ADTRAN Target of Unusually Large Options Trading (ADTN)

ADTRAN, Inc. (NASDAQ:ADTN) was the recipient of unusually large options trading on Tuesday. Traders acquired 746 call options on the stock. This is an increase of 1,308% compared to the typical volume of 53 call options.

In other news, SVP Kevin P. Heering sold 9,809 shares of ADTRAN stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $21.60, for a total value of $211,874.40. Following the completion of the transaction, the senior vice president now directly owns 10,162 shares of the company’s stock, valued at approximately $219,499.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.96% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in ADTRAN by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,804 shares of the communications equipment provider’s stock valued at $141,000 after purchasing an additional 373 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in ADTRAN during the 3rd quarter valued at about $157,000. SG Americas Securities LLC acquired a new position in ADTRAN during the 3rd quarter valued at about $190,000. Suntrust Banks Inc. acquired a new position in ADTRAN during the 2nd quarter valued at about $208,000. Finally, Crossmark Global Holdings Inc. acquired a new position in ADTRAN during the 3rd quarter valued at about $211,000. 91.37% of the stock is owned by institutional investors and hedge funds.

Shares of ADTRAN (NASDAQ:ADTN) opened at $16.40 on Friday. ADTRAN has a 12-month low of $16.25 and a 12-month high of $25.10. The company has a market capitalization of $802.89, a PE ratio of 32.80, a P/E/G ratio of 2.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.98 and a quick ratio of 2.43.

ADTRAN (NASDAQ:ADTN) last issued its earnings results on Tuesday, January 16th. The communications equipment provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. ADTRAN had a return on equity of 7.95% and a net margin of 3.58%. The business had revenue of $126.52 million during the quarter, compared to analyst estimates of $125.90 million. equities analysts anticipate that ADTRAN will post 0.69 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Tuesday, January 30th. ADTRAN’s payout ratio is 72.00%.

Several research analysts have recently weighed in on ADTN shares. Zacks Investment Research raised ADTRAN from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Friday, October 20th. BidaskClub lowered ADTRAN from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. MKM Partners decreased their target price on ADTRAN from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, December 29th. Cowen reaffirmed a “hold” rating and issued a $16.00 target price on shares of ADTRAN in a research report on Friday, December 29th. Finally, Northland Securities set a $28.00 target price on ADTRAN and gave the company a “buy” rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $21.41.

ILLEGAL ACTIVITY WARNING: “ADTRAN Target of Unusually Large Options Trading (ADTN)” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.tickerreport.com/banking-finance/3148196/adtran-target-of-unusually-large-options-trading-adtn.html.

About ADTRAN

ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.

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

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.