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

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) was the recipient of some unusual options trading on Friday. Stock investors acquired 141,454 call options on the stock. This represents an increase of 46% compared to the average daily volume of 96,901 call options.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Roth Capital set a $3.25 price objective on AMC Entertainment in a report on Tuesday, February 4th. Citigroup reiterated a "sell" rating and issued a $2.60 price objective (up from $2.30) on shares of AMC Entertainment in a report on Thursday. Benchmark reiterated a "hold" rating on shares of AMC Entertainment in a report on Monday, March 3rd. B. Riley assumed coverage on AMC Entertainment in a report on Friday, May 16th. They issued a "neutral" rating and a $3.00 price objective for the company. Finally, Roth Mkm reduced their price objective on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $4.26.

AMC Entertainment Stock Down 3.2%

NYSE:AMC traded down $0.12 on Monday, hitting $3.45. The stock had a trading volume of 9,827,009 shares, compared to its average volume of 14,650,644. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -2.14 and a beta of 1.41. The business's 50-day simple moving average is $2.89 and its two-hundred day simple moving average is $3.43. AMC Entertainment has a 52-week low of $2.45 and a 52-week high of $5.96.

AMC Entertainment (NYSE:AMC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.58) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.03. The firm had revenue of $862.50 million during the quarter, compared to analysts' expectations of $983.23 million. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.62) earnings per share. As a group, equities research analysts anticipate that AMC Entertainment will post -1.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Legacy Financial Strategies LLC purchased a new position in shares of AMC Entertainment during the 1st quarter valued at about $29,000. Ground Swell Capital LLC purchased a new position in shares of AMC Entertainment during the 1st quarter valued at about $30,000. Sowell Financial Services LLC purchased a new position in shares of AMC Entertainment during the 1st quarter valued at about $36,000. Sterling Capital Management LLC lifted its position in shares of AMC Entertainment by 831.5% during the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock valued at $43,000 after buying an additional 9,679 shares in the last quarter. Finally, Abacus Planning Group Inc. purchased a new position in shares of AMC Entertainment during the 1st quarter valued at about $47,000. 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.