Traders Buy Large Volume of DENTSPLY SIRONA Put Options (XRAY)

DENTSPLY SIRONA Inc (NASDAQ:XRAY) saw some unusual options trading on Wednesday. Stock investors acquired 8,491 put options on the stock. This is an increase of approximately 3,831% compared to the average daily volume of 216 put options.

A number of large investors have recently made changes to their positions in the business. MAI Capital Management boosted its holdings in DENTSPLY SIRONA by 27.2% in the second quarter. MAI Capital Management now owns 6,159 shares of the medical instruments supplier’s stock worth $270,000 after acquiring an additional 1,316 shares in the last quarter. Northwest Investment Counselors LLC boosted its holdings in DENTSPLY SIRONA by 21.0% in the second quarter. Northwest Investment Counselors LLC now owns 7,582 shares of the medical instruments supplier’s stock worth $332,000 after acquiring an additional 1,318 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in DENTSPLY SIRONA by 4.7% in the second quarter. CIBC Asset Management Inc now owns 29,581 shares of the medical instruments supplier’s stock worth $1,295,000 after acquiring an additional 1,330 shares in the last quarter. Exane Asset Management boosted its holdings in DENTSPLY SIRONA by 41.3% in the second quarter. Exane Asset Management now owns 4,678 shares of the medical instruments supplier’s stock worth $205,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Comerica Bank boosted its holdings in DENTSPLY SIRONA by 2.3% in the second quarter. Comerica Bank now owns 61,333 shares of the medical instruments supplier’s stock worth $2,803,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 97.90% of the company’s stock.

Shares of DENTSPLY SIRONA stock opened at $36.80 on Friday. DENTSPLY SIRONA has a one year low of $33.93 and a one year high of $68.98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.69. The stock has a market cap of $7.90 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 2.06 and a beta of 1.15.

DENTSPLY SIRONA (NASDAQ:XRAY) last announced its earnings results on Thursday, November 8th. The medical instruments supplier reported $0.38 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.08). DENTSPLY SIRONA had a negative net margin of 39.62% and a positive return on equity of 9.12%. The business had revenue of $928.40 million for the quarter, compared to the consensus estimate of $951.58 million. During the same quarter in the previous year, the company earned $0.70 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. Equities research analysts expect that DENTSPLY SIRONA will post 2.07 earnings per share for the current fiscal year.

XRAY has been the subject of several recent research reports. BidaskClub cut DENTSPLY SIRONA from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. TheStreet lowered DENTSPLY SIRONA from a “c-” rating to a “d+” rating in a research report on Tuesday, August 14th. Jefferies Financial Group cut their target price on DENTSPLY SIRONA from $58.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. Stephens lowered DENTSPLY SIRONA from an “overweight” rating to an “equal weight” rating and set a $75.00 target price on the stock. in a research report on Wednesday, August 8th. Finally, ValuEngine lowered DENTSPLY SIRONA from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. DENTSPLY SIRONA presently has an average rating of “Hold” and an average target price of $51.50.

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DENTSPLY SIRONA Company Profile

DENTSPLY SIRONA Inc designs, develops, manufactures, and markets various dental and oral health products, and other consumable healthcare products primarily for the professional dental market worldwide. The company operates in two segments, Technologies & Equipment; and Consumables. Its dental supplies include endodontic instruments and materials, dental anesthetics, prophylaxis pastes, dental sealants, impression materials, restorative materials, tooth whiteners, and topical fluoride products; and small equipment products comprise dental hand pieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.

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