Could Ball Corporation Gain Strenght? Option Traders Don’t Think So

 Could Ball Corporation Gain Strenght? Option Traders Don't Think So

In today’s session Ball Corporation (BLL) recorded an unusually high (1,141) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious BLL decrease. With 1,141 contracts traded and 1034 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: BLL161216P00072500 closed last at: $0.5 or 16.7% down. The stock increased 1.28% or $0.98 on November 23, hitting $77.66. About 1.43M shares traded hands or 6.72% up from the average. Ball Corporation (NYSE:BLL) has risen 2.40% since April 22, 2016 and is uptrending. It has underperformed by 3.01% the S&P500.

Analysts await Ball Corporation (NYSE:BLL) to report earnings on January, 26. They expect $0.86 earnings per share, up 7.50% or $0.06 from last year’s $0.8 per share. BLL’s profit will be $151.49M for 22.58 P/E if the $0.86 EPS becomes a reality. After $0.96 actual earnings per share reported by Ball Corporation for the previous quarter, Wall Street now forecasts -10.42% negative EPS growth.

Ball Corporation (NYSE:BLL) Ratings Coverage

Out of 7 analysts covering Ball Corporation (NYSE:BLL), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Ball Corporation has been the topic of 12 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 5 by Citigroup. The stock has “Buy” rating given by Jefferies on Friday, August 5. The firm earned “Overweight” rating on Thursday, March 31 by JP Morgan. The stock of Ball Corporation (NYSE:BLL) has “Outperform” rating given on Tuesday, November 10 by Macquarie Research. Barclays Capital initiated the stock with “Equal-Weight” rating in Thursday, July 14 report. The firm has “Hold” rating given on Friday, August 5 by Vertical Research. Wells Fargo upgraded the shares of BLL in a report on Thursday, December 3 to “Outperform” rating. Citigroup initiated Ball Corporation (NYSE:BLL) rating on Friday, July 29. Citigroup has “Neutral” rating and $77 price target. The stock of Ball Corporation (NYSE:BLL) earned “Buy” rating by Jefferies on Wednesday, December 9.

According to Zacks Investment Research, “Ball is a manufacturer of metal and plastic packaging, primarily for beverages and foods, and a supplier of aerospace and other technologies and services to commercial and governmental customers.”

Insitutional Activity: The institutional sentiment decreased to 1.32 in Q2 2016. Its down 0.14, from 1.46 in 2016Q1. The ratio dived, as 36 funds sold all Ball Corporation shares owned while 104 reduced positions. 45 funds bought stakes while 159 increased positions. They now own 129.58 million shares or 10.47% more from 117.30 million shares in 2016Q1.
Atlanta Cap Management Co L L C accumulated 0.23% or 468,060 shares. The California-based Willow Creek Wealth Inc has invested 2.07% in Ball Corporation (NYSE:BLL). Northern Tru Corp has 1.70 million shares for 0.04% of their US portfolio. The Ohio-based Bartlett Company Llc has invested 0.02% in Ball Corporation (NYSE:BLL). Richard Bernstein Advsrs Ltd Liability holds 34,943 shares or 0.24% of its portfolio. Moreover, Asset Mngmt has 0.05% invested in Ball Corporation (NYSE:BLL) for 16,639 shares. Fic Cap Incorporated last reported 1.98% of its portfolio in the stock. Utd Services Automobile Association holds 53,978 shares or 0.01% of its portfolio. Loring Wolcott And Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma has invested 0% of its portfolio in Ball Corporation (NYSE:BLL). Schwab Charles Investment Management Inc has 429,021 shares for 0.04% of their US portfolio. Kcg accumulated 0.04% or 26,407 shares. Castleark Mngmt Limited Company owns 54,210 shares or 0.13% of their US portfolio. Thrivent For Lutherans last reported 0.04% of its portfolio in the stock. Charter Tru holds 40,465 shares or 0.34% of its portfolio. The Pennsylvania-based Fragasso Inc has invested 0.53% in Ball Corporation (NYSE:BLL).

Insider Transactions: Since August 8, 2016, the stock had 12 insider buys, and 2 selling transactions for $1.79 million net activity. 3,000 shares were bought by Alspaugh Robert W, worth $237,798 on Monday, August 8. $241,110 worth of shares were bought by NIEKAMP CYNTHIA A on Thursday, August 18. HEINRICH DANIEL J also bought $242,190 worth of Ball Corporation (NYSE:BLL) on Tuesday, August 9. $240,981 worth of Ball Corporation (NYSE:BLL) was bought by TAYLOR STUART A II. Mariani Pedro Henrique bought $240,540 worth of Ball Corporation (NYSE:BLL) on Wednesday, August 10. Bouts Erik bought $794,139 worth of stock. $190,337 worth of shares were bought by HAYES JOHN A on Monday, August 8.

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The company has a market cap of $13.68 billion. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. It has a 42.55 P/E ratio. The Firm operates in four divisions: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies.

BLL Company Profile

Ball Corporation (Ball), incorporated on December 19, 1922, is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. The Firm operates in four divisions: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies. The Company’s product lines include aluminum and steel beverage containers. The Firm also produces steel food, aerosol, paint, general line and decorative specialty containers, as well as extruded aluminum aerosol and beverage containers and aluminum slugs. The Firm sells its packaging products to multinational beverage, food, personal care and household products companies. The Company’s aerospace business is engaged in the designing, development and manufacturing of aerospace systems for civil, commercial and national security aerospace markets. It produces spacecraft, instruments and sensors, radio frequency systems and components, data exploitation solutions and a range of aerospace technologies and products.

More important recent Ball Corporation (NYSE:BLL) news were published by: Prnewswire.com which released: “Ball Corporation Wins Aerosol Packaging Award for Innovative ReAlâ„¢ Canmaking” on November 09, 2016, also Prnewswire.com published article titled: “Ball Corporation to Present at R.W. Baird 2016 Global Industrial Conference”, Nasdaq.com published: “Ball Corporation (BLL) Surpasses Q3 Earnings, Revenues Lag” on November 03, 2016. More interesting news about Ball Corporation (NYSE:BLL) was released by: Zacks.com and their article: “Ball Corporation (BLL) Q3 Earnings: A Surprise in Store?” with publication date: November 01, 2016.

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