PAE Target of Unusually High Options Trading (NASDAQ:PAE)

PAE Incorporated (NASDAQ:PAE) saw unusually large options trading on Friday. Traders acquired 2,504 put options on the stock. This represents an increase of approximately 652% compared to the average volume of 333 put options.

PAE has been the topic of several recent research reports. Bank of America initiated coverage on PAE in a research note on Monday, September 20th. They issued a “buy” rating and a $8.00 price target on the stock. Zacks Investment Research upgraded PAE from a “sell” rating to a “hold” rating in a research note on Wednesday, October 27th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY lifted its holdings in shares of PAE by 55,382.4% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 9,432 shares of the company’s stock valued at $84,000 after buying an additional 9,415 shares during the period. SG Americas Securities LLC bought a new position in PAE in the 3rd quarter worth $153,000. Neuberger Berman Group LLC bought a new position in PAE in the 2nd quarter worth $5,464,000. Finally, River Road Asset Management LLC raised its holdings in PAE by 272.6% in the 3rd quarter. River Road Asset Management LLC now owns 3,239,194 shares of the company’s stock worth $19,370,000 after purchasing an additional 2,369,805 shares during the period. 92.98% of the stock is currently owned by hedge funds and other institutional investors.

PAE traded up $0.01 during trading on Friday, hitting $9.99. 930,291 shares of the company’s stock traded hands, compared to its average volume of 770,759. The company’s 50 day simple moving average is $9.93 and its two-hundred day simple moving average is $8.49. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 5.81. PAE has a 12-month low of $5.62 and a 12-month high of $10.11. The stock has a market capitalization of $930.24 million, a price-to-earnings ratio of 18.85, a PEG ratio of 5.98 and a beta of 1.58.

PAE (NASDAQ:PAE) last released its quarterly earnings results on Thursday, November 4th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.17. The firm had revenue of $689.51 million for the quarter, compared to analysts’ expectations of $780.13 million. PAE had a return on equity of 43.64% and a net margin of 1.73%. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities analysts expect that PAE will post 0.61 EPS for the current year.

About PAE

Gores Holdings III, Inc is a blank check investment company. Its pupose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on October 23, 2017 and is headquartered in Beverly Hills, CA.

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