What’s Ahead for Cardinal Health Inc After Today’s Bearish Options Activity?

 What's Ahead for Cardinal Health Inc After Today's Bearish Options Activity?

In today’s session Cardinal Health Inc (CAH) recorded an unusually high (369) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CAH decrease. With 369 contracts traded and 17614 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CAH161216P00065000 closed last at: $2.65 or 71% up. About 987,763 shares traded hands. Cardinal Health Inc (NYSE:CAH) has declined 19.85% since April 5, 2016 and is downtrending. It has underperformed by 21.81% the S&P500.

Cardinal Health Inc (NYSE:CAH) Ratings Coverage

Out of 10 analysts covering Cardinal Health (NYSE:CAH), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. $107 is the highest target while $82 is the lowest. The $92.13 average target is 40.27% above today’s ($65.68) stock price. Cardinal Health has been the topic of 19 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Zacks given on Monday, August 10. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, February 11. As per Friday, September 16, the company rating was downgraded by Goldman Sachs. As per Tuesday, November 3, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Raymond James on Wednesday, January 6 to “Market Perform”. The firm has “Hold” rating by Deutsche Bank given on Thursday, August 4. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, December 17. As per Monday, March 7, the company rating was upgraded by Goldman Sachs. The company was maintained on Wednesday, August 26 by William Blair. On Tuesday, March 15 the stock rating was downgraded by Cowen & Co to “Market Perform”.

According to Zacks Investment Research, “Cardinal Health, Inc. is one of the leading providers of products and services to healthcare providers and manufacturers to help them improve the efficiency and quality of healthcare. These services and products include Pharmaceutical Distribution and Provider Services, Medical-Surgical Products and Services, Pharmaceutical Technologies and Services and Automation and Information Services.”

Insitutional Activity: The institutional sentiment decreased to 0.98 in 2016 Q2. Its down 0.04, from 1.02 in 2016Q1. The ratio is negative, as 60 funds sold all Cardinal Health Inc shares owned while 267 reduced positions. 56 funds bought stakes while 263 increased positions. They now own 267.07 million shares or 3.37% less from 276.39 million shares in 2016Q1.
Cypress Asset Inc Tx reported 9,617 shares or 0.15% of all its holdings. Cwm Ltd Liability Com holds 1.17% or 206,114 shares in its portfolio. Iowa Savings Bank holds 0.67% of its portfolio in Cardinal Health Inc (NYSE:CAH) for 19,450 shares. Coastline Tru reported 8,185 shares or 0.13% of all its holdings. Healthinvest Partners Ab has 5.72% invested in the company for 160,000 shares. Schooner Inv Grp Inc Limited, a Pennsylvania-based fund reported 2,500 shares. Ledyard Comml Bank owns 57 shares or 0% of their US portfolio. Security National Bank & Trust Of So Dak has invested 1.06% of its portfolio in Cardinal Health Inc (NYSE:CAH). Mutual Of America Mgmt Limited Co, a New York-based fund reported 39,148 shares. World Invsts last reported 64,200 shares in the company. Bridgeway reported 81,800 shares or 0.1% of all its holdings. Delta Lloyd Nv holds 22,699 shares or 0.06% of its portfolio. Barrow Hanley Mewhinney And Strauss Lc last reported 1.49% of its portfolio in the stock. Tiaa Cref Fsb Mo holds 0.02% or 31,543 shares in its portfolio. Bluemountain Capital Ltd Liability Company accumulated 24,620 shares or 0.04% of the stock.

Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 7 selling transactions for $41.79 million net activity. Shares for $800,012 were sold by LAWS STUART G on Thursday, August 18. Shares for $3.63M were sold by MORRISON PATRICIA. Shares for $20.91 million were sold by Barrett George S. $6.54M worth of Cardinal Health Inc (NYSE:CAH) was sold by WATKINS CAROLE S on Friday, May 20. Another trade for 59,180 shares valued at $4.95 million was sold by Casey Donald M Jr.. Another trade for 47,251 shares valued at $3.91M was sold by Giacomin Jon L. Morford Craig S had sold 12,697 shares worth $1.06 million on Thursday, August 11.

Cardinal Health, Inc. is a healthcare services and products company. The company has a market cap of $21.57 billion. The Firm operates through two divisions: Pharmaceutical and Medical. It has a 15.93 P/E ratio. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products.

CAH Company Profile

Cardinal Health, Inc. is a healthcare services and products company. The Firm operates through two divisions: Pharmaceutical and Medical. The Pharmaceutical segment distributes branded and generic pharmaceutical, specialty pharmaceutical, over-the-counter healthcare and consumer products. This segment also operates nuclear pharmacies and cyclotron facilities; provides pharmacy management services to hospitals, as well as medication therapy management and patient outcomes services to hospitals, other healthcare providers and payers, and provides services to healthcare companies. The Medical segment distributes a range of medical, surgical and laboratory products, and provides services to hospitals, ambulatory surgery centers, clinical laboratories and other healthcare providers. This segment also makes, sources and develops its own Cardinal Health brand medical and surgical products. It provides post-acute care management and transition services, and software to hospitals.

More notable recent Cardinal Health Inc (NYSE:CAH) news were published by: Wsj.com which released: “Cardinal Health Cuts Profit Guidance” on October 31, 2016, also Forbes.com with their article: “Cardinal Health Enters Oversold Territory” published on October 28, 2016, Seekingalpha.com published: “Dividend Aristocrats In Focus Part 27: Cardinal Health” on November 04, 2016. More interesting news about Cardinal Health Inc (NYSE:CAH) were released by: Prnewswire.com and their article: “Cardinal Health Reports First-quarter Results for Fiscal Year 2017” published on October 31, 2016 as well as Streetinsider.com‘s news article titled: “Form 4 CARDINAL HEALTH INC For: Nov 03 Filed by: DOWNEY BRUCE” with publication date: November 07, 2016.

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