iKang Healthcare Group Inc (NASDAQ:KANG) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 464 put options on the company. This represents an increase of approximately 828% compared to the average daily volume of 50 put options.
A number of brokerages recently weighed in on KANG. TheStreet upgraded shares of iKang Healthcare Group from a “d+” rating to a “c” rating in a report on Friday, December 15th. BidaskClub downgraded shares of iKang Healthcare Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 17th.
iKang Healthcare Group (KANG) opened at $18.82 on Wednesday. iKang Healthcare Group has a 12 month low of $11.70 and a 12 month high of $19.58. The company has a quick ratio of 0.78, a current ratio of 0.80 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1,305.51, a P/E ratio of 313.33 and a beta of 0.26.
Institutional investors have recently modified their holdings of the stock. Fosun International Ltd lifted its stake in iKang Healthcare Group by 40.2% in the third quarter. Fosun International Ltd now owns 3,571,138 shares of the medical research company’s stock worth $48,139,000 after acquiring an additional 1,023,199 shares during the last quarter. Pictet Asset Management Ltd. purchased a new position in iKang Healthcare Group in the third quarter worth approximately $330,000. California Public Employees Retirement System purchased a new position in iKang Healthcare Group in the third quarter worth approximately $888,000. Maso Capital Partners Ltd lifted its stake in iKang Healthcare Group by 8.7% in the third quarter. Maso Capital Partners Ltd now owns 1,504,062 shares of the medical research company’s stock worth $20,275,000 after acquiring an additional 120,655 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in iKang Healthcare Group by 643.5% in the fourth quarter. State of Wisconsin Investment Board now owns 148,700 shares of the medical research company’s stock worth $2,349,000 after acquiring an additional 128,700 shares during the last quarter. Institutional investors own 33.50% of the company’s stock.
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iKang Healthcare Group Company Profile
iKang Healthcare Group, Inc provides preventive healthcare solutions, including a range of medical examinations services and value-added services, including disease screening, dental services and other services in China. The Company’s segments include medical examinations and other medical services, and dental services.
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