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

AMC Entertainment Holdings Inc (NYSE:AMC) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 8,102 put options on the stock. This represents an increase of approximately 773% compared to the average volume of 928 put options.

Several large investors have recently made changes to their positions in AMC. NumerixS Investment Technologies Inc boosted its holdings in shares of AMC Entertainment by 61.5% in the first quarter. NumerixS Investment Technologies Inc now owns 12,600 shares of the company’s stock valued at $186,000 after acquiring an additional 4,800 shares in the last quarter. Trexquant Investment LP bought a new position in shares of AMC Entertainment in the first quarter valued at approximately $2,105,000. Cooper Creek Partners Management LLC bought a new stake in AMC Entertainment during the first quarter worth approximately $2,078,000. Advisory Services Network LLC boosted its holdings in AMC Entertainment by 1,038.8% during the first quarter. Advisory Services Network LLC now owns 43,275 shares of the company’s stock worth $643,000 after buying an additional 39,475 shares in the last quarter. Finally, Sepio Capital LLC bought a new stake in AMC Entertainment during the first quarter worth approximately $345,000. Institutional investors own 48.80% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $15.00 price objective on shares of AMC Entertainment in a research note on Wednesday, July 31st. MKM Partners set a $11.00 price objective on shares of AMC Entertainment and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Citigroup dropped their price objective on shares of AMC Entertainment from $17.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. Credit Suisse Group assumed coverage on shares of AMC Entertainment in a research note on Friday, July 19th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of AMC Entertainment from a “hold” rating to a “strong sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $15.83.

Shares of NYSE:AMC opened at $9.22 on Friday. The firm’s 50 day moving average is $10.91 and its two-hundred day moving average is $12.06. AMC Entertainment has a 52 week low of $8.73 and a 52 week high of $20.36. The company has a debt-to-equity ratio of 7.30, a quick ratio of 0.34 and a current ratio of 0.34.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. AMC Entertainment had a negative net margin of 0.20% and a negative return on equity of 10.94%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $0.17 earnings per share. AMC Entertainment’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts predict that AMC Entertainment will post -0.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were paid a $0.20 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.80 annualized dividend and a dividend yield of 8.68%. AMC Entertainment’s payout ratio is currently 615.38%.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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