Bryce Point Capital LLC bought a new position in Herbalife Ltd. (NYSE:HLF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 211,850 shares of the company's stock, valued at approximately $1,417,000. Bryce Point Capital LLC owned about 0.21% of Herbalife at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLF. R Squared Ltd acquired a new position in shares of Herbalife in the fourth quarter valued at about $63,000. Van ECK Associates Corp increased its holdings in Herbalife by 110.4% in the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock worth $70,000 after buying an additional 5,524 shares during the period. Headlands Technologies LLC raised its position in Herbalife by 12,307.6% during the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock worth $76,000 after buying an additional 11,323 shares during the last quarter. Range Financial Group LLC acquired a new stake in Herbalife during the 4th quarter valued at approximately $124,000. Finally, SG Americas Securities LLC lifted its stake in Herbalife by 83.5% during the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company's stock valued at $126,000 after acquiring an additional 8,591 shares during the period.
Insiders Place Their Bets
In related news, Director Juan Miguel Mendoza acquired 5,000 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost of $8.25 per share, with a total value of $41,250.00. Following the completion of the acquisition, the director now directly owns 132,500 shares in the company, valued at approximately $1,093,125. This trade represents a 3.92 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.73% of the stock is currently owned by company insiders.
Herbalife Stock Performance
Shares of HLF traded down $0.72 during trading hours on Monday, hitting $7.55. The stock had a trading volume of 773,595 shares, compared to its average volume of 2,469,776. The firm has a 50-day moving average price of $7.37 and a 200 day moving average price of $7.29. Herbalife Ltd. has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The firm has a market capitalization of $765.02 million, a price-to-earnings ratio of 3.03, a PEG ratio of 0.29 and a beta of 1.02.
Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.28. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, analysts predict that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.
Wall Street Analyst Weigh In
HLF has been the subject of several recent research reports. StockNews.com raised shares of Herbalife from a "buy" rating to a "strong-buy" rating in a report on Friday, March 21st. DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $7.50 to $14.00 in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $12.00.
Check Out Our Latest Analysis 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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