AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) was the recipient of some unusual options trading on Tuesday. Stock traders bought 227,898 call options on the company. This represents an increase of 108% compared to the typical daily volume of 109,806 call options.
AMC Entertainment Price Performance
Shares of AMC stock traded down $0.07 during trading on Tuesday, reaching $4.80. The company's stock had a trading volume of 20,746,952 shares, compared to its average volume of 25,677,506. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -3.02 and a beta of 1.83. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88. The stock's 50-day moving average price is $4.43 and its 200 day moving average price is $4.78.
AMC Entertainment (NYSE:AMC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping 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. The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.09) earnings per share. On average, sell-side analysts anticipate that AMC Entertainment will post -1.42 EPS for the current fiscal year.
Institutional Investors Weigh In On AMC Entertainment
A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted 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 worth $92,273,000 after purchasing an additional 4,617,007 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of AMC Entertainment by 153.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock valued at $16,860,000 after acquiring an additional 2,243,052 shares during the last quarter. Renaissance Technologies LLC increased its holdings 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 acquiring an additional 1,585,430 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of AMC Entertainment during the 2nd quarter worth about $6,775,000. Finally, SG Americas Securities LLC lifted its stake in AMC Entertainment by 1,894.0% during the second quarter. SG Americas Securities LLC now owns 1,121,025 shares of the company's stock worth $5,583,000 after purchasing an additional 1,064,805 shares during the last quarter. 28.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
AMC has been the topic of a number of research analyst reports. StockNews.com upgraded AMC Entertainment to a "sell" rating in a research report on Tuesday, November 12th. B. Riley decreased their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Morgan Stanley dropped their price target on shares of AMC Entertainment from $11.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, August 12th. Macquarie restated an "underperform" rating and issued a $4.00 price objective on shares of AMC Entertainment in a report on Wednesday, November 13th. Finally, Wedbush reaffirmed a "neutral" rating and set a $4.00 price objective on shares of AMC Entertainment in a research report on Monday, August 5th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $5.44.
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About AMC Entertainment
(
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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.
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