CIRCOR International Sees Unusually High Options Volume (NYSE:CIR)


Share on StockTwits

CIRCOR International, Inc. (NYSE:CIR) was the recipient of unusually large options trading on Monday. Stock investors acquired 2,764 put options on the stock. This represents an increase of 27,540% compared to the average volume of 10 put options.

Shares of NYSE CIR opened at $33.03 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.54 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $665.72 million, a PE ratio of -3.89 and a beta of 2.65. The stock’s fifty day simple moving average is $36.02 and its two-hundred day simple moving average is $34.35. CIRCOR International has a 12-month low of $9.31 and a 12-month high of $43.20.

CIRCOR International (NYSE:CIR) last announced its earnings results on Wednesday, March 3rd. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.04). The company had revenue of $208.35 million for the quarter, compared to the consensus estimate of $209.15 million. CIRCOR International had a negative net margin of 21.05% and a positive return on equity of 11.03%. On average, equities analysts predict that CIRCOR International will post 1.49 earnings per share for the current fiscal year.

In other news, VP Tanya Dawkins sold 1,046 shares of the stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $39.69, for a total value of $41,515.74. Following the sale, the vice president now directly owns 2,284 shares in the company, valued at $90,651.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Sumit Mehrotra sold 4,097 shares of the stock in a transaction that occurred on Wednesday, March 10th. The stock was sold at an average price of $39.26, for a total value of $160,848.22. Following the completion of the sale, the insider now owns 21,953 shares in the company, valued at $861,874.78. The disclosure for this sale can be found here. Corporate insiders own 3.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kennedy Capital Management Inc. boosted its position in CIRCOR International by 7.7% during the 4th quarter. Kennedy Capital Management Inc. now owns 270,170 shares of the industrial products company’s stock valued at $10,385,000 after acquiring an additional 19,291 shares in the last quarter. Rhumbline Advisers boosted its position in CIRCOR International by 10.6% during the 4th quarter. Rhumbline Advisers now owns 67,311 shares of the industrial products company’s stock valued at $2,587,000 after acquiring an additional 6,462 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of CIRCOR International by 2.0% in the 3rd quarter. California State Teachers Retirement System now owns 30,077 shares of the industrial products company’s stock worth $823,000 after purchasing an additional 589 shares in the last quarter. State of Tennessee Treasury Department boosted its position in shares of CIRCOR International by 60.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 10,683 shares of the industrial products company’s stock worth $292,000 after purchasing an additional 4,026 shares in the last quarter. Finally, Cim Investment Mangement Inc. acquired a new stake in shares of CIRCOR International in the 4th quarter worth $266,000. 98.05% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on CIR. TheStreet upgraded CIRCOR International from a “d+” rating to a “c-” rating in a report on Monday, March 22nd. Zacks Investment Research downgraded CIRCOR International from a “hold” rating to a “sell” rating in a report on Wednesday, February 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. CIRCOR International presently has an average rating of “Hold” and a consensus price target of $37.00.

About CIRCOR International

CIRCOR International, Inc designs, manufactures, and distributes flow and motion control products. The company has a product portfolio of brands serving its customers' demanding applications. It operates through two segments, Aerospace & Defense and Industrial. The Aerospace & Defense segment manufactures and markets control valves, pumps, regulators, fluid controls, actuation systems, pneumatic valves and controls, electro-mechanical controls, motors, and other flow control products and systems.

Featured Story: Nikkei 225 Index

Receive News & Ratings for CIRCOR International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CIRCOR International and related companies with MarketBeat.com's FREE daily email newsletter.