Stock Traders Purchase Large Volume of AMC Entertainment Call Options (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC) was the recipient of unusually large options trading activity on Monday. Traders bought 286,941 call options on the stock. This is an increase of 162% compared to the typical daily volume of 109,662 call options.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wedbush reissued a “neutral” rating and issued a $4.00 price objective on shares of AMC Entertainment in a research note on Monday, August 5th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a research report on Thursday, November 7th. B. Riley decreased their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Finally, Morgan Stanley dropped their target price on shares of AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.44.

Institutional Trading of AMC Entertainment

Several institutional investors have recently modified their holdings of AMC. Vanguard Group Inc. boosted its position in shares of AMC Entertainment by 22.9% during the 1st quarter. Vanguard Group Inc. now owns 24,804,669 shares of the company’s stock valued at $92,273,000 after acquiring an additional 4,617,007 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of AMC Entertainment by 18.2% in the 2nd quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company’s stock valued at $51,223,000 after purchasing an additional 1,585,430 shares during the period. Marshall Wace LLP acquired a new position in shares of AMC Entertainment in the 2nd quarter worth approximately $6,775,000. SG Americas Securities LLC lifted its position in shares of AMC Entertainment by 1,894.0% during the 2nd quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company’s stock worth $5,583,000 after buying an additional 1,064,805 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in AMC Entertainment by 92.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,086,600 shares of the company’s stock valued at $5,411,000 after buying an additional 522,063 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company’s stock.

AMC Entertainment Stock Up 5.2 %

Shares of AMC stock opened at $4.49 on Tuesday. AMC Entertainment has a 1 year low of $2.38 and a 1 year high of $11.88. The firm’s fifty day simple moving average is $4.50 and its 200 day simple moving average is $4.67.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted ($0.09) EPS. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. On average, analysts anticipate that AMC Entertainment will post -1.42 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.