Stock Traders Purchase High Volume of AMC Entertainment Call Options (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw some unusual options trading activity on Tuesday. Traders bought 136,770 call options on the company. This is an increase of approximately 24% compared to the typical volume of 110,700 call options.

Institutional Trading of AMC Entertainment

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

AMC Entertainment Price Performance

Shares of AMC opened at $4.05 on Thursday. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The stock has a market cap of $1.52 billion, a PE ratio of -2.52 and a beta of 1.85. The stock’s 50-day moving average is $4.47 and its two-hundred day moving average is $4.76.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same period last year, the business earned ($0.09) EPS. On average, research analysts anticipate that AMC Entertainment will post -1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMC has been the topic of a number of recent analyst reports. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a research note on Tuesday, November 12th. B. Riley reduced their target price on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Finally, Macquarie reissued an “underperform” rating and set a $4.00 target price on shares of AMC Entertainment in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the company 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.