AMC Entertainment Target of Unusually Large Options Trading (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the recipient of unusually large options trading on Tuesday. Investors purchased 227,898 call options on the company. This is an increase of approximately 108% compared to the typical volume of 109,806 call options.

AMC Entertainment Trading Up 3.9 %

AMC Entertainment stock opened at $4.99 on Thursday. The stock has a fifty day moving average price of $4.43 and a two-hundred day moving average price of $4.79. AMC Entertainment has a 52-week low of $2.38 and a 52-week high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.03. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. AMC Entertainment’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.09) EPS. On average, equities research analysts predict that AMC Entertainment will post -1.42 EPS for the current year.

Wall Street Analyst Weigh In

AMC has been the subject of a number of recent analyst reports. Wedbush reaffirmed a “neutral” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Monday, August 5th. Morgan Stanley cut their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, August 12th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. B. Riley cut their price target on 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 AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $5.44.

Hedge Funds Weigh In On AMC Entertainment

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in AMC Entertainment by 22.9% during the first quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock worth $92,273,000 after buying an additional 4,617,007 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in AMC Entertainment by 24.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock worth $245,000 after buying an additional 12,975 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in AMC Entertainment by 14.0% during the first quarter. Public Employees Retirement System of Ohio now owns 95,472 shares of the company’s stock worth $355,000 after buying an additional 11,760 shares during the last quarter. SG Americas Securities LLC boosted its holdings in AMC Entertainment by 1,894.0% during the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after buying an additional 1,064,805 shares during the last quarter. Finally, Tyche Wealth Partners LLC bought a new position in AMC Entertainment during the second quarter worth about $90,000. Institutional investors own 28.80% of the company’s stock.

About AMC Entertainment

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.