Major Move Is Coming For Lexmark International Inc After Bearish Options Activity

 Major Move Is Coming For Lexmark International Inc After Bearish Options Activity

In today’s session Lexmark International Inc (LXK) recorded an unusually high (245) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious LXK decrease. With 245 contracts traded and 1654 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: LXK170421P00038000 closed last at: $0.85 or 88.9% up. About 216,866 shares traded hands. Lexmark International Inc (NYSE:LXK) has risen 18.70% since March 31, 2016 and is uptrending. It has outperformed by 16.17% the S&P500.

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 rating was upgraded by Credit Suisse to “Neutral” on Thursday, February 18. The rating was downgraded by Standpoint Research to “Hold” on Friday, October 23. The firm has “Neutral” rating by Citigroup given on Wednesday, October 7. The stock of Lexmark International Inc (NYSE:LXK) earned “Hold” rating by Standpoint Research on Wednesday, August 26. Standpoint Research downgraded the shares of LXK in a report on Wednesday, April 20 to “Hold” rating. The firm earned “Buy” rating on Thursday, January 7 by Standpoint Research. The stock of Lexmark International Inc (NYSE:LXK) earned “Market Perform” rating by Bernstein on Wednesday, August 5.

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 2016 Q2. Its up 0.19, from 1.02 in 2016Q1. The ratio increased, 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.
Ladenburg Thalmann Service last reported 2,029 shares in the company. Invesco reported 86,235 shares or 0% of all its holdings. Taconic Advsrs Limited Partnership last reported 0.87% of its portfolio in the stock. State Treasurer State Of Michigan holds 0.01% of its portfolio in Lexmark International Inc (NYSE:LXK) for 25,100 shares. Prudential Fincl holds 39,543 shares or 0% of its portfolio. Princeton Alpha Mngmt Ltd Partnership has invested 0.15% of its portfolio in Lexmark International Inc (NYSE:LXK). Ls Investment Advisors Ltd Liability Co reported 3,761 shares or 0.01% of all its holdings. First New York Securities Ltd Company Ny holds 46,310 shares or 0% of its portfolio. Los Angeles Management And Equity Research Inc owns 177,100 shares or 0.06% of their US portfolio. Alpine Associates Mgmt Incorporated, a New Jersey-based fund reported 1.01M shares. Principal Fincl Gp last reported 0.01% of its portfolio in the stock. Great West Life Assurance Com Can holds 0.05% of its portfolio in Lexmark International Inc (NYSE:LXK) for 385,242 shares. Legal General Grp Incorporated Public Ltd last reported 59,853 shares in the company. Moreover, Ibm Retirement Fund has 0.01% invested in Lexmark International Inc (NYSE:LXK) for 6,247 shares. Cornerstone Advsr last reported 0% of its portfolio in 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 $2.49 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, Prnewswire.com published: “Lexmark reports third quarter results” on October 28, 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 Natlawreview.com‘s news article titled: “CFIUS Clearance: Consortium led by Apex Technology and Lexmark International Inc.” with publication date: October 04, 2016.

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