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

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMC. 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. B. Riley reduced their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. Finally, StockNews.com raised AMC Entertainment to a “sell” rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $5.44.

AMC Entertainment Trading Up 3.4 %

AMC stock traded up $0.14 during midday trading on Tuesday, hitting $4.20. 14,087,648 shares of the company’s stock were exchanged, compared to its average volume of 25,331,076. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -2.65 and a beta of 1.85. The firm has a 50 day moving average price of $4.47 and a 200-day moving average price of $4.76. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. AMC Entertainment’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) earnings per share. On average, sell-side analysts forecast that AMC Entertainment will post -1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On AMC Entertainment

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

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.