What Next for Lexmark International Inc Stock After Today’s Bullish Options Activity?

 What Next for Lexmark International Inc Stock After Today's Bullish Options Activity?

In today’s session Lexmark International Inc (LXK) registered an unusually high (2,225) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious LXK increase. With 2,225 contracts traded and 47514 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: LXK161021C00038000 closed last at: $2.1 or 162.5% up. About 1.65M shares traded hands or 80.17% up from the average. Lexmark International Inc (NYSE:LXK) has risen 25.50% since March 1, 2016 and is uptrending. It has outperformed by 16.26% the S&P500.

Analysts await Lexmark International Inc (NYSE:LXK) to report earnings on October, 25.

Lexmark International Inc (NYSE:LXK) Ratings Coverage

Out of 4 analysts covering Lexmark International Inc. (NYSE:LXK), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $36.0 is the highest target while $31 is the lowest. The $33.50 average target is -16.44% below today’s ($40.09) stock price. Lexmark International Inc. has been the topic of 8 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Bernstein upgraded Lexmark International Inc (NYSE:LXK) on Wednesday, August 5 to “Market Perform” rating. The rating was upgraded by Credit Suisse on Thursday, February 18 to “Neutral”. On Friday, October 23 the stock rating was downgraded by Standpoint Research to “Hold”. The stock of Lexmark International Inc (NYSE:LXK) has “Neutral” rating given on Wednesday, October 7 by Citigroup. The firm has “Buy” rating given on Thursday, January 7 by Standpoint Research. Standpoint Research downgraded Lexmark International Inc (NYSE:LXK) on Wednesday, April 20 to “Hold” rating. The firm has “Hold” rating given on Wednesday, August 26 by Standpoint Research.

Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.19, from 1.02 in 2016Q1. The ratio improved, as 48 funds sold all Lexmark International Inc shares owned while 55 reduced positions. 50 funds bought stakes while 75 increased positions. They now own 51.48 million shares or 3.46% less from 53.33 million shares in 2016Q1.
Coastland has 761,686 shares for 1.17% of their US portfolio. Capital Fund Management has 0% invested in the company for 7,322 shares. Capstone Invest Advsrs Limited Liability last reported 26,417 shares in the company. Cornerstone Advisors accumulated 0% or 52 shares. Vantage Inv Limited Liability Company owns 800 shares or 0.01% of their US portfolio. Fairfax Finance Holding Can reported 16,200 shares or 0.04% of all its holdings. Afam Capital last reported 0.73% of its portfolio in the stock. Da Davidson Com has 0% invested in the company for 250 shares. Blackrock Investment Mgmt Ltd Com reported 183,826 shares or 0.01% of all its holdings. Highbridge Management has 0.25% invested in the company for 400,000 shares. Weaver C Barksdale And Assoc Inc owns 429 shares or 0.03% of their US portfolio. Advantus Capital Mgmt, a Minnesota-based fund reported 7,586 shares. Advisors Asset Management reported 241,126 shares or 0.15% of all its holdings. Us National Bank & Trust De accumulated 0% or 500 shares. Blackrock Grp Incorporated Limited accumulated 52,678 shares or 0% of the stock.

Lexmark International, Inc. is a developer, maker and supplier of printing, imaging, device management, managed print services , document workflow, and business process and content management solutions. The company has a market cap of $2.52 billion. The Firm operates through two divisions: Imaging Solutions and Services (ISS) and Enterprise Software. It currently has negative earnings. The Company’s ISS segment offers a portfolio of color and monochrome laser printers and laser multifunction printers (MFPs), as well as supplies, software applications, software solutions and MPS.

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