Investors Buy High Volume of AMC Entertainment Call Options (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) saw unusually large options trading on Friday. Stock investors bought 210,617 call options on the stock. This is an increase of 141% compared to the average volume of 87,312 call options.

Analysts Set New Price Targets

AMC has been the subject of several research reports. Roth Mkm reduced their price objective on AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating for the company in a research report on Wednesday, April 16th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Monday, March 3rd. Citigroup restated a “sell” rating and set a $2.30 price objective (down previously from $2.80) on shares of AMC Entertainment in a report on Thursday, April 24th. B. Riley started coverage on shares of AMC Entertainment in a research report on Friday. They set a “neutral” rating and a $3.00 price objective for the company. Finally, Roth Capital set a $3.25 target price on AMC Entertainment in a research report on Tuesday, February 4th. Three investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, AMC Entertainment has a consensus rating of “Hold” and an average target price of $4.22.

Institutional Investors Weigh In On AMC Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Financial Strategies LLC acquired a new position in AMC Entertainment in the first quarter valued at about $29,000. Ground Swell Capital LLC bought a new position in shares of AMC Entertainment in the first quarter valued at approximately $30,000. Sowell Financial Services LLC acquired a new position in shares of AMC Entertainment in the 1st quarter worth approximately $36,000. Sterling Capital Management LLC grew its position in AMC Entertainment by 831.5% during the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company’s stock worth $43,000 after acquiring an additional 9,679 shares during the last quarter. Finally, Abacus Planning Group Inc. acquired a new stake in AMC Entertainment during the 1st quarter valued at $47,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Up 4.8%

NYSE AMC opened at $2.95 on Friday. AMC Entertainment has a twelve month low of $2.45 and a twelve month high of $5.96. The stock has a market cap of $1.27 billion, a P/E ratio of -1.83 and a beta of 1.41. The company’s 50-day simple moving average is $2.82 and its 200 day simple moving average is $3.53.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.03. The company had revenue of $862.50 million during the quarter, compared to the consensus estimate of $983.23 million. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.62) earnings per share. Research analysts anticipate that AMC Entertainment will post -1.38 earnings per share for the current 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.