AMC Entertainment Sees Unusually Large Options Volume (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the recipient of unusually large options trading activity on Monday. Investors acquired 286,941 call options on the stock. This is an increase of 162% compared to the average volume of 109,662 call options.

AMC Entertainment Trading Up 1.7 %

Shares of NYSE:AMC opened at $4.57 on Wednesday. The firm has a 50 day simple moving average of $4.50 and a 200-day simple moving average of $4.68. AMC Entertainment has a twelve month low of $2.38 and a twelve month high of $11.88. The company has a market capitalization of $1.65 billion, a PE ratio of -2.84 and a beta of 1.83.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned ($0.09) earnings per share. As a group, equities research analysts predict that AMC Entertainment will post -1.42 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

A number of large investors have recently made changes to their positions in the company. KBC Group NV acquired a new position in AMC Entertainment during the third quarter worth approximately $37,000. Skylands Capital LLC acquired a new position in shares of AMC Entertainment in the 2nd quarter valued at $50,000. Creative Planning purchased a new stake in AMC Entertainment in the 3rd quarter valued at $48,000. Amalgamated Bank boosted its stake in AMC Entertainment by 31.5% during the 3rd quarter. Amalgamated Bank now owns 11,568 shares of the company’s stock worth $53,000 after purchasing an additional 2,771 shares during the period. Finally, Burns Matteson Capital Management LLC purchased a new position in AMC Entertainment during the 3rd quarter worth $55,000. 28.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMC shares. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Wedbush reissued a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Monday, August 5th. Morgan Stanley reduced their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. B. Riley lowered their price target on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a report on Tuesday. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat.com, AMC Entertainment has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.