Could Ball Corporation Rise Even More? The Stock Had Bullish Options Activity

 Could Ball Corporation Rise Even More? The Stock Had Bullish Options Activity

In today’s session Ball Corporation (BLL) registered an unusually high (263) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BLL increase. With 263 contracts traded and 53724 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BLL161118C00080000 closed last at: $1.15 or 28.1% down. About 645,819 shares traded hands. Ball Corporation (NYSE:BLL) has risen 8.70% since March 30, 2016 and is uptrending. It has outperformed by 5.69% the S&P500.

Analysts await Ball Corporation (NYSE:BLL) to report earnings on November, 3. They expect $0.91 EPS, down 17.27% or $0.19 from last year’s $1.1 per share. BLL’s profit will be $158.50M for 21.10 P/E if the $0.91 EPS becomes a reality. After $1.05 actual EPS reported by Ball Corporation for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.

Ball Corporation (NYSE:BLL) Ratings Coverage

Out of 7 analysts covering Ball Corporation (NYSE:BLL), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Ball Corporation has been the topic of 12 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, July 14 by Barclays Capital. The stock of Ball Corporation (NYSE:BLL) earned “Neutral” rating by Citigroup on Friday, August 5. The company was initiated on Friday, July 29 by Citigroup. Jefferies upgraded Ball Corporation (NYSE:BLL) on Wednesday, December 9 to “Buy” rating. The firm has “Buy” rating given on Friday, August 5 by Jefferies. The stock has “Outperform” rating given by Wells Fargo on Thursday, December 3. The firm has “Outperform” rating given on Tuesday, November 10 by Macquarie Research. The stock of Ball Corporation (NYSE:BLL) earned “Hold” rating by Vertical Research on Friday, August 5. The firm has “Overweight” rating by JP Morgan given on Thursday, March 31.

According to Zacks Investment Research, “Ball is a manufacturer of metal and plastic packaging, primarily for beverages and foods, and a supplier of aerospace and other technologies and services to commercial and governmental customers.”

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.43, from 1.03 in 2016Q1. The ratio increased, as 36 funds sold all Ball Corporation shares owned while 104 reduced positions. 45 funds bought stakes while 159 increased positions. They now own 129.58 million shares or 10.47% more from 117.30 million shares in 2016Q1.
Rs Investment Mngmt Limited Liability Corp accumulated 441,617 shares or 0.33% of the stock. The North Carolina-based Triangle Wealth has invested 0.19% in Ball Corporation (NYSE:BLL). Envestnet Asset Mngmt accumulated 2,564 shares or 0% of the stock. Ls Investment Advisors Llc reported 8,309 shares or 0.04% of all its holdings. Moreover, Fiduciary Tru Company has 0.07% invested in Ball Corporation (NYSE:BLL) for 26,075 shares. X Comm Ltd Liability Company holds 1,102 shares or 0% of its portfolio. London Of Virginia holds 0.17% of its portfolio in Ball Corporation (NYSE:BLL) for 306,670 shares. Moreover, Geode Cap Mgmt Llc has 0.05% invested in Ball Corporation (NYSE:BLL) for 1.37 million shares. Great West Life Assurance Com Can last reported 0.03% of its portfolio in the stock. Crestwood Ltd Liability last reported 3,500 shares in the company. Ig Inv Mngmt Ltd accumulated 0.01% or 19,265 shares. Aperio Grp Incorporated Ltd has 0.04% invested in the company for 68,715 shares. Janus Cap Lc reported 3.79M shares or 0.23% of all its holdings. Royal London Asset Mngmt accumulated 0.06% or 49,581 shares. Point72 Asset L P reported 663,000 shares or 0.33% of all its holdings.

Insider Transactions: Since May 2, 2016, the stock had 13 buys, and 3 sales for $2.15 million net activity. $240,433 worth of Ball Corporation (NYSE:BLL) shares were bought by SMART GEORGE M. The insider FIEDLER HANNO C bought 7,000 shares worth $502,390. $240,310 worth of Ball Corporation (NYSE:BLL) was bought by CAVE MICHAEL J. STRAIN ROBERT D bought $14,272 worth of stock. On Monday, August 8 Bouts Erik bought $794,139 worth of the stock or 10,000 shares. Mariani Pedro Henrique bought 3,000 shares worth $240,540. $237,798 worth of Ball Corporation (NYSE:BLL) shares were bought by Alspaugh Robert W.

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The company has a market cap of $13.38 billion. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. It has a 35.87 P/E ratio. The Firm operates in four divisions: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies.

BLL Company Profile

Ball Corporation (Ball), incorporated on December 19, 1922, is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. The Firm operates in four divisions: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies. The Company’s product lines include aluminum and steel beverage containers. The Firm also produces steel food, aerosol, paint, general line and decorative specialty containers, as well as extruded aluminum aerosol and beverage containers and aluminum slugs. The Firm sells its packaging products to multinational beverage, food, personal care and household products companies. The Company’s aerospace business is engaged in the designing, development and manufacturing of aerospace systems for civil, commercial and national security aerospace markets. It produces spacecraft, instruments and sensors, radio frequency systems and components, data exploitation solutions and a range of aerospace technologies and products.

More news for Ball Corporation (NYSE:BLL) were recently published by: Zacks.com, which released: “Why Ball Corporation (BLL) Might Surprise This Earnings Season” on November 01, 2016. Prnewswire.com‘s article titled: “Ball Corporation Declares Quarterly Dividend” and published on October 26, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment