Aggressive’ Bearish Options Activity Seen in Sturm Ruger & Company Inc

 Aggressive' Bearish Options Activity Seen in Sturm Ruger & Company Inc

In today’s session Sturm Ruger & Company Inc (RGR) recorded an unusually high (189) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious RGR decrease. With 189 contracts traded and 3534 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: RGR161118P00055000 closed last at: $0.3 or 60% down. About 116,882 shares traded hands. Sturm Ruger & Company Inc (NYSE:RGR) has declined 4.43% since April 4, 2016 and is downtrending. It has underperformed by 5.52% the S&P500.

Sturm Ruger & Company Inc (NYSE:RGR) Ratings Coverage

Out of 2 analysts covering Sturm Ruger (NYSE:RGR), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Sturm Ruger has been the topic of 4 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Tuesday, August 4, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Hold” rating on Monday, June 6 by BB&T Capital. The stock of Sturm Ruger & Company Inc (NYSE:RGR) earned “Buy” rating by BB&T Capital on Friday, July 24. The stock of Sturm Ruger & Company Inc (NYSE:RGR) earned “Buy” rating by Dougherty & Company on Thursday, February 25.

According to Zacks Investment Research, “Sturm Ruger & Co. is principally engaged in the design, manufacture, and sale of firearms and precision metal investment castings. The company is the only U.S. firearms manufacturer which offers products in all four industry categories. The company’s firearms consist of single-shot, autoloading, bolt-action, lever action, and muzzleloading rifles in a range of hunting calibers; shotguns in three gauges; .22 caliber rimfire autoloading pistols and centerfire autoloading pistols in various calibers; single and double-action, and muzzleloading revolvers.”

Insitutional Activity: The institutional sentiment decreased to 0.88 in Q2 2016. Its down 1.26, from 2.14 in 2016Q1. The ratio dived, as 31 funds sold all Sturm Ruger & Company Inc shares owned while 61 reduced positions. 23 funds bought stakes while 58 increased positions. They now own 12.81 million shares or 1.35% less from 12.98 million shares in 2016Q1.
The New York-based Tower Capital Limited Liability Company (Trc) has invested 0% in Sturm Ruger & Company Inc (NYSE:RGR). Dimensional Fund Advsr L P has invested 0.02% of its portfolio in Sturm Ruger & Company Inc (NYSE:RGR). Whittier Trust has 0% invested in the company for 500 shares. First Citizens Bancorp Tru has 0.03% invested in the company for 5,563 shares. Edge Wealth Management Ltd Com reported 4,500 shares or 0.12% of all its holdings. Pinebridge Invests Ltd Partnership has 0.01% invested in the company for 2,405 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 414 shares or 0% of the stock. Synovus Fincl has 682 shares for 0% of their US portfolio. Goldman Sachs Grp Inc Inc last reported 0% of its portfolio in the stock. The United Kingdom-based Legal And General Gru Public Limited Com has invested 0% in Sturm Ruger & Company Inc (NYSE:RGR). River Road Asset Mngmt has 7,905 shares for 0.01% of their US portfolio. Jpmorgan Chase And Com last reported 0% of its portfolio in the stock. Schwab Charles Inv Mgmt has invested 0.01% of its portfolio in Sturm Ruger & Company Inc (NYSE:RGR). Landscape Cap Mgmt Limited Liability Company owns 11,608 shares or 0.1% of their US portfolio. Springbok Cap Mgmt Lc has 0% invested in the company for 400 shares.

Insider Transactions: Since October 7, 2016, the stock had 0 buys, and 1 insider sale for $277,850 net activity. Sullivan Thomas Patrick sold $277,850 worth of stock or 5,000 shares.

Sturm, Ruger & Company, Inc. and subsidiary, is engaged in the design, manufacture and sale of firearms to domestic customers. The company has a market cap of $1.22 billion. The Firm operates through two divisions: firearms and castings. It has a 14.73 P/E ratio. The firearms segment makes and sells rifles, pistols and revolvers to a range of federally licensed, independent wholesale distributors located in the United States.

RGR Company Profile

Sturm, Ruger & Company, Inc., incorporated on February 26, 1969, and subsidiary, is engaged in the design, manufacture and sale of firearms to domestic customers. The Firm operates through two divisions: firearms and castings. The firearms segment makes and sells rifles, pistols and revolvers to a range of federally licensed, independent wholesale distributors located in the United States. The castings segment makes and sells steel investment castings, and metal injection molding parts. The Company’s castings segment provides castings and MIM parts for the Company’s firearms segment. In addition, the castings segment produces some products for various clients in a range of industries.

More notable recent Sturm Ruger & Company Inc (NYSE:RGR) news were published by: Businesswire.com which released: “Sturm, Ruger & Company, Inc. Reports Third Quarter Diluted Earnings of $1.03 …” on November 01, 2016, also Businesswire.com with their article: “Sturm, Ruger & Company, Inc. to Report Third Quarter Results and File …” published on October 18, 2016, Businesswire.com published: “Sturm, Ruger & Company, Inc. Reports Second Quarter Diluted Earnings of $1.22 …” on August 02, 2016. More interesting news about Sturm Ruger & Company Inc (NYSE:RGR) were released by: Businesswire.com and their article: “Sturm, Ruger & Company, Inc. Appoints Sandra S. Froman to Its Board of Directors” published on December 01, 2015 as well as Businesswire.com‘s news article titled: “Sturm, Ruger & Company, Inc. to Report Second Quarter Results on Tuesday, August 2” with publication date: July 19, 2016.

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