Herbalife Nutrition Target of Unusually High Options Trading (NYSE:HLF)


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Herbalife Nutrition Ltd. (NYSE:HLF) saw some unusual options trading activity on Monday. Stock traders purchased 3,089 put options on the stock. This represents an increase of approximately 1,057% compared to the typical volume of 267 put options.

Shares of HLF opened at $45.99 on Tuesday. The company has a market capitalization of $5.43 billion, a PE ratio of 17.83 and a beta of 1.08. The company’s 50 day moving average price is $45.70 and its 200 day moving average price is $48.26. Herbalife Nutrition has a 52 week low of $33.48 and a 52 week high of $59.00.

Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings results on Tuesday, February 16th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.13). Herbalife Nutrition had a net margin of 6.64% and a negative return on equity of 103.36%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. As a group, equities analysts predict that Herbalife Nutrition will post 3.75 earnings per share for the current year.

Separately, Zacks Investment Research downgraded Herbalife Nutrition from a “buy” rating to a “sell” rating in a report on Tuesday, April 20th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $56.33.

In other Herbalife Nutrition news, President John Desimone sold 7,569 shares of Herbalife Nutrition stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $56.00, for a total value of $423,864.00. Following the sale, the president now owns 64,844 shares of the company’s stock, valued at approximately $3,631,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO David Pezzullo sold 38,350 shares of the company’s stock in a transaction on Friday, February 5th. The stock was sold at an average price of $55.00, for a total value of $2,109,250.00. The disclosure for this sale can be found here. Insiders sold 97,910 shares of company stock valued at $5,517,836 in the last 90 days. 3.10% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in HLF. Route One Investment Company L.P. increased its holdings in Herbalife Nutrition by 11.4% in the fourth quarter. Route One Investment Company L.P. now owns 6,246,304 shares of the company’s stock worth $300,135,000 after buying an additional 640,610 shares during the last quarter. BlackRock Inc. increased its stake in shares of Herbalife Nutrition by 3.2% during the 4th quarter. BlackRock Inc. now owns 4,291,822 shares of the company’s stock worth $206,221,000 after purchasing an additional 134,437 shares during the last quarter. Mason Capital Management LLC bought a new position in shares of Herbalife Nutrition during the 4th quarter valued at $109,083,000. Bronte Capital Management Pty Ltd. lifted its position in shares of Herbalife Nutrition by 2.9% in the first quarter. Bronte Capital Management Pty Ltd. now owns 2,120,559 shares of the company’s stock worth $94,068,000 after buying an additional 59,314 shares during the last quarter. Finally, Aristotle Capital Boston LLC boosted its holdings in shares of Herbalife Nutrition by 1.4% during the 4th quarter. Aristotle Capital Boston LLC now owns 1,004,843 shares of the company’s stock worth $48,283,000 after buying an additional 13,984 shares during the period. Institutional investors and hedge funds own 85.28% of the company’s stock.

Herbalife Nutrition Company Profile

Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition. It offers weight management products, including meal replacement products, protein shakes, drink mixes, weight loss enhancers, and healthy snacks; targeted nutrition products, which include functional beverages, and dietary and nutritional supplements that contain herbs, vitamins, minerals, and other natural ingredients; outer nutrition products, such as facial skin, body, and hair care products; and energy, sports, and fitness products comprising N-R-G tea and energy drink products.

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