Boston Scientific Corporation (NYSE:BSX) was the target of some unusual options trading activity on Tuesday. Stock investors purchased 13,236 put options on the stock. This represents an increase of approximately 1,240% compared to the average daily volume of 988 put options.
Boston Scientific (NYSE:BSX) opened at $26.28 on Friday. The firm has a market capitalization of $36,238.64, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.04 and a beta of 1.00. The company has a quick ratio of 0.50, a current ratio of 0.72 and a debt-to-equity ratio of 0.58. Boston Scientific has a one year low of $19.67 and a one year high of $29.93.
Boston Scientific (NYSE:BSX) last posted its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. Boston Scientific had a return on equity of 23.60% and a net margin of 9.55%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. Boston Scientific’s revenue was up 5.6% on a year-over-year basis. equities research analysts expect that Boston Scientific will post 1.25 EPS for the current fiscal year.
In other news, insider Valley Gold Master Fund L. Sun acquired 408,006 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was bought at an average price of $0.45 per share, for a total transaction of $183,602.70. Also, EVP Michael P. Phalen sold 15,500 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $28.72, for a total transaction of $445,160.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 414,698 shares of company stock valued at $12,013,153. Company insiders own 0.74% of the company’s stock.
Several hedge funds have recently modified their holdings of BSX. Comerica Securities Inc. grew its stake in shares of Boston Scientific by 0.9% in the second quarter. Comerica Securities Inc. now owns 11,478 shares of the medical equipment provider’s stock worth $318,000 after purchasing an additional 99 shares during the last quarter. ETRADE Capital Management LLC boosted its position in Boston Scientific by 1.7% during the 2nd quarter. ETRADE Capital Management LLC now owns 10,079 shares of the medical equipment provider’s stock valued at $279,000 after acquiring an additional 171 shares in the last quarter. BB&T Corp boosted its position in Boston Scientific by 2.8% during the 2nd quarter. BB&T Corp now owns 12,926 shares of the medical equipment provider’s stock valued at $359,000 after acquiring an additional 349 shares in the last quarter. Krilogy Financial LLC boosted its position in shares of Boston Scientific by 5.9% in the 2nd quarter. Krilogy Financial LLC now owns 7,680 shares of the medical equipment provider’s stock worth $213,000 after purchasing an additional 430 shares in the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of Boston Scientific by 3.9% in the 2nd quarter. Wetherby Asset Management Inc. now owns 13,788 shares of the medical equipment provider’s stock worth $382,000 after purchasing an additional 523 shares in the last quarter. Institutional investors own 90.55% of the company’s stock.
About Boston Scientific
Boston Scientific Corporation is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties. The Company offers its products by seven businesses: Interventional Cardiology, Cardiac Rhythm Management, Endoscopy, Peripheral Interventions, Urology and Pelvic Health, Neuromodulation, and Electrophysiology.
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