Koppers Holdings Inc. (NYSE:KOP) was the recipient of unusually large options trading on Thursday. Investors purchased 1,021 call options on the stock. This represents an increase of 1,574% compared to the average volume of 61 call options.
In other news, CEO M Leroy Ball acquired 4,000 shares of Koppers stock in a transaction that occurred on Thursday, December 13th. The shares were purchased at an average cost of $17.24 per share, for a total transaction of $68,960.00. Following the completion of the purchase, the chief executive officer now directly owns 155,038 shares of the company’s stock, valued at approximately $2,672,855.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP R. Michael Johnson acquired 50,000 shares of Koppers stock in a transaction that occurred on Monday, December 17th. The shares were purchased at an average price of $17.35 per share, for a total transaction of $867,500.00. Following the completion of the purchase, the vice president now directly owns 161,534 shares of the company’s stock, valued at $2,802,614.90. The disclosure for this purchase can be found here. Insiders have purchased 73,000 shares of company stock worth $1,265,210 over the last 90 days. 8.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in Koppers by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 671,438 shares of the specialty chemicals company’s stock worth $20,915,000 after buying an additional 20,898 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Koppers by 32.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,907,866 shares of the specialty chemicals company’s stock worth $59,430,000 after acquiring an additional 469,269 shares during the period. SG Americas Securities LLC grew its holdings in Koppers by 246.1% during the third quarter. SG Americas Securities LLC now owns 19,411 shares of the specialty chemicals company’s stock worth $605,000 after acquiring an additional 13,803 shares during the period. B. Riley Financial Inc. grew its holdings in Koppers by 80.9% during the third quarter. B. Riley Financial Inc. now owns 14,195 shares of the specialty chemicals company’s stock worth $442,000 after acquiring an additional 6,348 shares during the period. Finally, Northern Trust Corp grew its holdings in Koppers by 1.0% during the second quarter. Northern Trust Corp now owns 314,045 shares of the specialty chemicals company’s stock worth $12,044,000 after acquiring an additional 3,203 shares during the period. 92.49% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE KOP opened at $24.83 on Friday. Koppers has a 1-year low of $15.00 and a 1-year high of $46.30. The company has a current ratio of 2.14, a quick ratio of 1.12 and a debt-to-equity ratio of 12.97. The firm has a market capitalization of $519.89 million, a price-to-earnings ratio of 7.82, a P/E/G ratio of 0.37 and a beta of 1.10.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2019/02/22/koppers-sees-unusually-high-options-volume-kop.html.
Koppers Company Profile
Koppers Holdings Inc, through its subsidiaries, provides treated wood products, wood treatment chemicals, and carbon compounds in the United States and internationally. The company operates through three segments: Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC).
Read More: Do stock splits help investors?
Receive News & Ratings for Koppers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koppers and related companies with MarketBeat.com's FREE daily email newsletter.