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

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the recipient of unusually large options trading activity on Tuesday. Traders bought 227,898 call options on the stock. This is an increase of 108% compared to the typical daily volume of 109,806 call options.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMC shares. B. Riley cut their price objective on AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Benchmark restated a “hold” rating on shares of AMC Entertainment in a research note on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a “sell” rating in a report on Tuesday, November 12th. Wedbush reiterated a “neutral” rating and issued a $4.00 target price on shares of AMC Entertainment in a report on Monday, August 5th. Finally, Macquarie restated an “underperform” rating and set a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Four research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $5.44.

Hedge Funds Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in AMC Entertainment by 22.9% in the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after buying an additional 4,617,007 shares during the period. Price T Rowe Associates Inc. MD increased its stake in AMC Entertainment by 24.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 65,620 shares of the company’s stock valued at $245,000 after acquiring an additional 12,975 shares during the period. Public Employees Retirement System of Ohio raised its position in AMC Entertainment by 14.0% in the first quarter. Public Employees Retirement System of Ohio now owns 95,472 shares of the company’s stock worth $355,000 after purchasing an additional 11,760 shares in the last quarter. SG Americas Securities LLC lifted its stake 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 purchasing an additional 1,064,805 shares during the period. Finally, Tyche Wealth Partners LLC acquired a new stake in AMC Entertainment during the second quarter valued at approximately $90,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Trading Up 6.8 %

Shares of AMC Entertainment stock opened at $4.86 on Tuesday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of -3.02 and a beta of 1.83. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The company’s fifty day simple moving average is $4.43 and its 200-day simple moving average is $4.76.

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

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.