Platform Specialty Products Corporation (NYSE:PAH) saw some unusual options trading on Friday. Traders bought 7,686 call options on the company. This represents an increase of approximately 288% compared to the typical volume of 1,981 call options.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Platform Specialty Products Corporation by 20,109.1% in the first quarter. BlackRock Inc. now owns 10,392,944 shares of the specialty chemicals company’s stock worth $135,317,000 after buying an additional 10,341,517 shares during the last quarter. First National Bank of Omaha bought a new position in Platform Specialty Products Corporation during the second quarter worth $134,000. Schwab Charles Investment Management Inc. raised its position in Platform Specialty Products Corporation by 23.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 751,124 shares of the specialty chemicals company’s stock worth $9,780,000 after buying an additional 143,873 shares during the last quarter. Bray Capital Advisors raised its position in Platform Specialty Products Corporation by 66.9% in the second quarter. Bray Capital Advisors now owns 36,715 shares of the specialty chemicals company’s stock worth $466,000 after buying an additional 14,715 shares during the last quarter. Finally, Bank of America Corp DE raised its position in Platform Specialty Products Corporation by 56.7% in the first quarter. Bank of America Corp DE now owns 516,858 shares of the specialty chemicals company’s stock worth $6,730,000 after buying an additional 186,929 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

A number of analysts recently commented on the company. BidaskClub cut Platform Specialty Products Corporation from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research upgraded Platform Specialty Products Corporation from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine upgraded Platform Specialty Products Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Instinet upped their price objective on Platform Specialty Products Corporation from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, May 9th. Finally, UBS AG reiterated a “buy” rating and set a $17.00 price objective (up previously from $16.00) on shares of Platform Specialty Products Corporation in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Platform Specialty Products Corporation has an average rating of “Buy” and an average target price of $13.10.

Shares of Platform Specialty Products Corporation (PAH) opened at 12.90 on Monday. Platform Specialty Products Corporation has a 12-month low of $6.85 and a 12-month high of $14.82. The firm’s 50-day moving average price is $13.20 and its 200 day moving average price is $13.02. The company’s market cap is $3.70 billion.

Platform Specialty Products Corporation (NYSE:PAH) last released its quarterly earnings data on Wednesday, August 9th. The specialty chemicals company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $941.10 million during the quarter, compared to analyst estimates of $933.32 million. Platform Specialty Products Corporation had a positive return on equity of 7.15% and a negative net margin of 0.26%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, analysts predict that Platform Specialty Products Corporation will post $0.79 earnings per share for the current year.

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