Allergan plc Ordinary Shares Has Another Very Negative Options Trading Session

In today’s session Allergan plc Ordinary Shares (AGN) recorded an unusually high (502) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the February, 2016 put, expecting serious AGN decrease. With 502 contracts traded and 7754 open interest for the Feb, 16 contract, it seems this is a quite bearish bet. The option with symbol: AGN160219P00295000 closed last at: $21.1 or 40.7% up. The stock decreased 0.98% or $2.74 during the last trading session, hitting $275.24. About 3.45 million shares traded hands or 25.45% up from the average. Allergan plc Ordinary Shares (NYSE:AGN) has declined 13.11% since July 16, 2015 and is downtrending. It has underperformed by 4.12% the S&P500.

Analysts await Allergan plc Ordinary Shares (NYSE:AGN) to reports earnings on February, 22 before the open. They expect $3.35 EPS, down 14.32% or $0.56 from last year’s $3.91 per share. AGN’s profit will be $1.33B for 20.54 P/E if the $3.35 EPS becomes reality. After $3.48 actual EPS reported by Allergan plc Ordinary Shares for the previous quarter, Wall Street now forecasts -3.74% negative EPS growth.

Out of 15 analysts covering Allergan Inc. (NYSE:AGN), 0 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means NaN are positive. Allergan Inc. was the topic in 22 analyst reports since July 29, 2015 according to StockzIntelligence Inc.

The institutional sentiment decreased to 0.55 in 2015 Q3. Its down 5.45, from 6 in 2015Q2. The ratio dived, as 14 funds sold all Allergan plc Ordinary Shares shares owned while 6 reduced positions. 6 funds bought stakes while 5 increased positions. They now own 68,008 shares or 81.40% less from 365,652 shares in 2015Q2.

Peregrine Asset Advisers Inc. holds 3.11% of its portfolio in Allergan plc Ordinary Shares for 11,219 shares. Chartist Inc Ca owns 2,012 shares or 1.95% of their US portfolio. Moreover, Altavista Wealth Management Inc. has 1.78% invested in the company for 9,960 shares. The Virginia-based Old Dominion Capital Management Inc has invested 1.51% in the stock. Mitchell Mcleod Pugh & Williams Inc, a Alabama-based fund reported 4,175 shares.

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