Silgan Holdings Inc. on Focus After Bullish Options Activity

 Silgan Holdings Inc. on Focus After Bullish Options Activity

In today’s session Silgan Holdings Inc. (SLGN) registered an unusually high (3,500) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious SLGN increase. With 3,500 contracts traded and 10174 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: SLGN161118C00070000 closed last at: $0.25 or 0% . About 85,364 shares traded hands. Silgan Holdings Inc. (NASDAQ:SLGN) has declined 4.21% since April 14, 2016 and is downtrending. It has underperformed by 8.90% the S&P500.

Silgan Holdings Inc. (NASDAQ:SLGN) Ratings Coverage

Out of 10 analysts covering Silgan Holdings Inc. (NASDAQ:SLGN), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. $60.0 is the highest target while $50 is the lowest. The $53 average target is 6.32% above today’s ($49.85) stock price. Silgan Holdings Inc. has been the topic of 14 analyst reports since September 15, 2015 according to StockzIntelligence Inc. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) earned “Equal Weight” rating by Barclays Capital on Monday, October 26. JP Morgan initiated the shares of SLGN in a report on Tuesday, September 13 with “Neutral” rating. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) has “Neutral” rating given on Thursday, May 12 by Goldman Sachs. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) earned “Neutral” rating by Citigroup on Tuesday, July 19. Bank of America downgraded the stock to “Neutral” rating in Tuesday, September 15 report. The company was downgraded on Friday, March 18 by Bank of America. The stock has “Outperform” rating given by Robert W. Baird on Tuesday, January 5. As per Tuesday, November 10, the company rating was initiated by Macquarie Research. On Monday, September 21 the stock rating was downgraded by Zacks to “Sell”. The stock of Silgan Holdings Inc. (NASDAQ:SLGN) has “Neutral” rating given on Tuesday, August 2 by Citigroup.

According to Zacks Investment Research, “SILGAN HOLDINGS is a holding company. Through its wholly owned subsidiaries, the company is engaged in the packaging industry and has three business units: Metal Food Container Business, Plastic Container Business and Specialty Packaging Business.”

Insitutional Activity: The institutional sentiment decreased to 1.35 in 2016 Q2. Its down 0.22, from 1.57 in 2016Q1. The ratio is negative, as 23 funds sold all Silgan Holdings Inc. shares owned while 52 reduced positions. 17 funds bought stakes while 84 increased positions. They now own 40.53 million shares or 0.02% more from 40.52 million shares in 2016Q1.
The California-based Blackrock Institutional Trust Co Na has invested 0.01% in Silgan Holdings Inc. (NASDAQ:SLGN). Ibm Retirement Fund has invested 0.01% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). Teachers Advsrs, a New York-based fund reported 32,839 shares. First Mercantile Trust owns 8,100 shares or 0.05% of their US portfolio. Eulav Asset last reported 0.63% of its portfolio in the stock. Putnam Invs Ltd Liability owns 264,260 shares or 0.03% of their US portfolio. Teachers Retirement Systems Of The State Of Kentucky has invested 0.05% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). Royal National Bank Of Canada reported 253,616 shares or 0.01% of all its holdings. The United Kingdom-based Hsbc Public Limited Liability Corporation has invested 0% in Silgan Holdings Inc. (NASDAQ:SLGN). Fiera Cap holds 0.3% or 1.05 million shares in its portfolio. Blackrock Fund Advsr holds 1.47 million shares or 0.02% of its portfolio. Pine River Capital Mngmt Ltd Partnership owns 18,915 shares or 0.01% of their US portfolio. Jlb Associates accumulated 104,995 shares or 1.53% of the stock. Mutual Of America Management has invested 0.03% of its portfolio in Silgan Holdings Inc. (NASDAQ:SLGN). Bnp Paribas Arbitrage holds 16,477 shares or 0% of its portfolio.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 3 selling transactions for $137,675 net activity. 1,221 shares with value of $59,194 were sold by Andreacchi Anthony P on Tuesday, August 30. Prinzen B Frederik sold $48,049 worth of stock.

Silgan Holdings Inc. is a manufacturer of rigid packaging for shelf-stable food and other consumer goods products. The company has a market cap of $3.03 billion. The Firm operates through three divisions: metal container, closures and plastic container. It has a 19.41 P/E ratio. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products.

SLGN Company Profile

Silgan Holdings Inc. (Silgan), incorporated on April 6, 1989, is a maker of rigid packaging for shelf-stable food and other consumer goods products. The Firm operates through three divisions: metal container, closures and plastic container. The Company’s products include steel and aluminum containers for human and pet food and general line products; metal, composite and plastic closures for food and beverage products, and custom designed plastic containers and closures for personal care, food, healthcare, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive and marine chemical products. It operates approximately 90 manufacturing plants in North America, Europe, Asia and South America.

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