Traders Purchase High Volume of Call Options on iKang Healthcare Group (KANG)
iKang Healthcare Group Inc (NASDAQ:KANG) saw unusually large options trading activity on Monday. Stock investors bought 452 call options on the company. This is an increase of 666% compared to the average volume of 59 call options.
iKang Healthcare Group (NASDAQ KANG) opened at $14.62 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.30. iKang Healthcare Group has a 52 week low of $11.70 and a 52 week high of $18.41.
iKang Healthcare Group (NASDAQ:KANG) last issued its earnings results on Thursday, September 14th. The medical research company reported $0.06 EPS for the quarter. iKang Healthcare Group had a negative net margin of 2.16% and a negative return on equity of 2.68%. The company had revenue of $115.60 million for the quarter.
A number of hedge funds have recently modified their holdings of the business. California Public Employees Retirement System purchased a new position in iKang Healthcare Group during the third quarter worth about $888,000. Fosun International Ltd raised its stake in iKang Healthcare Group by 40.2% during the third quarter. Fosun International Ltd now owns 3,571,138 shares of the medical research company’s stock worth $48,139,000 after purchasing an additional 1,023,199 shares during the period. Maso Capital Partners Ltd raised its stake in iKang Healthcare Group by 8.7% during 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 purchasing an additional 120,655 shares during the period. Pictet Asset Management Ltd. purchased a new position in iKang Healthcare Group during the third quarter worth about $330,000. Finally, GLG Partners LP raised its stake in iKang Healthcare Group by 15.5% during the second quarter. GLG Partners LP now owns 1,754,570 shares of the medical research company’s stock worth $21,529,000 after purchasing an additional 235,056 shares during the period. 33.11% of the stock is currently owned by institutional investors.
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About iKang Healthcare Group
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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