Stock Traders Buy High Volume of Put Options on Herbalife Nutrition (NYSE:HLF)

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Herbalife Nutrition Ltd (NYSE:HLF) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 7,077 put options on the company. This is an increase of 1,542% compared to the typical volume of 431 put options.

HLF stock opened at $44.04 on Wednesday. The company has a market capitalization of $6.72 billion, a PE ratio of 15.29 and a beta of 0.52. Herbalife Nutrition has a 12-month low of $33.62 and a 12-month high of $61.77. The business’s fifty day moving average price is $43.28 and its 200 day moving average price is $40.94.

Herbalife Nutrition (NYSE:HLF) last announced its earnings results on Tuesday, October 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Herbalife Nutrition had a negative return on equity of 65.44% and a net margin of 6.26%. Herbalife Nutrition’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the business posted $0.74 EPS. Sell-side analysts expect that Herbalife Nutrition will post 2.66 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in Herbalife Nutrition by 16.7% in the 2nd quarter. SG Americas Securities LLC now owns 3,010 shares of the company’s stock valued at $129,000 after buying an additional 430 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in Herbalife Nutrition by 610.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 437,348 shares of the company’s stock worth $18,701,000 after purchasing an additional 375,828 shares in the last quarter. KBC Group NV increased its holdings in Herbalife Nutrition by 2.6% during the 2nd quarter. KBC Group NV now owns 77,957 shares of the company’s stock worth $3,334,000 after purchasing an additional 1,961 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Herbalife Nutrition during the 2nd quarter worth about $3,900,000. Finally, Sciencast Management LP acquired a new stake in Herbalife Nutrition in the 2nd quarter valued at about $547,000. 86.12% of the stock is currently owned by hedge funds and other institutional investors.

HLF has been the topic of a number of recent analyst reports. Pi Financial raised shares of Herbalife Nutrition from a “neutral” rating to a “buy” rating and upped their target price for the company from $8.75 to $12.75 in a research report on Thursday, August 8th. Zacks Investment Research raised shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $10.00 price target on shares of Herbalife Nutrition in a research note on Thursday, August 8th. Finally, ValuEngine upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $46.96.

Herbalife Nutrition Company Profile

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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