What’s in KCG Holdings, Inc. Class A After Today’s Bearish Options Activity?

 What's in KCG Holdings, Inc. Class A After Today's Bearish Options Activity?

In today’s session KCG Holdings, Inc. Class A (KCG) recorded an unusually high (974) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2017 put, expecting serious KCG decrease. With 974 contracts traded and 13254 open interest for the Apr, 17 contract, it seems this is a quite bearish bet. The option with symbol: KCG170421P00013000 closed last at: $0.54 or 21.7% down. About 6,885 shares traded hands. KCG Holdings, Inc. Class A (NYSE:KCG) has risen 17.25% since April 20, 2016 and is uptrending. It has outperformed by 12.69% the S&P500.

KCG Holdings, Inc. Class A (NYSE:KCG) Ratings Coverage

Out of 6 analysts covering KCG Holdings Inc. Class A (NYSE:KCG), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. KCG Holdings Inc. Class A has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. JP Morgan maintained KCG Holdings, Inc. Class A (NYSE:KCG) rating on Monday, November 2. JP Morgan has “Neutral” rating and $16 price target. Buckingham Research initiated KCG Holdings, Inc. Class A (NYSE:KCG) on Tuesday, June 7 with “Buy” rating. Barclays Capital maintained it with “Equal-Weight” rating and $15 target price in Tuesday, August 9 report. Wells Fargo upgraded the shares of KCG in a report on Thursday, August 20 to “Outperform” rating. Credit Suisse reinitiated KCG Holdings, Inc. Class A (NYSE:KCG) on Thursday, March 24 with “Outperform” rating. The stock of KCG Holdings, Inc. Class A (NYSE:KCG) has “Equal-Weight” rating given on Thursday, October 13 by Barclays Capital. TheStreet upgraded the shares of KCG in a report on Tuesday, September 22 to “Hold” rating. Zacks upgraded the stock to “Sell” rating in Wednesday, August 5 report.

According to Zacks Investment Research, “KCG Holdings, Inc. is a securities firm. It operates in three segments: Market Making, Global Execution Services and Corporate and Other. The company offers investors a range of services which designed to address trading needs across asset classes, product types and time zones. KCG Holdings, Inc. is headquartered in Jersey City, New Jersey.”

Insitutional Activity: The institutional sentiment decreased to 1.35 in 2016 Q2. Its down 0.01, from 1.36 in 2016Q1. The ratio turned negative, as 24 funds sold all KCG Holdings, Inc. Class A shares owned while 32 reduced positions. 26 funds bought stakes while 50 increased positions. They now own 69.46 million shares or 0.99% less from 70.16 million shares in 2016Q1.
Massachusetts Services Ma last reported 17,335 shares in the company. First Trust Advisors Limited Partnership holds 0.01% of its portfolio in KCG Holdings, Inc. Class A (NYSE:KCG) for 141,327 shares. Fincl Bank Of America Corp De accumulated 0% or 108,582 shares. The New York-based Renaissance Technologies Limited Liability Corp has invested 0% in KCG Holdings, Inc. Class A (NYSE:KCG). Invesco last reported 152,906 shares in the company. Ny State Common Retirement Fund, a New York-based fund reported 206,476 shares. Barclays Public Ltd Com holds 0% of its portfolio in KCG Holdings, Inc. Class A (NYSE:KCG) for 216,995 shares. Hightower Ltd Liability Corporation holds 0.05% of its portfolio in KCG Holdings, Inc. Class A (NYSE:KCG) for 322,350 shares. California State Teachers Retirement Sys holds 110,016 shares or 0% of its portfolio. Pdts holds 0.06% or 57,235 shares in its portfolio. Blackrock Advsrs Limited Company accumulated 25,552 shares or 0% of the stock. Prudential Financial owns 685,920 shares or 0.02% of their US portfolio. Shell Asset Mngmt Co has invested 0.05% of its portfolio in KCG Holdings, Inc. Class A (NYSE:KCG). Blackrock Group Limited has invested 0% of its portfolio in KCG Holdings, Inc. Class A (NYSE:KCG). Connor Clark & Lunn Management Limited last reported 13,600 shares in the company.

KCG Company Profile

KCG Holdings, Inc. (KCG), incorporated on December 26, 2012, is a securities firm. The Firm offers a range of services designed to address trading needs across asset classes, product types and time zones. The Firm operates through three divisions: Market Making, Global Execution Services and Corporate and Other. It combines technology with client service across market making, agency execution and trading venues and also engages in principal trading through exchange electronic market making. It has multiple access points to trade global equities, options, fixed income, currencies and commodities through voice or automated execution.

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