In today’s session Arctic Cat Inc (ACAT) recorded an unusually high (523) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ACAT decrease. With 523 contracts traded and 6854 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ACAT161118P00015000 closed last at: $1 or 5.3% up. About 55,092 shares traded hands. Arctic Cat Inc (NASDAQ:ACAT) has declined 3.91% since April 8, 2016 and is downtrending. It has underperformed by 9.56% the S&P500.
Arctic Cat Inc (NASDAQ:ACAT) Ratings Coverage
Out of 6 analysts covering Arctic Cat (NASDAQ:ACAT), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. $19 is the highest target while $10 is the lowest. The $14.67 average target is 2.44% above today’s ($14.32) stock price. Arctic Cat has been the topic of 12 analyst reports since October 22, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Jefferies given on Friday, September 30. The stock of Arctic Cat Inc (NASDAQ:ACAT) earned “Hold” rating by Wunderlich on Thursday, October 22. Wedbush maintained the shares of ACAT in a report on Friday, January 29 with “Neutral” rating. The rating was downgraded by Raymond James on Monday, January 11 to “Mkt Perform”. The stock has “Hold” rating given by Wunderlich on Wednesday, September 14. The rating was maintained by Wunderlich on Tuesday, December 15 with “Hold”. The firm earned “Sell” rating on Friday, March 11 by Wunderlich. The stock of Arctic Cat Inc (NASDAQ:ACAT) earned “Neutral” rating by Northcoast on Friday, June 17. The rating was upgraded by BMO Capital Markets on Monday, October 26 to “Market Perform”. The stock of Arctic Cat Inc (NASDAQ:ACAT) has “Sell” rating given on Thursday, May 12 by Wunderlich.
According to Zacks Investment Research, “Arctic Cat, Inc. operates in a single industry segment and designs, engineers , manufactures and markets snowmobiles and all-terrain vehicles under the Arctic Cat brand name, as well as related parts, garments and accessories. The company markets its products through a network of independent dealers located throughout the contiguous United States and Canada, and through distributors representing dealers in Alaska, Europe, the Middle East, Asia and other international markets.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.56, from 1.49 in 2016Q1. The ratio fall, as 16 funds sold all Arctic Cat Inc shares owned while 26 reduced positions. 5 funds bought stakes while 34 increased positions. They now own 12.49 million shares or 0.67% less from 12.57 million shares in 2016Q1.
Kanaly accumulated 0.05% or 15,578 shares. Kempen Cap Mgmt Nv accumulated 15,183 shares or 0.03% of the stock. Vantage Inv Advsrs Limited Liability Company has invested 0% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT). Geode Cap Limited Com has 0% invested in the company for 91,136 shares. Landscape Capital Mgmt Limited Liability Corporation last reported 0.09% of its portfolio in the stock. The Massachusetts-based Panagora Asset Mgmt has invested 0% in Arctic Cat Inc (NASDAQ:ACAT). The Manitoba – Canada-based Great West Life Assurance Commerce Can has invested 0% in Arctic Cat Inc (NASDAQ:ACAT). Fuller And Thaler Asset Mngmt holds 0.05% of its portfolio in Arctic Cat Inc (NASDAQ:ACAT) for 156,400 shares. Da Davidson, a Montana-based fund reported 28 shares. Guggenheim Capital Ltd Liability accumulated 53,479 shares or 0% of the stock. Teton Advisors reported 25,684 shares or 0.04% of all its holdings. Dimensional Fund Advisors Lp last reported 0.01% of its portfolio in the stock. Gp Inc holds 9,740 shares or 0% of its portfolio. Segall Bryant & Hamill Limited Liability Co, a Illinois-based fund reported 327,259 shares. The New York-based New York State Common Retirement Fund has invested 0% in Arctic Cat Inc (NASDAQ:ACAT).
Insider Transactions: Since August 3, 2016, the stock had 1 buying transaction, and 0 sales for $74,450 net activity. $74,450 worth of Arctic Cat Inc (NASDAQ:ACAT) shares were bought by DUFF ANDREW S.
Arctic Cat Inc. designs, engineers, makes and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The company has a market cap of $181.47 million. The Firm offers its products under the Arctic Cat and MotorFist brand names. It currently has negative earnings. The Firm operates through two divisions: snowmobile and ATV/ROV, and PG&A.
ACAT Company Profile
Arctic Cat Inc. (Arctic Cat), incorporated on October 29, 1982, designs, engineers, makes and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles (side-by-sides or ROVs), as well as related parts, garments and accessories (PG&A). The Firm offers its products under the Arctic Cat and MotorFist brand names. The Firm operates through two divisions: snowmobile and ATV/ROV, and PG&A. The Firm markets its products through a network of independent dealers located throughout the United States, Canada and Europe, and through distributors representing dealers in Europe, Russia, South America, the Middle East, China, Asia and other international markets.
More important recent Arctic Cat Inc (NASDAQ:ACAT) news were published by: Fool.com which released: “Better Buy: Polaris Industries Inc. vs. Arctic Cat” on September 22, 2016, also Businesswire.com published article titled: “Arctic Cat Completes Headquarters Move to Minneapolis”, Businesswire.com published: “Arctic Cat Introduces Second Wave of 2017 ATV and ROV Models” on September 16, 2016. More interesting news about Arctic Cat Inc (NASDAQ:ACAT) was released by: Law360.com and their article: “Arctic Cat Defends $46.7M Verdict, Says Patent Not Obvious” with publication date: July 13, 2016.
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