In today’s session CalAmp Corp. (CAMP) recorded an unusually high (713) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious CAMP decrease. With 713 contracts traded and 514 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: CAMP161021P00012500 closed last at: $0.25 or 25% up. About 721,574 shares traded hands or 21.40% up from the average. CalAmp Corp. (NASDAQ:CAMP) has declined 26.73% since March 1, 2016 and is downtrending. It has underperformed by 35.97% the S&P500.
Analysts await CalAmp Corp. (NASDAQ:CAMP) to report earnings on October, 6. They expect $0.21 EPS, down 16.00% or $0.04 from last year’s $0.25 per share. CAMP’s profit will be $7.38 million for 16.17 P/E if the $0.21 EPS becomes a reality. After $0.27 actual EPS reported by CalAmp Corp. for the previous quarter, Wall Street now forecasts -22.22% negative EPS growth.
CalAmp Corp. (NASDAQ:CAMP) Ratings Coverage
Out of 8 analysts covering CalAmp (NASDAQ:CAMP), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. CalAmp has been the topic of 10 analyst reports since December 7, 2015 according to StockzIntelligence Inc. Sidoti downgraded CalAmp Corp. (NASDAQ:CAMP) on Tuesday, March 22 to “Neutral” rating. On Wednesday, December 23 the stock rating was maintained by Canaccord Genuity with “Buy”. First Analysis downgraded the stock to “Equal-Weight” rating in Friday, September 30 report. The rating was maintained by Northland Capital on Tuesday, March 22 with “Outperform”. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Buy” rating by Sidoti on Monday, May 9. On Wednesday, April 20 the stock rating was downgraded by William Blair to “Market Perform”. The stock of CalAmp Corp. (NASDAQ:CAMP) earned “Hold” rating by Aegis Capital on Monday, October 3. The stock has “Buy” rating given by Craig Hallum on Wednesday, June 29. The firm has “Overweight” rating by First Analysis given on Monday, August 15. The stock has “Buy” rating given by Chardan Capital Markets on Monday, December 7.
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.31, from 1.31 in 2016Q1. The ratio is negative, as 23 funds sold all CalAmp Corp. shares owned while 46 reduced positions. 21 funds bought stakes while 48 increased positions. They now own 22.80 million shares or 12.80% less from 26.15 million shares in 2016Q1.
Blackrock Investment Mgmt Ltd accumulated 0% or 156,707 shares. Deutsche National Bank Ag holds 0% of its portfolio in CalAmp Corp. (NASDAQ:CAMP) for 234,185 shares. The Pennsylvania-based Glenmede Co Na has invested 0% in CalAmp Corp. (NASDAQ:CAMP). Envestnet Asset Inc holds 3,964 shares or 0% of its portfolio. The New York-based Citigroup has invested 0% in CalAmp Corp. (NASDAQ:CAMP). Nomura Hldgs holds 0.01% of its portfolio in CalAmp Corp. (NASDAQ:CAMP) for 276,438 shares. New York State Teachers Retirement Sys has 16,443 shares for 0% of their US portfolio. Kennedy Mngmt Incorporated accumulated 390,070 shares or 0.12% of the stock. Thrivent For Lutherans last reported 0% of its portfolio in the stock. Alphaone Svcs Ltd Liability Com holds 245,941 shares or 1.34% of its portfolio. New York State Common Retirement Fund has 0% invested in the company for 55,546 shares. The Texas-based Stephens Mgmt Group Lc has invested 0.33% in CalAmp Corp. (NASDAQ:CAMP). Jefferies Grp Llc has 0.05% invested in the company for 719,637 shares. Metropolitan Life Ins Company Ny last reported 28,197 shares in the company. New Jersey Better Educational Savings Tru accumulated 0.3% or 30,000 shares.
Insider Transactions: Since April 26, 2016, the stock had 1 insider buy, and 5 sales for $681,261 net activity. $108,450 worth of CalAmp Corp. (NASDAQ:CAMP) was sold by VITELLE RICHARD K on Tuesday, May 3. GARDNER JEFFERY R had bought 1,000 shares worth $14,110.
CalAmp Corp. is a provider of wireless communications solutions for a range of applications to clients globally. The company has a market cap of $477.13 million. The Firm operates through two business divisions: Wireless DataCom and Satellite. It has a 69.97 P/E ratio. The Company’s Wireless DataCom segment offers solutions for mobile resource management (MRM) applications, the machine-to-machine (M2M) communications space and other markets that require connectivity anytime and anywhere.
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