Traders Buy High Volume of Call Options on AMC Entertainment (NYSE:AMC)

AMC Entertainment Holdings, Inc. (NYSE:AMC - Get Free Report) was the target of some unusual options trading on Friday. Stock traders purchased 110,089 call options on the stock. This is an increase of 30% compared to the average volume of 84,442 call options.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMC. Wedbush raised AMC Entertainment from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $3.00 to $4.00 in a report on Friday. Roth Mkm decreased their target price on AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a "sell" rating and set a $2.60 price target (up previously from $2.30) on shares of AMC Entertainment in a report on Thursday, May 29th. Finally, B. Riley started coverage on shares of AMC Entertainment in a report on Friday, May 16th. They set a "neutral" rating and a $3.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.26.

Institutional Investors Weigh In On AMC Entertainment

Hedge funds have recently modified their holdings of the business. Legacy Financial Strategies LLC purchased a new position in AMC Entertainment during the first quarter valued at $29,000. Ground Swell Capital LLC bought a new position in shares of AMC Entertainment in the first quarter worth 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. Kapitalo Investimentos Ltda bought a new position in shares of AMC Entertainment during the 2nd quarter valued at approximately $40,000. Finally, Sterling Capital Management LLC increased its holdings in AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock worth $43,000 after acquiring an additional 9,679 shares in the last quarter. Institutional investors own 28.80% of the company's stock.

AMC Entertainment Stock Down 0.8%

Shares of AMC Entertainment stock traded down $0.03 during trading hours on Monday, reaching $3.31. 11,735,676 shares of the stock traded hands, compared to its average volume of 11,307,889. The company has a 50 day moving average price of $3.08 and a 200 day moving average price of $3.15. AMC Entertainment has a one year low of $2.45 and a one year high of $5.76. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -3.37 and a beta of 1.43.

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, beating the consensus estimate of ($0.61) by $0.03. The business had revenue of $862.50 million for the quarter, compared to the consensus estimate of $983.23 million. During the same quarter last year, the firm posted ($0.62) earnings per share. The business's quarterly revenue was down 9.3% compared to the same quarter last year. Sell-side analysts anticipate that AMC Entertainment will post -1.38 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.