Stock traders buy large volume of call options on Hexcel (NYSE:HXL)

Hexcel Co. (NYSE:HXL) saw unusual options trading on Monday. Stock traders bought 6,099 call options on the company. This is an increase of approximately 5,939% over the typical volume of 101 call options.

A number of brokerages have weighed in on HXL recently. Zacks Investment Research moved Hexcel from a “hold” rating to a “sell” rating and set a price target of $57.00 for the company. in a research report on Tuesday, January 4. Loop Capital raised its price target on Hexcel from $32.00 to $40.00 and gave the stock a “sell” rating in a Wednesday, October 20 research report. They noted that the move was a review call. Morgan Stanley began covering Hexcel in a research report on Friday, December 3. They set an “underweight” rating and a price target of $55.00 for the company. Royal Bank of Canada began covering Hexcel in a research report on Thursday, October 21. They set an “industry performance” rating and a price target of $65.00 for the company. Finally, BMO Capital Markets lowered its price target on Hexcel from $57.00 to $56.00 and set a “market performance” rating for the company in a Wednesday, October 20 research report. Four investment analysts gave the stock a sell rating, eight gave the company a hold rating and one gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.91.

Hexcel stock opened at $53.14 on Tuesday. The company’s 50-day moving average is $53.82. The company has a market capitalization of $4.46 billion, a price-earnings ratio of -204.38 and a beta of 1.39. The company has a quick ratio of 1.67, a current ratio of 2.76 and a debt ratio of 0.59. Hexcel has a one-year low of $42.91 and a one-year high of $64.99.

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Separately, CEO Nick L. Stanage sold 46,562 shares of the company in a trade on Friday, November 5. The stock was sold at an average price of $61.31, for a total value of $2,854,716.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. Additionally, insider Robert George Hennemuth sold 10,000 shares of the company in a trade on Friday, November 5. The shares were sold at an average price of $60.06, for a total value of $600,600.00. The disclosure of this sale can be found here. 1.39% of the shares are currently held by insiders of the company.

Hedge funds have recently been buying and selling shares of the company. First Horizon Advisors Inc. increased its stake in Hexcel by 524.2% during the third quarter. First Horizon Advisors Inc. now owns 206 shares of the aerospace company worth $47,000 after buying 173 more shares in the last quarter. Strategic Blueprint LLC bought a new stake in Hexcel stock in Q2 valued at around $36,000. NEXT Financial Group Inc increased its stake in Hexcel shares to 92.3% in Q3. NEXT Financial Group Inc now owns 596 shares of the aerospace company valued at $35,000 after acquiring 286 additional shares in the last quarter. JTC Employer Solutions Trustee Ltd purchased a new stake in Hexcel shares in Q3 worth approximately $36,000. Finally, Rockefeller Capital Management LP increased its stake in Hexcel shares by 128.4% in the third quarter. Rockefeller Capital Management LP now owns 683 shares of the aerospace company valued at $40,000 after acquiring 384 additional shares in the last quarter. Institutional investors hold 99.37% of the company’s shares.

About Hexcel

Hexcel Corp. engages in the development, manufacture and marketing of lightweight structural materials. It includes carbon fibers, special reinforcements, prepregs and other fiber-reinforced matrix materials, honeycombs, adhesives, radio frequency/electromagnetic interference (RF/EMI) and micro-absorbing materials. waves, honeycombs and composite structures.

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