Bridgewater Associates LP lowered its position in Herbalife Ltd. (NYSE:HLF - Free Report) by 71.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,806 shares of the company's stock after selling 47,151 shares during the quarter. Bridgewater Associates LP's holdings in Herbalife were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of HLF. Vanguard Group Inc. boosted its holdings in shares of Herbalife by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock valued at $75,406,000 after acquiring an additional 785,574 shares in the last quarter. Renaissance Technologies LLC grew its stake in Herbalife by 9.9% in the 4th quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company's stock valued at $47,425,000 after acquiring an additional 638,567 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Herbalife by 777.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company's stock worth $19,986,000 after purchasing an additional 2,646,848 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Herbalife by 8.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company's stock worth $18,040,000 after acquiring an additional 216,603 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Herbalife by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 2,680,425 shares of the company's stock valued at $17,936,000 after purchasing an additional 64,911 shares during the last quarter.
Herbalife Stock Down 4.5 %
Shares of HLF traded down $0.31 during trading on Friday, reaching $6.65. The company's stock had a trading volume of 1,812,351 shares, compared to its average volume of 2,249,431. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79. The company has a market cap of $673.92 million, a price-to-earnings ratio of 2.67, a P/E/G ratio of 0.29 and a beta of 1.02. The company has a fifty day moving average of $7.81 and a two-hundred day moving average of $7.25.
Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.28. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. As a group, equities analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.
Insider Buying and Selling at Herbalife
In other news, Director Juan Miguel Mendoza purchased 5,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the acquisition, the director now owns 132,500 shares of the company's stock, valued at $1,093,125. The trade was a 3.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.73% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on HLF shares. StockNews.com cut Herbalife from a "strong-buy" rating to a "buy" rating in a report on Friday, April 18th. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.50 to $14.00 in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $12.00.
Check Out Our Latest Stock Report on HLF
Herbalife Company Profile
(
Free Report)
Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.
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