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

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) was the recipient of unusually large options trading on Tuesday. Traders bought 136,770 call options on the stock. This represents an increase of 24% compared to the average daily volume of 110,700 call options.

Analyst Ratings Changes

AMC has been the topic of a number of research analyst reports. B. Riley decreased their target price on AMC Entertainment from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. StockNews.com raised shares of AMC Entertainment to a "sell" rating in a research note on Tuesday, November 12th. Benchmark reaffirmed a "hold" rating on shares of AMC Entertainment in a research note on Thursday, November 7th. Finally, Macquarie reissued an "underperform" rating and issued a $4.00 price target on shares of AMC Entertainment in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company's stock. According to MarketBeat.com, AMC Entertainment currently has a consensus rating of "Reduce" and an average target price of $5.44.

AMC Entertainment Stock Performance

AMC Entertainment stock traded up $0.20 during midday trading on Tuesday, hitting $4.26. 19,838,781 shares of the company's stock were exchanged, compared to its average volume of 25,356,727. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -2.65 and a beta of 1.85. The firm's 50 day simple moving average is $4.47 and its 200 day simple moving average is $4.76. AMC Entertainment has a 12-month low of $2.38 and a 12-month high of $11.88.

AMC Entertainment (NYSE:AMC - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.03. The firm 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 business earned ($0.09) earnings per share. AMC Entertainment's revenue for the quarter was down 4.1% on a year-over-year basis. On average, equities research analysts forecast that AMC Entertainment will post -1.41 EPS for the current fiscal year.

Institutional Trading of AMC Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of AMC. Charles Schwab Investment Management Inc. increased its stake in shares of AMC Entertainment by 153.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,705,500 shares of the company's stock valued at $16,860,000 after purchasing an additional 2,243,052 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of AMC Entertainment by 18.2% in the second quarter. Renaissance Technologies LLC now owns 10,285,826 shares of the company's stock worth $51,223,000 after buying an additional 1,585,430 shares during the period. Marshall Wace LLP purchased a new stake in shares of AMC Entertainment in the second quarter valued at $6,775,000. State Street Corp boosted its position in AMC Entertainment by 14.6% during the 3rd quarter. State Street Corp now owns 7,353,442 shares of the company's stock worth $33,458,000 after acquiring an additional 936,618 shares during the period. Finally, Geode Capital Management LLC grew its position in AMC Entertainment by 12.1% during the third quarter. Geode Capital Management LLC now owns 8,047,182 shares of the company's stock valued at $36,622,000 after purchasing an additional 866,757 shares in the last quarter. Institutional investors and hedge funds own 28.80% of the company's stock.

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.