Stock Traders Purchase High Volume of Call Options on Bruker (BRKR)

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Bruker Co. (NASDAQ:BRKR) was the recipient of unusually large options trading activity on Monday. Traders acquired 810 call options on the company. This is an increase of approximately 780% compared to the average volume of 92 call options.

NASDAQ BRKR opened at $35.53 on Tuesday. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 1.87 and a beta of 1.49. Bruker has a fifty-two week low of $26.10 and a fifty-two week high of $35.96. The company has a current ratio of 2.24, a quick ratio of 1.32 and a debt-to-equity ratio of 0.27.

Bruker (NASDAQ:BRKR) last posted its earnings results on Monday, February 11th. The medical research company reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. Bruker had a net margin of 5.24% and a return on equity of 27.46%. As a group, sell-side analysts predict that Bruker will post 1.4 earnings per share for the current year.

BRKR has been the topic of a number of research reports. Zacks Investment Research raised shares of Bruker from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, January 29th. Needham & Company LLC initiated coverage on shares of Bruker in a research note on Wednesday, January 2nd. They set a “strong-buy” rating and a $39.00 target price on the stock. BidaskClub raised shares of Bruker from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. Finally, ValuEngine cut shares of Bruker from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.83.

Institutional investors have recently modified their holdings of the stock. Hanseatic Management Services Inc. grew its stake in shares of Bruker by 52.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,692 shares of the medical research company’s stock worth $50,000 after purchasing an additional 579 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Bruker in the fourth quarter worth $176,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Bruker in the fourth quarter worth $192,000. Crossmark Global Holdings Inc. bought a new stake in shares of Bruker in the third quarter worth $205,000. Finally, Private Advisor Group LLC bought a new stake in shares of Bruker in the third quarter worth $210,000. 64.67% of the stock is currently owned by institutional investors.

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About Bruker

Bruker Corporation manufactures and distributes scientific instruments, and analytical and diagnostic solutions in the United States, Europe, the Asia Pacific, and internationally. The company operates in two segments, Bruker Scientific Instruments, and Bruker Energy & Supercon Technologies. It offers life science tools based on magnetic resonance technology; life science mass spectrometry and ion mobility spectrometry systems; infrared spectroscopy and radiological/nuclear detectors for chemical, biological, radiological, nuclear, and explosive detection in emergency response, homeland security, and defense applications; and research, analytical, and process analysis instruments and solutions based on infrared and Raman molecular spectroscopy technologies.

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