Traders Purchase Large Volume of American Capital Agency Corp. Put Options (AGNC)
American Capital Agency Corp. (NASDAQ:AGNC) was the recipient of some unusual options trading on Monday. Traders bought 7,785 put options on the stock, American Banking & Market News reports. This represents an increase of 125% compared to the average daily volume of 3,453 put options.
A number of analysts have recently weighed in on AGNC shares. Analysts at Sandler O’Neill downgraded shares of American Capital Agency Corp. (NASDAQ:AGNC) from a “hold” rating to a “sell” rating in a research note to investors on Monday. Separately, analysts at Nomura cut their price target on shares of American Capital Agency Corp. (NASDAQ:AGNC) from $32.00 to $22.00 in a research note to investors on Friday, August 2nd. Finally, analysts at Jefferies Group cut their price target on shares of American Capital Agency Corp. (NASDAQ:AGNC) from $22.00 to $21.00 in a research note to investors on Wednesday, July 31st. They now have a “hold” rating on the stock.
Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $26.38.
Shares of American Capital Agency Corp. (NASDAQ:AGNC) traded down 1.90% during mid-day trading on Monday, hitting $23.29. The stock had a trading volume of 8,623,608 shares. American Capital Agency Corp. has a 52-week low of $20.20 and a 52-week high of $36.77. The stock’s 50-day moving average is $22.53 and its 200-day moving average is $26.97. The company has a market cap of $9.227 billion and a price-to-earnings ratio of 2.88.
American Capital Agency Corp. (NASDAQ:AGNC) last announced its earnings results on Tuesday, July 30th. The company reported $4.61 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.45 by $3.16. The company had revenue of $414.00 million for the quarter, compared to the consensus estimate of $22.10 million. During the same quarter last year, the company posted $1.58 earnings per share. American Capital Agency Corp.’s revenue was up 7.8% compared to the same quarter last year.
American Capital Agency Corp. (NASDAQ:AGNC) is a real estate investment trust (REIT).
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