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Traders Purchase High Volume of Call Options on Herbalife Nutrition (NYSE:HLF)

Last updated on Wednesday, May 5, 2021 | 2021 MarketBeat

Herbalife Nutrition Ltd. (NYSE:HLF) was the target of some unusual options trading activity on Wednesday. Traders purchased 7,803 call options on the company. This represents an increase of 420% compared to the average volume of 1,500 call options.

Separately, Zacks Investment Research lowered shares of Herbalife Nutrition from a "buy" rating to a "sell" rating in a research report on Tuesday, April 20th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. The stock has an average rating of "Buy" and an average price target of $56.33.

In other Herbalife Nutrition news, President John Desimone sold 6,180 shares of the firm's stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $59.00, for a total value of $364,620.00. Following the sale, the president now directly owns 64,844 shares in the company, valued at approximately $3,825,796. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Levy sold 11,128 shares of the firm's stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $55.46, for a total transaction of $617,158.88. Following the completion of the sale, the executive vice president now owns 570,774 shares in the company, valued at $31,655,126.04. The disclosure for this sale can be found here. Insiders sold a total of 97,910 shares of company stock worth $5,517,836 over the last quarter. 3.10% of the stock is currently owned by company insiders.

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

Shares of Herbalife Nutrition stock traded up $3.35 during trading on Wednesday, hitting $48.23. 67,632 shares of the company's stock traded hands, compared to its average volume of 1,032,038. The firm's fifty day moving average price is $45.68 and its 200 day moving average price is $48.25. Herbalife Nutrition has a twelve month low of $33.48 and a twelve month high of $59.00. The company has a market cap of $5.70 billion, a PE ratio of 18.62 and a beta of 1.08.

Herbalife Nutrition (NYSE:HLF) last issued its earnings results on Tuesday, May 4th. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.33. Herbalife Nutrition had a net margin of 6.64% and a negative return on equity of 103.36%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business earned $0.83 EPS. The firm's revenue was up 18.9% on a year-over-year basis. As a group, research analysts predict that Herbalife Nutrition will post 3.75 EPS for the current year.

About Herbalife Nutrition

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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