Traders Purchase High Volume of Put Options on Bitauto Holdings Limited (BITA)

Bitauto Holdings Limited (NYSE:BITA) was the target of some unusual options trading activity on Monday. Investors purchased 2,763 put options on the company. This is an increase of Infinity compared to the average volume of 0 put options.

A number of large investors have recently made changes to their positions in BITA. Advisors Preferred LLC bought a new stake in shares of Bitauto Holdings Limited during the third quarter worth $105,000. BNP Paribas Arbitrage SA grew its stake in shares of Bitauto Holdings Limited by 13,684.2% during the third quarter. BNP Paribas Arbitrage SA now owns 2,619 shares of the information services provider’s stock worth $117,000 after buying an additional 2,600 shares during the last quarter. Clarkston Capital Partners LLC bought a new stake in shares of Bitauto Holdings Limited during the third quarter worth $223,000. Fox Run Management L.L.C. bought a new stake in shares of Bitauto Holdings Limited during the second quarter worth $250,000. Finally, Aperio Group LLC bought a new stake in shares of Bitauto Holdings Limited during the third quarter worth $296,000. 19.83% of the stock is currently owned by institutional investors and hedge funds.

BITA has been the topic of a number of recent analyst reports. BidaskClub cut shares of Bitauto Holdings Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine raised shares of Bitauto Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research cut shares of Bitauto Holdings Limited from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th.

Bitauto Holdings Limited (NYSE:BITA) opened at $47.58 on Thursday. The stock has a market cap of $3,435.16, a P/E ratio of 242.85 and a beta of 3.18. Bitauto Holdings Limited has a one year low of $16.56 and a one year high of $54.42.

Bitauto Holdings Limited (NYSE:BITA) last announced its quarterly earnings data on Tuesday, August 15th. The information services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.05). The firm had revenue of $320.20 million during the quarter, compared to the consensus estimate of $282.86 million. Bitauto Holdings Limited had a negative net margin of 4.76% and a positive return on equity of 3.85%. The business’s revenue was up 52.9% compared to the same quarter last year. During the same period last year, the business earned $0.20 earnings per share. equities analysts anticipate that Bitauto Holdings Limited will post -0.28 EPS for the current fiscal year.

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Bitauto Holdings Limited Company Profile

Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.

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