Time to Sell Smith & Wesson Holding Corp After Today’s Option Traders Bearish Bets?

 Time to Sell Smith & Wesson Holding Corp After Today's Option Traders Bearish Bets?

In today’s session Smith & Wesson Holding Corp (SWHC) recorded an unusually high (221) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious SWHC decrease. With 221 contracts traded and 3824 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: SWHC170120P00020000 closed last at: $1.2 or 20% up. About 1.93M shares traded hands. Smith & Wesson Holding Corp (NASDAQ:SWHC) has risen 4.15% since April 13, 2016 and is uptrending. It has outperformed by 0.22% the S&P500.

Smith & Wesson Holding Corp (NASDAQ:SWHC) Ratings Coverage

Out of 9 analysts covering Smith & Wesson Holding Corp (NASDAQ:SWHC), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. Smith & Wesson Holding Corp has been the topic of 24 analyst reports since July 24, 2015 according to StockzIntelligence Inc. BB&T Capital upgraded the shares of SWHC in a report on Tuesday, January 5 to “Buy” rating. The firm earned “Outperform” rating on Friday, June 17 by Cowen & Co. The firm earned “Market Perform” rating on Monday, April 4 by Cowen & Co. The firm has “Hold” rating by BB&T Capital given on Friday, July 24. The stock of Smith & Wesson Holding Corp (NASDAQ:SWHC) earned “Outperform” rating by Cowen & Co on Saturday, August 29. The firm has “Sector Perform” rating given on Wednesday, December 9 by RBC Capital Markets. The company was maintained on Friday, June 17 by Wunderlich. Lake Street maintained it with “Buy” rating and $27 target price in Wednesday, December 9 report. Craig Hallum upgraded the stock to “Buy” rating in Friday, June 17 report. The company was downgraded on Monday, April 4 by CL King.

According to Zacks Investment Research, “Smith & Wesson Holding Corporation is one of the world’s leading producers of quality handguns, law enforcement products and firearm safety and security products. Law enforcement personnel, military personnel, target shooters, hunters, collectors and firearms enthusiasts throughout the world have used the company’s products with confidence for 150 years. Smith & Wesson Corp. also manufactures and markets Smith & Wesson branded handcuffs and other products utilizing its metal working expertise and providing products and services to many external customers.”

Insitutional Activity: The institutional sentiment decreased to 1.11 in Q2 2016. Its down 0.24, from 1.35 in 2016Q1. The ratio fall, as 40 funds sold all Smith & Wesson Holding Corp shares owned while 55 reduced positions. 31 funds bought stakes while 74 increased positions. They now own 36.64 million shares or 18.43% less from 44.91 million shares in 2016Q1.
Qcm Cayman accumulated 0.14% or 11,550 shares. Aqr Capital Management last reported 383,111 shares in the company. Canada Pension Plan Inv Board accumulated 0.04% or 365,905 shares. Loomis Sayles & Co L P holds 519 shares or 0% of its portfolio. Ifrah Financial last reported 0.21% of its portfolio in the stock. Guggenheim Capital Llc has 9,576 shares for 0% of their US portfolio. State Teachers Retirement has 0% invested in the company for 4,700 shares. Moreover, Nationwide Fund has 0% invested in Smith & Wesson Holding Corp (NASDAQ:SWHC) for 35,980 shares. Sensible Financial Planning Mngmt Ltd Liability owns 500 shares or 0.01% of their US portfolio. Concorde Asset Ltd Com accumulated 0.24% or 8,760 shares. Plante Moran Advsrs Limited Liability has invested 0.01% of its portfolio in Smith & Wesson Holding Corp (NASDAQ:SWHC). Prudential owns 240,419 shares or 0.01% of their US portfolio. Swiss Retail Bank last reported 96,850 shares in the company. Art Lc has 55,118 shares for 0.07% of their US portfolio. Northern Trust Corporation owns 731,743 shares or 0.01% of their US portfolio.

Insider Transactions: Since June 30, 2016, the stock had 0 insider purchases, and 8 selling transactions for $6.24 million net activity. Another trade for 3,000 shares valued at $76,050 was made by SALTZ MITCHELL A on Thursday, October 6. 54,200 shares were sold by Golden Michael F, worth $1.46M. WADECKI ISABELL MARIE sold $185,250 worth of Smith & Wesson Holding Corp (NASDAQ:SWHC) on Tuesday, November 8. 21,507 shares were sold by Smith Mark Peter, worth $582,231 on Thursday, June 30. Another trade for 19,679 shares valued at $585,450 was sold by FURMAN JOHN B. BUCHANAN JEFFREY D had sold 58,645 shares worth $1.64M on Thursday, June 30. Another trade for 20,386 shares valued at $551,853 was sold by Cicero Robert J..

Smith & Wesson Holding Corporation is a maker of firearms and a well-known provider of accessory products for the shooting, hunting and rugged outdoor enthusiast. The company has a market cap of $1.48 billion. The Firm operates through two divisions: firearms and accessories. It has a 11.83 P/E ratio. The firearm segment includes firearms, handcuffs and other related products sold through a distribution chain and direct sales to clients and international, state and federal governments.

SWHC Company Profile

Smith & Wesson Holding Corporation, incorporated on June 17, 1991, is a maker of firearms and a well-known provider of accessory products for the shooting, hunting and rugged outdoor enthusiast. The Firm operates through two divisions: firearms and accessories. The firearm segment consists of services and products manufactured and sold from its Springfield, Massachusetts; Houlton, Maine, and Deep River, Connecticut facilities, which include firearms, handcuffs and other related products sold through a distribution chain and direct sales to clients and international, state and federal governments. The accessories segment consists of shooting, hunting and outdoor accessories developed and marketed from its Columbia, Missouri facility. The Firm makes an array of handguns, including revolvers and pistols; long guns, including modern sporting rifles, bolt action rifles and single shot rifles; handcuffs, and firearm-related products and accessories. The Firm also provides shooting, hunting and outdoor accessories, including reloading, gunsmithing, gun cleaning supplies, tree saws and vault accessories. The Firm sells its products under the Smith & Wesson, M&P, Thompson/Center Arms, Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Frankford Arsenal Reloading Tools, Lockdown Vault Accessories, Hooyman Premium Tree Saws, BOG-POD and Golden Rod Moisture Control brands.

More notable recent Smith & Wesson Holding Corp (NASDAQ:SWHC) news were published by: Investorplace.com which released: “Smith & Wesson Holding Corp (SWHC) Will Scare the Bears” on November 14, 2016, also Fool.com with their article: “This Analyst Just Gave Smith & Wesson Holding Corp Investors a Huge Opportunity” published on October 12, 2016, Fool.com published: “How Risky Is Smith & Wesson Holding Corp Stock?” on August 24, 2016. More interesting news about Smith & Wesson Holding Corp (NASDAQ:SWHC) were released by: Fool.com and their article: “Forget Smith & Wesson Holding Corp.: These 2 Stocks Are Better Buys” published on August 29, 2016 as well as Bloomberg.com‘s news article titled: “Trump Can’t Make Smith & Wesson Guns Sell” with publication date: November 10, 2016.

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