Some Traders See Unusual Bullish Options Activity in Swift Transportation Co


 Some Traders See Unusual Bullish Options Activity in Swift Transportation Co

In today’s session Swift Transportation Co (SWFT) registered an unusually high (558) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SWFT increase. With 558 contracts traded and 77014 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SWFT161118C00022000 closed last at: $1.25 or 8.7% up. The stock decreased 2.94% or $0.64 during the last trading session, hitting $21.16. About 2.22M shares traded hands. Swift Transportation Co (NYSE:SWFT) has risen 26.23% since March 1, 2016 and is uptrending. It has outperformed by 16.99% the S&P500.

Analysts await Swift Transportation Co (NYSE:SWFT) to report earnings on October, 24. They expect $0.32 earnings per share, up 3.23% or $0.01 from last year’s $0.31 per share. SWFT’s profit will be $43.40M for 16.53 P/E if the $0.32 EPS becomes a reality. After $0.34 actual earnings per share reported by Swift Transportation Co for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Swift Transportation Co (NYSE:SWFT) Ratings Coverage

Out of 10 analysts covering Swift Transportation (NYSE:SWFT), 6 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 60% are positive. Swift Transportation has been the topic of 22 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Avondale downgraded the shares of SWFT in a report on Thursday, June 23 to “Market Underperform” rating. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 5 report. The firm earned “Buy” rating on Monday, February 22 by Bank of America. Avondale downgraded Swift Transportation Co (NYSE:SWFT) on Friday, October 30 to “Market Perform” rating. Bank of America downgraded the shares of SWFT in a report on Wednesday, December 2 to “Neutral” rating. UBS downgraded Swift Transportation Co (NYSE:SWFT) on Thursday, October 22 to “Neutral” rating. Morgan Stanley upgraded Swift Transportation Co (NYSE:SWFT) on Tuesday, February 23 to “Overweight” rating. The firm earned “Sector Perform” rating on Thursday, January 7 by RBC Capital Markets. As per Friday, December 4, the company rating was downgraded by Longbow. As per Monday, September 28, the company rating was maintained by S&P Research.

Insitutional Activity: The institutional sentiment increased to 0.89 in 2016 Q2. Its up 0.04, from 0.85 in 2016Q1. The ratio increased, as 37 funds sold all Swift Transportation Co shares owned while 71 reduced positions. 33 funds bought stakes while 63 increased positions. They now own 98.58 million shares or 1.06% more from 97.55 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement Systems accumulated 67,324 shares or 0% of the stock. Citigroup holds 0% or 9,962 shares in its portfolio. Menta Cap Ltd Liability holds 0.3% or 141,223 shares in its portfolio. New York State Common Retirement Fund has 395,066 shares for 0.01% of their US portfolio. Geode Management Ltd Llc has 553,783 shares for 0% of their US portfolio. The Pennsylvania-based Sei has invested 0% in Swift Transportation Co (NYSE:SWFT). Fmr Ltd Liability Com holds 0.02% of its portfolio in Swift Transportation Co (NYSE:SWFT) for 10.69M shares. Ameriprise Fin last reported 0.02% of its portfolio in the stock. Schwab Charles Investment Mngmt has 462,996 shares for 0.01% of their US portfolio. Caisse De Depot Et Placement Du Quebec owns 330,000 shares or 0.01% of their US portfolio. Polaris Capital Management Ltd Limited Liability Company has invested 0.14% of its portfolio in Swift Transportation Co (NYSE:SWFT). Stifel Fin has invested 0% of its portfolio in Swift Transportation Co (NYSE:SWFT). Regions holds 0.02% or 83,401 shares in its portfolio. Macquarie Grp Inc holds 0.02% or 609,065 shares in its portfolio. Price T Rowe Md last reported 24,533 shares in the company.

Swift Transportation Company is a multi-faceted transportation services company, which operates the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The company has a market cap of $2.87 billion. The Firm operates in four divisions: Truckload, Dedicated, Swift Refrigerated and Intermodal. It has a 16.15 P/E ratio. The Truckload segment consists of one way movements over irregular routes throughout the United States, Mexico and Canada.

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