Stock Traders Purchase Large Volume of Put Options on Aaron’s (AAN)
Aaron’s, Inc. (NYSE:AAN) saw some unusual options trading activity on Friday. Stock traders acquired 1,506 put options on the company. This is an increase of 1,176% compared to the typical daily volume of 118 put options.
Institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its stake in shares of Aaron’s by 9.8% in the third quarter. Parametric Portfolio Associates LLC now owns 286,095 shares of the company’s stock worth $12,482,000 after purchasing an additional 25,507 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Aaron’s in the third quarter worth about $777,000. USA Financial Portformulas Corp purchased a new position in shares of Aaron’s in the third quarter worth about $482,000. American International Group Inc. increased its stake in shares of Aaron’s by 2.0% in the third quarter. American International Group Inc. now owns 169,836 shares of the company’s stock worth $7,410,000 after purchasing an additional 3,276 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of Aaron’s in the third quarter worth about $453,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.
Aaron’s (AAN) opened at $39.51 on Wednesday. The firm has a market cap of $2,792.23, a PE ratio of 20.76 and a beta of 0.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.35 and a quick ratio of 0.74. Aaron’s has a 12 month low of $26.12 and a 12 month high of $48.22.
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Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com.
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