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

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

AMC Entertainment Price Performance

Shares of NYSE AMC opened at $3.30 on Friday. The company has a 50-day moving average price of $3.68 and a 200-day moving average price of $5.48. The stock has a market capitalization of $868.82 million, a P/E ratio of -1.40 and a beta of 1.69. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $62.30.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, February 28th. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.16. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts anticipate that AMC Entertainment will post -1.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMC shares. Wedbush restated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Monday, April 29th. B. Riley lowered their price target on shares of AMC Entertainment from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat.com, AMC Entertainment presently has an average rating of “Reduce” and an average price target of $5.95.

Institutional Trading of AMC Entertainment

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

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.