Stock traders are buying a high volume of SIGA Technologies call options (NASDAQ:SIGA)


SIGA Technologies, Inc. (NASDAQ:SIGA – Get Rating) was the beneficiary of some unusual options trades on Wednesday. Traders bought 1,200 call options on the stock. This is a 1,438% increase from the typical daily volume of 78 call options.

SIGA has been the subject of a number of recent analyst reports. TheStreet upgraded SIGA Technologies from a “c+” rating to a “b” rating in a report released on Monday. Zacks Investment Research downgraded SIGA Technologies from a “buy” rating to a “hold” rating in a Thursday, January 6 report.

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its stake in SIGA Technologies by 149.6% in the fourth quarter. Barclays PLC now owns 58,561 shares in the company worth $440,000 after buying an additional 35,101 shares last quarter. Millennium Management LLC increased its stake in SIGA Technologies by 17.1% in the fourth quarter. Millennium Management LLC now owns 74,220 shares of the company worth $558,000 after purchasing an additional 10,837 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in SIGA Technologies by 67.8% in the fourth quarter. Cubist Systematic Strategies LLC now owns 29,276 shares of the company worth $220,000 after purchasing an additional 11,830 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in SIGA Technologies in the fourth quarter worth $410,000. Finally, DE Shaw & Co. Inc. increased its stake in SIGA Technologies by 1,367.9% in the fourth quarter. DE Shaw & Co. Inc. now owns 147,335 shares of the company worth $1,107,000 after purchasing an additional 137,298 shares in the last quarter. Institutional investors and hedge funds hold 33.45% of the company’s shares.

Shares of SIGA Technologies opened at $7.18 on Thursday. The company has a market capitalization of $524.36 million, a PE ratio of 7.80 and a beta of 0.50. The company has a 50-day moving average of $6.79 and a 200-day moving average of $7.16. SIGA Technologies has a 52-week low of $5.66 and a 52-week high of $9.82.

SIGA Technologies (NASDAQ:SIGA – Get Rating) last announced its results on Thursday, March 3. The company reported EPS of $0.98 for the quarter. The company had revenue of $115.40 million in the quarter. SIGA Technologies achieved a return on equity of 53.39% and a net margin of 51.94%. On average, equity analysts expect SIGA Technologies to post 0.64 EPS for the current year.

About SIGA Technologies (Get a rating)

SIGA Technologies, Inc., a commercial-stage pharmaceutical company, is focused on the United States health security and infectious disease markets. Its lead product is TPOXX, an orally formulated antiviral drug for the treatment of human smallpox caused by variola virus. SIGA Technologies, Inc has entered into a strategic partnership with Cipla Therapeutics to provide sustained innovation and access to antibacterial drugs primarily against biothreats.

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