AMC Entertainment Sees Unusually High Options Volume (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the target of unusually large options trading activity on Thursday. Investors bought 189,151 call options on the company. This represents an increase of 35% compared to the average daily volume of 140,341 call options.

Wall Street Analysts Forecast Growth

AMC has been the topic of several recent analyst reports. Wedbush cut their price objective on shares of AMC Entertainment from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday. B. Riley cut their price objective on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, February 29th. Four investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $5.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its stake in shares of AMC Entertainment by 3,234.8% in the 3rd quarter. SG Americas Securities LLC now owns 1,274,309 shares of the company’s stock worth $10,182,000 after acquiring an additional 1,236,097 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in shares of AMC Entertainment by 935.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 814,308 shares of the company’s stock worth $6,506,000 after acquiring an additional 735,666 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of AMC Entertainment in the 3rd quarter worth $5,582,000. HBK Sorce Advisory LLC increased its stake in shares of AMC Entertainment by 31.2% in the 4th quarter. HBK Sorce Advisory LLC now owns 27,459 shares of the company’s stock worth $168,000 after acquiring an additional 6,525 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of AMC Entertainment in the 4th quarter worth $459,000. Hedge funds and other institutional investors own 28.80% of the company’s stock.

AMC Entertainment Trading Up 8.2 %

AMC Entertainment stock opened at $3.16 on Friday. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $62.30. The stock’s 50 day simple moving average is $3.99 and its two-hundred day simple moving average is $5.94. The firm has a market cap of $831.96 million, a PE ratio of -1.34 and a beta of 1.62.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.54) EPS for the quarter, topping the consensus estimate of ($0.70) by $0.16. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.06 billion. On average, equities research analysts forecast that AMC Entertainment will post -1.7 EPS 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.