Investors Buy High Volume of Xunlei Call Options (NASDAQ:XNET)

Xunlei Limited (NASDAQ:XNET) was the recipient of some unusual options trading on Thursday. Stock traders bought 3,896 call options on the stock. This represents an increase of approximately 518% compared to the average volume of 630 call options.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Xunlei from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 7th.

Institutional Trading of Xunlei

A number of large investors have recently added to or reduced their stakes in XNET. Two Sigma Securities LLC acquired a new position in Xunlei during the fourth quarter worth approximately $36,000. Russell Investments Group Ltd. bought a new position in shares of Xunlei during the 4th quarter worth approximately $52,000. Sei Investments Co. acquired a new position in shares of Xunlei during the 4th quarter worth approximately $53,000. Marshall Wace LLP bought a new stake in Xunlei in the 4th quarter valued at $84,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Xunlei during the 3rd quarter valued at $109,000. Institutional investors and hedge funds own 5.07% of the company’s stock.

Xunlei Stock Down 1.7 %

Shares of NASDAQ XNET traded down $0.09 during mid-day trading on Thursday, hitting $5.03. The company had a trading volume of 587,684 shares, compared to its average volume of 1,493,931. Xunlei has a one year low of $1.45 and a one year high of $5.52. The company has a market capitalization of $318.54 million, a PE ratio of 21.83 and a beta of 1.04. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of $3.19 and a two-hundred day simple moving average of $2.37.

Xunlei (NASDAQ:XNET) last posted its quarterly earnings results on Thursday, March 13th. The software maker reported $0.17 earnings per share for the quarter. The firm had revenue of $84.30 million for the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.65%.

About Xunlei

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.