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 investors bought 110,089 call options on the company. This is an increase of 30% compared to the typical volume of 84,442 call options.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Roth Mkm dropped their price objective on shares of AMC Entertainment from $3.25 to $3.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. Wedbush raised shares of AMC Entertainment from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $3.00 to $4.00 in a research note on Friday. Citigroup reaffirmed a “sell” rating and set a $2.60 price target (up from $2.30) on shares of AMC Entertainment in a research note on Thursday, May 29th. Finally, B. Riley assumed coverage on shares of AMC Entertainment in a research note on Friday, May 16th. They set a “neutral” rating and a $3.00 price target for the company. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.26.

AMC Entertainment Stock Performance

AMC opened at $3.35 on Friday. The firm has a 50 day moving average price of $3.08 and a 200 day moving average price of $3.16. The company has a market cap of $1.45 billion, a PE ratio of -3.42 and a beta of 1.43. AMC Entertainment has a 1 year low of $2.45 and a 1 year high of $5.76.

AMC Entertainment (NYSE:AMC) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.03. The company had revenue of $862.50 million during the quarter, compared to analysts’ expectations of $983.23 million. During the same period in the prior year, the business posted ($0.62) EPS. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts predict that AMC Entertainment will post -1.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC boosted its stake in AMC Entertainment by 15.7% in the 4th quarter. Tidal Investments LLC now owns 28,581 shares of the company’s stock valued at $114,000 after purchasing an additional 3,885 shares during the period. Mackenzie Financial Corp lifted its position in shares of AMC Entertainment by 24.3% during the 1st quarter. Mackenzie Financial Corp now owns 22,517 shares of the company’s stock valued at $65,000 after acquiring an additional 4,400 shares during the period. Avantax Advisory Services Inc. lifted its position in shares of AMC Entertainment by 5.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 87,655 shares of the company’s stock valued at $252,000 after acquiring an additional 4,551 shares during the period. Victory Capital Management Inc. increased its holdings in AMC Entertainment by 10.1% in the 1st quarter. Victory Capital Management Inc. now owns 51,805 shares of the company’s stock worth $149,000 after purchasing an additional 4,756 shares in the last quarter. Finally, Xponance Inc. increased its holdings in AMC Entertainment by 21.8% in the 1st quarter. Xponance Inc. now owns 30,383 shares of the company’s stock worth $87,000 after purchasing an additional 5,446 shares in the last quarter. 28.80% of the stock is currently owned by institutional investors.

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.