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

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of unusually large options trading activity on Friday. Stock traders acquired 222,277 call options on the stock. This represents an increase of 59% compared to the typical daily volume of 139,970 call options.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. B. Riley cut their price target on AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Wedbush reiterated a “neutral” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Monday, April 29th. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $5.95.

Institutional Trading of AMC Entertainment

A number of institutional investors have recently bought and sold shares of AMC. Russell Investments Group Ltd. bought a new stake in AMC Entertainment in the fourth quarter worth about $34,000. Mayflower Financial Advisors LLC bought a new stake in shares of AMC Entertainment during the 1st quarter worth approximately $37,000. Powell Investment Advisors LLC purchased a new position in AMC Entertainment during the 1st quarter valued at $55,000. Tower Research Capital LLC TRC grew its position in AMC Entertainment by 817.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,945 shares of the company’s stock valued at $61,000 after acquiring an additional 8,861 shares during the last quarter. Finally, Eudaimonia Partners LLC purchased a new stake in AMC Entertainment in the fourth quarter worth $71,000. 28.80% of the stock is currently owned by institutional investors.

AMC Entertainment Stock Performance

AMC stock opened at $3.30 on Friday. The firm has a market cap of $868.82 million, a PE ratio of -1.40 and a beta of 1.69. The firm has a fifty day moving average price of $3.68 and a 200 day moving average price of $5.48. AMC Entertainment has a fifty-two week low of $2.38 and a fifty-two week high of $62.30.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. On average, equities analysts predict that AMC Entertainment will post -1.6 EPS for the current year.

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.