CAI International Inc (NYSE:CAI) was the target of some unusual options trading on Tuesday. Stock traders bought 3,925 put options on the company. This is an increase of approximately 7,448% compared to the average volume of 52 put options.

CAI has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of CAI International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 1st. Cowen decreased their price objective on shares of CAI International from $40.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, October 31st. Wells Fargo & Co set a $24.00 price objective on shares of CAI International and gave the company a “hold” rating in a report on Wednesday, October 31st. Finally, ValuEngine raised shares of CAI International from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $29.50.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. lifted its stake in shares of CAI International by 17.9% during the 4th quarter. Citigroup Inc. now owns 6,234 shares of the transportation company’s stock valued at $145,000 after buying an additional 947 shares in the last quarter. Monarch Partners Asset Management LLC purchased a new position in CAI International during the third quarter valued at $282,000. MetLife Investment Advisors LLC increased its position in CAI International by 53.5% during the third quarter. MetLife Investment Advisors LLC now owns 12,444 shares of the transportation company’s stock worth $285,000 after purchasing an additional 4,337 shares during the last quarter. Bailard Inc. purchased a new position in shares of CAI International in the fourth quarter valued at approximately $316,000. Finally, Alps Advisors Inc. acquired a new stake in CAI International during the third quarter worth approximately $414,000. 86.74% of the stock is owned by institutional investors and hedge funds.

Shares of CAI International stock opened at $25.69 on Thursday. CAI International has a one year low of $19.35 and a one year high of $27.43. The stock has a market capitalization of $486.90 million, a P/E ratio of 8.95, a PEG ratio of 0.72 and a beta of 1.85. The company has a debt-to-equity ratio of 3.00, a current ratio of 0.41 and a quick ratio of 0.41.

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About CAI International

CAI International, Inc operates as transportation finance and logistics company in the United States and internationally. The company operates through three segments: Container Leasing, Rail Leasing, and Logistics. It leases, re-leases, and disposes equipment; and contracts for the repair, repositioning, and storage of equipment.

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