Aetna Inc. (NYSE:AET)- Recommended Mix Momentum Stocks: Ferrellgas Partners, L.P. (NYSE:FGP)

Aetna Inc. (NYSE:AET) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -1.77% to $117.09. A federal judge has blocked Aetna Inc.’s offered $37B acquisition of Humana Inc. Bloomberg reports that U.S. District Judge John D. Bates ruled that the deal would violate antitrust laws by reducing competition among insurers.Aetna (NYSE: AET) is Colorado’s fourth-largest health maintenance organization and seventh-largest preferred-provider organization, according to the Denver Business Journal’s 2016-17 Book of Lists.

Humana (NYSE: HUM) ranks No. 6 among Colorado’s PPOs. A ruling is expected soon in another proposed tie-up of large Colorado insurers, Anthem Inc. and Cigna Corp. Under terms of the Aetna-Humana acquisition contract, Aetna owes Humana a $1 billion breakup fee. The share price of AET attracts active investors, as stock price of week volatility recorded 2.68%. The stock is going forward to its 52-week low with 27.81% and lagging behind from its 52-week high price with -14.03%.

Ferrellgas Partners, L.P. (NYSE:FGP) [Trend Analysis] surged reacts as active mover, shares an advance 1.16% to traded at $7.86 and the percentage gap between open changing to regular change was -1.16%. Ferrellgas Partners, L.P. (FGP) as well as its wholly-owned subsidiary Ferrellgas Partners Finance Corp. declared their intention to commence a private placement to eligible purchasers of $150 million in aggregate principal amount of their 8⅝ Senior Notes due 2020. This offering constitutes a further issuance of the Issuers’ 8⅝% Senior Notes due 2020 first issued on April 13, 2010, of which $182 million aggregate principal amount is outstanding prior to this offering.

The notes to be offered in this offering will be treated as a single series with the previously issued notes but, until these notes are registered, or if these notes are issued with original issue discount for U.S. federal income tax purposes, will have a separate CUSIP number from that of the previously issued notes and will not be fungible with the previously issued notes. Ferrellgas Partners, L.P. intends to use the net proceeds from the offering to repay borrowings under its operating partnership’s secured credit facility. The firm’s current ratio calculated as 0.70 for the most recent quarter. The firm past twelve months price to sales ratio was 0.39 and price to cash ratio remained 60.69. As far as the returns are concern, the return on equity was recorded as 240.40% and return on investment was -35.00% while its return on asset stayed at -30.30%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

Leave a Reply

Your email address will not be published. Required fields are marked *