Could KCG Holdings, Inc. Class A Change Direction After Today’s Bearish Options Activity?

 Could KCG Holdings, Inc. Class A Change Direction After Today's Bearish Options Activity?

In today’s session KCG Holdings, Inc. Class A (KCG) recorded an unusually high (210) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious KCG decrease. With 210 contracts traded and 8874 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: KCG170421P00013000 closed last at: $0.74 or 12.1% up. About 186,113 shares traded hands. KCG Holdings, Inc. Class A (NYSE:KCG) has risen 11.11% since March 29, 2016 and is uptrending. It has outperformed by 7.64% the S&P500.

Analysts await KCG Holdings, Inc. Class A (NYSE:KCG) to report earnings on November, 4. They expect $0.11 earnings per share, down 77.08% or $0.37 from last year’s $0.48 per share. KCG’s profit will be $9.57M for 29.52 P/E if the $0.11 EPS becomes a reality. After $0.38 actual earnings per share reported by KCG Holdings, Inc. Class A for the previous quarter, Wall Street now forecasts -71.05% negative EPS growth.

KCG Holdings, Inc. Class A (NYSE:KCG) Ratings Coverage

Out of 6 analysts covering KCG Holdings Inc. Class A (NYSE:KCG), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $16 is the highest target while $3.50 is the lowest. The $11.83 average target is -8.93% below today’s ($12.99) stock price. KCG Holdings Inc. Class A has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. TheStreet upgraded KCG Holdings, Inc. Class A (NYSE:KCG) on Tuesday, September 22 to “Hold” rating. Barclays Capital maintained the shares of KCG in a report on Thursday, October 13 with “Equal-Weight” rating. The stock has “Neutral” rating given by JP Morgan on Monday, November 2. On Tuesday, June 7 the stock rating was initiated by Buckingham Research with “Buy”. The rating was reinitiated by Credit Suisse on Thursday, March 24 with “Outperform”. The rating was upgraded by Wells Fargo on Thursday, August 20 to “Outperform”. Zacks upgraded KCG Holdings, Inc. Class A (NYSE:KCG) on Wednesday, August 5 to “Sell” rating. The company was maintained on Tuesday, August 9 by Barclays Capital.

According to Zacks Investment Research, “KCG Holdings, Inc. is a securities firm. It operates in three segments: Market Making, Global Execution Services and Corporate and Other. The company offers investors a range of services which designed to address trading needs across asset classes, product types and time zones. KCG Holdings, Inc. is headquartered in Jersey City, New Jersey.”

Insitutional Activity: The institutional sentiment increased to 1.36 in Q2 2016. Its up 0.17, from 1.19 in 2016Q1. The ratio increased, as 24 funds sold all KCG Holdings, Inc. Class A shares owned while 32 reduced positions. 26 funds bought stakes while 50 increased positions. They now own 69.46 million shares or 0.99% less from 70.16 million shares in 2016Q1.
Adirondack Research & Mgmt holds 436,428 shares or 2.18% of its portfolio. Moreover, Ubs Asset Mgmt Americas has 0% invested in KCG Holdings, Inc. Class A (NYSE:KCG) for 54,003 shares. Fmr Llc has 0% invested in the company for 150,644 shares. Stevens Capital Management Limited Partnership last reported 0.01% of its portfolio in the stock. Oxford Asset Management accumulated 376,904 shares or 0.21% of the stock. Blackrock Inv Limited Liability Corp last reported 0% of its portfolio in the stock. Envestnet Asset Management Inc owns 2,215 shares or 0% of their US portfolio. First Tru Advisors Limited Partnership has 0.01% invested in the company for 141,327 shares. Rhumbline Advisers last reported 0% of its portfolio in the stock. Penn Cap Management Incorporated accumulated 507,930 shares or 0.39% of the stock. Blackrock Fund has 0% invested in the company for 1.38M shares. Bnp Paribas Arbitrage accumulated 3,134 shares or 0% of the stock. The Georgia-based Invesco Ltd has invested 0% in KCG Holdings, Inc. Class A (NYSE:KCG). D E Shaw accumulated 0.02% or 653,263 shares. Numeric Investors Ltd Company owns 1.13M shares or 0.13% of their US portfolio.

KCG Company Profile

KCG Holdings, Inc. (KCG), incorporated on December 26, 2012, is a securities firm. The Firm offers a range of services designed to address trading needs across asset classes, product types and time zones. The Firm operates through three divisions: Market Making, Global Execution Services and Corporate and Other. It combines technology with client service across market making, agency execution and trading venues and also engages in principal trading through exchange electronic market making. It has multiple access points to trade global equities, options, fixed income, currencies and commodities through voice or automated execution.

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