Today’s Shorts Alert: Ball Corporation (NYSE:BLL)’s Stock Is Sell After More Market Selling

November 25, 2016 - By Darrin Black   ·   0 Comments

Today's Shorts Alert: Ball Corporation (NYSE:BLL)'s Stock Is Sell After More Market Selling

The stock of Ball Corporation (NYSE:BLL) registered an increase of 0.74% in short interest. BLL’s total short interest was 13.56M shares in November as published by FINRA. Its up 0.74% from 13.46M shares, reported previously. With 1.27 million shares average volume, it will take short sellers 11 days to cover their BLL’s short positions. The short interest to Ball Corporation’s float is 7.95%. The stock decreased 0.79% or $0.61 during the last trading session, hitting $77.05. About 603,420 shares traded hands. Ball Corporation (NYSE:BLL) has risen 2.40% since April 22, 2016 and is uptrending. It has underperformed by 3.01% the S&P500.

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The company has a market cap of $13.64 billion. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. It has a 42.21 P/E ratio. The Firm operates in four divisions: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies.

Insitutional Activity: The institutional sentiment decreased to 1.32 in Q2 2016. Its down 0.14, from 1.46 in 2016Q1. The ratio fall, as 36 funds sold all Ball Corporation shares owned while 104 reduced positions. 45 funds bought stakes while 159 increased positions. They now own 129.58 million shares or 10.47% more from 117.30 million shares in 2016Q1.
Gulf Intl Financial Bank (Uk) holds 0.05% of its portfolio in Ball Corporation (NYSE:BLL) for 38,857 shares. The Texas-based Highland Capital L P has invested 0.1% in Ball Corporation (NYSE:BLL). Voya Investment Management Llc holds 0.02% of its portfolio in Ball Corporation (NYSE:BLL) for 118,148 shares. State Treasurer State Of Michigan last reported 49,300 shares in the company. Echo Street Mgmt Ltd Liability Corp has 0.02% invested in the company for 6,941 shares. Sei Invests holds 0.02% of its portfolio in Ball Corporation (NYSE:BLL) for 50,696 shares. Trustmark Comml Bank Department last reported 0.05% of its portfolio in the stock. Alliancebernstein L P has 0.02% invested in the company for 269,790 shares. Evercore Wealth Mngmt Limited Liability Company accumulated 0% or 400 shares. Bb&T Corporation accumulated 0.01% or 4,466 shares. Strs Ohio accumulated 0% or 14,002 shares. Moreover, Calvert Invest Mngmt Incorporated has 0.07% invested in Ball Corporation (NYSE:BLL) for 18,855 shares. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.05% of its portfolio in Ball Corporation (NYSE:BLL). California State Teachers Retirement System has 0.06% invested in the company for 361,836 shares. Teacher Retirement System Of Texas accumulated 9,636 shares or 0% of the stock.

Insider Transactions: Since August 8, 2016, the stock had 12 insider purchases, and 2 insider sales for $1.79 million net activity. The insider NELSON GEORGIA R bought 3,000 shares worth $240,909. Another trade for 10,000 shares valued at $794,139 was made by Bouts Erik on Monday, August 8. FIEDLER HANNO C also bought $237,960 worth of Ball Corporation (NYSE:BLL) shares. 3,000 shares were bought by Mariani Pedro Henrique, worth $240,540. HAYES JOHN A also bought $190,337 worth of Ball Corporation (NYSE:BLL) shares. On Wednesday, August 24 the insider Barker Shawn M sold $1.29M. Another trade for 3,000 shares valued at $240,310 was bought by CAVE MICHAEL J.

Ball Corporation (NYSE:BLL) Ratings Coverage

Out of 7 analysts covering Ball Corporation (NYSE:BLL), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Ball Corporation has been the topic of 12 analyst reports since October 15, 2015 according to StockzIntelligence Inc. As per Thursday, July 14, the company rating was initiated by Barclays Capital. The firm earned “Neutral” rating on Friday, July 29 by Citigroup. The company was downgraded on Friday, August 5 by Vertical Research. Macquarie Research upgraded the stock to “Outperform” rating in Tuesday, November 10 report. Wells Fargo upgraded Ball Corporation (NYSE:BLL) on Thursday, December 3 to “Outperform” rating. The rating was maintained by Citigroup on Friday, August 5 with “Neutral”. The company was maintained on Friday, August 5 by Jefferies. JP Morgan upgraded Ball Corporation (NYSE:BLL) on Thursday, March 31 to “Overweight” rating. On Wednesday, December 9 the stock rating was upgraded by Jefferies to “Buy”.

BLL Company Profile

Ball Corporation (Ball), incorporated on December 19, 1922, is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. The Firm operates in four divisions: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies. The Company’s product lines include aluminum and steel beverage containers. The Firm also produces steel food, aerosol, paint, general line and decorative specialty containers, as well as extruded aluminum aerosol and beverage containers and aluminum slugs. The Firm sells its packaging products to multinational beverage, food, personal care and household products companies. The Company’s aerospace business is engaged in the designing, development and manufacturing of aerospace systems for civil, commercial and national security aerospace markets. It produces spacecraft, instruments and sensors, radio frequency systems and components, data exploitation solutions and a range of aerospace technologies and products.

More recent Ball Corporation (NYSE:BLL) news were published by: Prnewswire.com which released: “Ball Corporation Wins Aerosol Packaging Award for Innovative ReAlâ„¢ Canmaking” on November 09, 2016. Also Prnewswire.com published the news titled: “Ball Corporation to Present at R.W. Baird 2016 Global Industrial Conference” on November 01, 2016. Nasdaq.com‘s news article titled: “Ball Corporation (BLL) Surpasses Q3 Earnings, Revenues Lag” with publication date: November 03, 2016 was also an interesting one.

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By Darrin Black


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