Could Chicago Bridge & Iron Company N.V. Increase After Today’s Tip From Option Traders?

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In today’s session Chicago Bridge & Iron Company N.V. (CBI) recorded an unusually high (151) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the April, 2016 put, expecting serious CBI decrease. With 151 contracts traded and 30044 open interest for the Apr, 16 contract, it seems this is a quite bearish bet. The option with symbol: CBI160415P00030000 closed last at: $1 or 4.8% down. The stock decreased 1.96% or $0.77 on December 11, hitting $38.48. About 1.59M shares traded hands. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 18.25% since May 8, 2015 and is downtrending. It has underperformed by 15.23% the S&P500.

Out of 16 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 12 rate it “Buy”, 2 “Sell”, while 6 “Hold”. This means 60% are positive. Chicago Bridge & Iron Company was the topic in 12 analyst reports since August 14, 2015 according to StockzIntelligence Inc.

The institutional sentiment decreased to 1.09 in 2015 Q3. Its down 0.05, from 1.14 in 2015Q2. The ratio is negative, as 70 funds sold all Chicago Bridge & Iron Company N.V. shares owned while 134 reduced positions. 59 funds bought stakes while 163 increased positions. They now own 87.42 million shares or 12.84% more from 77.48 million shares in 2015Q2.

Candlewood Investment Group Lp holds 8.29% of its portfolio in Chicago Bridge & Iron Company N.V. for 250,000 shares. Minneapolis Portfolio Management Group Llc owns 847,193 shares or 5.62% of their US portfolio. Moreover, Van Den Berg Management I Inc has 5.41% invested in the company for 1.06 million shares. The Tennessee-based Southernsun Asset Management Llc has invested 5.31% in the stock. Greenlight Capital Inc, a New York-based fund reported 7.48 million shares.

Chicago Bridge and Iron Company N.V

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