Stock Traders Buy Large Volume of Call Options on Smith & Nephew (SNN)
Smith & Nephew plc (NYSE:SNN) was the target of some unusual options trading on Wednesday. Stock investors purchased 4,014 call options on the stock. This represents an increase of 2,649% compared to the typical volume of 146 call options.
Shares of SNN stock opened at $37.99 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.10 and a quick ratio of 1.15. The company has a market capitalization of $17.15 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.99 and a beta of 0.44. Smith & Nephew has a 1 year low of $32.22 and a 1 year high of $40.78.
The business also recently declared a semiannual dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, April 5th will be paid a $0.44 dividend. This is a boost from Smith & Nephew’s previous semiannual dividend of $0.25. This represents a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, April 4th. Smith & Nephew’s payout ratio is 42.57%.
Several hedge funds have recently modified their holdings of the stock. Iridian Asset Management LLC CT bought a new stake in shares of Smith & Nephew in the fourth quarter valued at approximately $100,574,000. Foresters Investment Management Company Inc. lifted its stake in Smith & Nephew by 49.3% during the fourth quarter. Foresters Investment Management Company Inc. now owns 840,850 shares of the medical equipment provider’s stock worth $31,431,000 after purchasing an additional 277,750 shares during the last quarter. Northern Trust Corp lifted its stake in Smith & Nephew by 1.1% during the fourth quarter. Northern Trust Corp now owns 717,704 shares of the medical equipment provider’s stock worth $26,828,000 after purchasing an additional 7,635 shares during the last quarter. Nicholas Company Inc. lifted its stake in Smith & Nephew by 6.1% during the fourth quarter. Nicholas Company Inc. now owns 461,805 shares of the medical equipment provider’s stock worth $17,262,000 after purchasing an additional 26,460 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Smith & Nephew by 506.7% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 391,860 shares of the medical equipment provider’s stock worth $14,648,000 after purchasing an additional 327,276 shares during the last quarter. Institutional investors and hedge funds own 9.38% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This story was reported by Daily Political and is the property of of Daily Political. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.dailypolitical.com/2019/04/18/stock-traders-buy-large-volume-of-call-options-on-smith-nephew-snn.html.
Smith & Nephew Company Profile
Smith & Nephew plc develops, manufactures, and sells medical devices worldwide. The company offers sports medicine joint repair products for surgeons, including an array of instruments, technologies, and implants necessary to perform minimally invasive surgery of the joints, such as the repair of soft tissue injuries and degenerative conditions of the knee, hip, and shoulder.
Recommended Story: The Role of a Fiduciary and Individual Investors
Receive News & Ratings for Smith & Nephew Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith & Nephew and related companies with MarketBeat.com's FREE daily email newsletter.