Stock Traders Buy Large Volume of CF Industries Holdings Call Options (CF)
CF Industries Holdings, Inc. (NYSE:CF) was the target of some unusual options trading activity on Friday. Stock traders bought 843 call options on the stock. This is an increase of 278% compared to the average volume of 223 call options.
Shares of CF Industries Holdings (NYSE:CF) opened at 34.20 on Monday. The stock’s market cap is $7.98 billion. The company has a 50 day moving average of $32.40 and a 200-day moving average of $29.44. CF Industries Holdings has a one year low of $22.00 and a one year high of $37.17.
CF Industries Holdings (NYSE:CF) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.18. CF Industries Holdings had a negative net margin of 9.98% and a negative return on equity of 0.40%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts anticipate that CF Industries Holdings will post ($0.69) earnings per share for the current year.
In other news, VP Bert A. Frost sold 6,400 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $31.53, for a total value of $201,792.00. Following the sale, the vice president now directly owns 59,732 shares of the company’s stock, valued at approximately $1,883,349.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fulton Bank N.A. purchased a new stake in CF Industries Holdings in the 3rd quarter valued at about $287,000. W. E. Donoghue & Co. LLC purchased a new stake in CF Industries Holdings in the 2nd quarter valued at about $16,857,000. Sentry Investment Management LLC grew its holdings in CF Industries Holdings by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 16,879 shares of the basic materials company’s stock valued at $472,000 after buying an additional 160 shares during the period. Toronto Dominion Bank grew its holdings in CF Industries Holdings by 25.5% in the 2nd quarter. Toronto Dominion Bank now owns 78,974 shares of the basic materials company’s stock valued at $2,208,000 after buying an additional 16,068 shares during the period. Finally, Glendon Capital Management LP grew its holdings in CF Industries Holdings by 14.3% in the 2nd quarter. Glendon Capital Management LP now owns 2,619,751 shares of the basic materials company’s stock valued at $73,248,000 after buying an additional 327,600 shares during the period.
Several equities analysts recently issued reports on the stock. UBS AG reiterated a “buy” rating and issued a $40.00 target price (up from $33.00) on shares of CF Industries Holdings in a research note on Wednesday, October 4th. Zacks Investment Research cut shares of CF Industries Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BMO Capital Markets reiterated an “outperform” rating and issued a $38.00 target price (up from $35.00) on shares of CF Industries Holdings in a research note on Friday. Piper Jaffray Companies set a $28.00 target price on shares of CF Industries Holdings and gave the company a “hold” rating in a research note on Friday. Finally, Credit Suisse Group set a $30.00 target price on shares of CF Industries Holdings and gave the company a “hold” rating in a research note on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. CF Industries Holdings presently has an average rating of “Hold” and a consensus target price of $32.58.
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CF Industries Holdings Company Profile
CF Industries Holdings, Inc manufactures and distributes nitrogen fertilizer, and other nitrogen products. The Company’s nitrogen fertilizer products are ammonia, granular urea, urea ammonium nitrate solution (UAN) and ammonium nitrate (AN). Its other nitrogen products include diesel exhaust fluid (DEF), urea liquor, nitric acid and aqua ammonia, which are sold primarily to the Company’s industrial customers, and compound fertilizer products (nitrogen, phosphorus and potassium or NPKs).
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