Xunlei Sees Unusually High Options Volume (NASDAQ:XNET)

Xunlei Limited (NASDAQ:XNET) saw some unusual options trading activity on Thursday. Stock traders acquired 3,896 call options on the company. This represents an increase of 518% compared to the typical volume of 630 call options.

Institutional Investors Weigh In On Xunlei

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Xunlei by 3.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock worth $555,000 after buying an additional 10,276 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Xunlei in the third quarter valued at about $109,000. Sei Investments Co. bought a new position in Xunlei in the fourth quarter valued at about $53,000. Russell Investments Group Ltd. acquired a new position in Xunlei during the fourth quarter worth about $52,000. Finally, Marshall Wace LLP acquired a new position in Xunlei during the fourth quarter worth about $84,000. 5.07% of the stock is currently owned by institutional investors.

Xunlei Price Performance

Shares of XNET traded down $0.09 during trading hours on Thursday, hitting $5.03. 587,684 shares of the company were exchanged, compared to its average volume of 1,493,931. The company has a market cap of $318.54 million, a price-to-earnings ratio of 21.83 and a beta of 1.04. The firm’s fifty day moving average is $3.19 and its 200 day moving average is $2.37. Xunlei has a fifty-two week low of $1.45 and a fifty-two week high of $5.52. The company has a quick ratio of 2.91, a current ratio of 2.92 and a debt-to-equity ratio of 0.04.

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

Wall Street Analysts Forecast Growth

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

Xunlei Company Profile

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.