Investors Buy High Volume of Put Options on Xinyuan Real Estate (XIN)

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) was the target of some unusual options trading activity on Wednesday. Traders acquired 1,574 put options on the company. This is an increase of approximately 1,669% compared to the average daily volume of 89 put options.

Xinyuan Real Estate (XIN) opened at $7.79 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.25 and a quick ratio of 2.25. The firm has a market cap of $644.40, a P/E ratio of 11.98 and a beta of 1.46. Xinyuan Real Estate has a 52-week low of $4.26 and a 52-week high of $8.29.

Xinyuan Real Estate (NYSE:XIN) last posted its quarterly earnings data on Friday, November 10th. The financial services provider reported $0.22 earnings per share for the quarter. The business had revenue of $482.37 million during the quarter. Xinyuan Real Estate had a net margin of 2.42% and a return on equity of 4.48%. During the same period in the prior year, the firm earned $0.41 EPS.

A number of hedge funds have recently modified their holdings of XIN. Jane Street Group LLC acquired a new position in Xinyuan Real Estate during the third quarter worth approximately $115,000. Advisors Preferred LLC acquired a new position in Xinyuan Real Estate during the third quarter worth approximately $128,000. Pictet Asset Management Ltd. acquired a new position in Xinyuan Real Estate during the third quarter worth approximately $320,000. New York State Common Retirement Fund acquired a new position in Xinyuan Real Estate during the third quarter worth approximately $483,000. Finally, Aperio Group LLC increased its position in Xinyuan Real Estate by 12.6% during the third quarter. Aperio Group LLC now owns 85,883 shares of the financial services provider’s stock worth $488,000 after purchasing an additional 9,636 shares during the last quarter. 15.57% of the stock is owned by hedge funds and other institutional investors.

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About Xinyuan Real Estate

Xinyuan Real Estate Co, Ltd. (Xinyuan) is a holding company and conducts business primarily through its operating subsidiaries in China. The Company is a real estate developer and property manager that primarily focuses on residential properties. Xinyuan is engaged in developing large scale residential projects, which consist of multiple residential buildings that include multi-layer apartment buildings, sub-high-rise apartment buildings or high-rise apartment buildings.

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