Stock Traders Purchase Large Volume of Put Options on SPX FLOW (NYSE:FLOW)

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SPX FLOW, Inc. (NYSE:FLOWGet Rating) was the recipient of some unusual options trading on Wednesday. Traders acquired 5,199 put options on the stock. This is an increase of 8,285% compared to the average volume of 62 put options.

FLOW has been the topic of several recent analyst reports. StockNews.com began coverage on SPX FLOW in a research report on Thursday. They set a “hold” rating on the stock. Seaport Res Ptn reaffirmed a “neutral” rating on shares of SPX FLOW in a research report on Tuesday, February 22nd. Finally, Zacks Investment Research lowered SPX FLOW from a “buy” rating to a “sell” rating in a research report on Monday, February 21st. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $81.00.

Shares of NYSE:FLOW opened at $86.49 on Friday. The business has a 50 day moving average price of $86.26 and a 200 day moving average price of $84.59. SPX FLOW has a twelve month low of $60.92 and a twelve month high of $88.55. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 54.40 and a beta of 1.61. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 0.36.

SPX FLOW (NYSE:FLOWGet Rating) last announced its earnings results on Wednesday, February 16th. The industrial products company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.17). SPX FLOW had a net margin of 4.36% and a return on equity of 11.34%. The business had revenue of $394.00 million for the quarter, compared to the consensus estimate of $399.50 million. During the same quarter in the previous year, the company earned $0.56 EPS. SPX FLOW’s revenue for the quarter was down .5% compared to the same quarter last year. Analysts anticipate that SPX FLOW will post 3.78 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of SPX FLOW by 1.4% in the 1st quarter. FMR LLC now owns 1,004,760 shares of the industrial products company’s stock worth $32,051,000 after buying an additional 13,672 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of SPX FLOW by 307.0% in the 1st quarter. First Trust Advisors LP now owns 41,803 shares of the industrial products company’s stock worth $1,334,000 after buying an additional 31,532 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of SPX FLOW by 56.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 438,370 shares of the industrial products company’s stock worth $13,984,000 after buying an additional 157,943 shares in the last quarter. Morgan Stanley raised its holdings in shares of SPX FLOW by 20.4% in the 2nd quarter. Morgan Stanley now owns 255,131 shares of the industrial products company’s stock worth $16,646,000 after buying an additional 43,238 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in shares of SPX FLOW by 9.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 14,805 shares of the industrial products company’s stock worth $1,083,000 after buying an additional 1,243 shares in the last quarter. Institutional investors own 96.39% of the company’s stock.

About SPX FLOW (Get Rating)

SPX FLOW, Inc, together with its subsidiaries, researches, designs, develops, delivers, and services process technology solutions that perform mixing, blending, fluid handling, separation, thermal heat transfer, and other activities. It operates in two segments, Nutrition and Health segment, and Precision Solutions.

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