In today’s session Ball Corporation (BLL) registered an unusually high (539) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BLL increase. With 539 contracts traded and 47994 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BLL161118C00080000 closed last at: $4 or 17.6% up. About 801,854 shares traded hands. Ball Corporation (NYSE:BLL) has risen 19.07% since March 1, 2016 and is uptrending. It has outperformed by 9.83% the S&P500.
Analysts await Ball Corporation (NYSE:BLL) to report earnings on November, 3. They expect $0.91 earnings per share, down 17.27% or $0.19 from last year’s $1.1 per share. BLL’s profit will be $155.95M for 21.88 P/E if the $0.91 EPS becomes a reality. After $1.05 actual earnings per share reported by Ball Corporation for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.
Ball Corporation (NYSE:BLL) Ratings Coverage
Out of 7 analysts covering Ball Corporation (NYSE:BLL), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Ball Corporation has been the topic of 12 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The stock of Ball Corporation (NYSE:BLL) has “Equal-Weight” rating given on Thursday, July 14 by Barclays Capital. The stock of Ball Corporation (NYSE:BLL) earned “Buy” rating by Jefferies on Wednesday, December 9. The firm earned “Neutral” rating on Friday, July 29 by Citigroup. As per Thursday, December 3, the company rating was upgraded by Wells Fargo. The rating was maintained by Jefferies with “Buy” on Friday, August 5. The company was upgraded on Tuesday, November 10 by Macquarie Research. As per Friday, August 5, the company rating was downgraded by Vertical Research. JP Morgan upgraded the shares of BLL in a report on Thursday, March 31 to “Overweight” rating. The firm has “Neutral” rating by Citigroup given on Friday, August 5.
Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.43, from 1.03 in 2016Q1. The ratio is positive, as 36 funds sold all Ball Corporation shares owned while 104 reduced positions. 45 funds bought stakes while 159 increased positions. They now own 129.58 million shares or 10.47% more from 117.30 million shares in 2016Q1.
Locust Wood Capital Advisers Lc has 2.89% invested in the company for 358,173 shares. Parkside National Bank & Trust And Trust owns 37 shares or 0% of their US portfolio. The United Kingdom-based Barclays Public Limited Co has invested 0.01% in Ball Corporation (NYSE:BLL). Public Employees Retirement Association Of Colorado has 0.02% invested in the company for 36,933 shares. Principal Financial Group Inc has 0.03% invested in the company for 264,144 shares. Highline Mgmt L P has 3.52% invested in the company for 1.28M shares. The Illinois-based Great Lakes Advisors Ltd Liability Company has invested 0.27% in Ball Corporation (NYSE:BLL). M&T National Bank holds 25,164 shares or 0.01% of its portfolio. Capstone Investment Advisors Limited Liability, a New York-based fund reported 6,800 shares. Geode Cap Mgmt Limited Liability Company owns 1.37 million shares or 0.05% of their US portfolio. Ig Ltd reported 19,265 shares or 0.01% of all its holdings. Pioneer Inv Management, a Massachusetts-based fund reported 176,984 shares. Mutual Of America Management Ltd Com has 20,394 shares for 0.03% of their US portfolio. Richard Bernstein Advsr Ltd Limited Liability Company has invested 0.24% of its portfolio in Ball Corporation (NYSE:BLL). Bb&T Secs Ltd Co holds 0.01% of its portfolio in Ball Corporation (NYSE:BLL) for 12,571 shares.
Insider Transactions: Since May 2, 2016, the stock had 14 insider buys, and 3 selling transactions for $2.16 million net activity. The insider CAVE MICHAEL J bought 3,000 shares worth $240,310. The insider NELSON GEORGIA R bought $240,909. $237,960 worth of Ball Corporation (NYSE:BLL) was bought by FIEDLER HANNO C on Monday, August 8. $237,798 worth of Ball Corporation (NYSE:BLL) shares were bought by Alspaugh Robert W. HAYES JOHN A had bought 2,400 shares worth $190,337 on Monday, August 8. Peterson James N had sold 3,870 shares worth $309,145 on Wednesday, August 17. On Wednesday, August 10 the insider Mariani Pedro Henrique bought $240,540.
Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The company has a market cap of $13.65 billion. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. It has a 37.1 P/E ratio. The Firm operates in four divisions: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies.
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