Nautilus Target of Unusually High Options Trading (NLS)

Nautilus, Inc. (NYSE:NLS) was the target of unusually large options trading on Tuesday. Traders acquired 1,171 put options on the stock. This is an increase of approximately 936% compared to the typical daily volume of 113 put options.

Shares of NLS opened at $7.81 on Wednesday. The firm has a market capitalization of $221.02 million, a price-to-earnings ratio of 8.88, a PEG ratio of 1.45 and a beta of 0.81. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.35 and a current ratio of 1.93. Nautilus has a 1 year low of $6.77 and a 1 year high of $17.20.

Several analysts have issued reports on NLS shares. Imperial Capital lowered their target price on Nautilus to $12.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 30th. ValuEngine upgraded Nautilus from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. B. Riley lowered Nautilus from a “buy” rating to a “neutral” rating and lowered their target price for the company from $21.00 to $10.00 in a research note on Friday, January 18th. DA Davidson lowered Nautilus from a “buy” rating to a “neutral” rating in a research note on Friday, January 18th. Finally, Lake Street Capital lowered Nautilus from a “buy” rating to a “hold” rating and lowered their target price for the company from $17.00 to $11.00 in a research note on Friday, January 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.00.

In other Nautilus news, Director Anne Saunders sold 4,500 shares of the business’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $12.87, for a total value of $57,915.00. Following the transaction, the director now owns 11,120 shares of the company’s stock, valued at $143,114.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp raised its stake in shares of Nautilus by 1.4% during the 2nd quarter. Northern Trust Corp now owns 378,248 shares of the specialty retailer’s stock valued at $5,938,000 after purchasing an additional 5,366 shares during the period. Bank of Montreal Can raised its stake in shares of Nautilus by 132.3% during the 3rd quarter. Bank of Montreal Can now owns 26,486 shares of the specialty retailer’s stock valued at $370,000 after purchasing an additional 15,083 shares during the period. Skylands Capital LLC raised its stake in shares of Nautilus by 28.7% during the 3rd quarter. Skylands Capital LLC now owns 277,959 shares of the specialty retailer’s stock valued at $3,878,000 after purchasing an additional 62,009 shares during the period. Ingalls & Snyder LLC bought a new stake in shares of Nautilus during the 3rd quarter valued at $844,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Nautilus during the 3rd quarter valued at $210,000. Hedge funds and other institutional investors own 98.31% of the company’s stock.

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About Nautilus

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

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