In today’s session Lexmark International Inc (LXK) registered an unusually high (540) 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 540 contracts traded and 5044 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: LXK161021C00040000 closed last at: $0.15 or 66.7% down. About 174,667 shares traded hands. Lexmark International Inc (NYSE:LXK) has risen 28.27% since March 14, 2016 and is uptrending. It has outperformed by 22.66% 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. Lexmark International Inc. has been the topic of 8 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Standpoint Research given on Friday, October 23. On Wednesday, August 5 the stock rating was upgraded by Bernstein to “Market Perform”. Standpoint Research upgraded the shares of LXK in a report on Wednesday, August 26 to “Hold” rating. On Thursday, January 7 the stock rating was upgraded by Standpoint Research to “Buy”. Citigroup upgraded the shares of LXK in a report on Wednesday, October 7 to “Neutral” rating. The stock has “Neutral” rating given by Credit Suisse on Thursday, February 18. The rating was downgraded by Standpoint Research to “Hold” on Wednesday, April 20.
According to Zacks Investment Research, “Lexmark International, Inc. makes it easier for businesses and consumers to move information between the digital and paper worlds. In doing so, they are guided by a simple vision: Customers For Life. To earn its customers’ loyalty, they listen to them, anticipate their needs and act to create value in their eyes.”
Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.19, from 1.02 in 2016Q1. The ratio is positive, 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.
Financial Services, a Missouri-based fund reported 63 shares. Moreover, Bokf Na has 0% invested in Lexmark International Inc (NYSE:LXK) for 3,250 shares. West Oak Capital Limited Liability Com last reported 550 shares in the company. Moreover, Liberty Mutual Group Asset has 0.04% invested in Lexmark International Inc (NYSE:LXK) for 26,892 shares. Brandywine Invest Management Limited Liability Company has 0.07% invested in the company for 278,320 shares. Allianz Asset Mngmt Ag reported 34,559 shares or 0% of all its holdings. Goldman Sachs Grp last reported 0.01% of its portfolio in the stock. Ig Mgmt Limited accumulated 0% or 21,000 shares. Cadence Capital Mngmt Ltd Llc holds 7,149 shares or 0.02% of its portfolio. Point72 Asia (Hong Kong) Ltd accumulated 0.03% or 600 shares. Aperio Lc has invested 0.01% of its portfolio in Lexmark International Inc (NYSE:LXK). Blackrock Lc reported 183,826 shares or 0.01% of all its holdings. Kennedy Mgmt last reported 0.06% of its portfolio in the stock. Oregon Public Employees Retirement Fund has 0.03% invested in the company for 33,349 shares. The North Carolina-based Bb&T Corporation has invested 0.01% in Lexmark International Inc (NYSE:LXK).
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 $2.51 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.
LXK Company Profile
Lexmark International, Inc., incorporated on May 25, 1990, is a developer, maker and supplier of printing, imaging, device management, managed print services (MPS), document workflow, and business process and content management solutions. The Firm operates through two divisions: Imaging Solutions and Services (ISS) and Enterprise Software. The Firm operates in the office printing and imaging, enterprise content management (ECM), business process management (BPM), document output management (DOM)/customer communications management (CCM), intelligent content capture and data extraction and enterprise search software markets. The Company’s products include laser printers and multifunction devices, dot matrix printers and the associated supplies/solutions/services. They also include an integrated suite of ECM, BPM and DOM/CCM that includes case management, electronic signature, process analytics, information and application integration, intelligent content capture and data extraction, enterprise search and medical imaging vendor neutral archive (VNA) software products and solutions. The Firm develops and owns the technology for its printing and imaging products and its software related to MPS and content and process management solutions.
More notable recent Lexmark International Inc (NYSE:LXK) news were published by: Forbes.com which released: “Lexmark International is Oversold” on September 27, 2016, also Fool.com with their article: “Lexmark International Inc. Stock Jumps as Buyout Looks Close” published on September 30, 2016, Forbes.com published: “Ex-Dividend Reminder: CBOE Holdings Incorporated, CenturyLink and Lexmark …” on August 29, 2016. More interesting news about Lexmark International Inc (NYSE:LXK) were released by: Fool.com and their article: “Why Lexmark International Inc. Shares Jumped” published on April 20, 2016 as well as Investorplace.com‘s news article titled: “Why Deutsche Bank AG (DB), Lexmark International Inc (LXK) and NXP …” with publication date: September 30, 2016.
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