Q Global Advisors LLC bought a new position in Herbalife Ltd. (NYSE:HLF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 364,398 shares of the company's stock, valued at approximately $2,438,000. Herbalife comprises approximately 2.5% of Q Global Advisors LLC's portfolio, making the stock its 8th largest position. Q Global Advisors LLC owned about 0.36% of Herbalife at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of HLF. Quadrant Capital Group LLC lifted its position in Herbalife by 641.5% in the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after purchasing an additional 3,714 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Herbalife in the fourth quarter valued at approximately $63,000. Van ECK Associates Corp raised its holdings in shares of Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock valued at $70,000 after buying an additional 5,524 shares during the last quarter. Bridgefront Capital LLC bought a new stake in shares of Herbalife during the fourth quarter valued at approximately $71,000. Finally, Headlands Technologies LLC boosted its position in shares of Herbalife by 12,307.6% during the fourth 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 period.
Insiders Place Their Bets
In related news, Director Juan Miguel Mendoza acquired 5,000 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of $6.75 per share, for a total transaction of $33,750.00. Following the acquisition, the director now owns 166,857 shares in the company, valued at approximately $1,126,284.75. This represents a 3.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have acquired 12,500 shares of company stock worth $87,400. 1.73% of the stock is owned by insiders.
Herbalife Stock Performance
Shares of HLF stock traded down $0.06 during mid-day trading on Friday, hitting $7.87. 650,908 shares of the stock traded hands, compared to its average volume of 2,244,279. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79. The company's 50-day simple moving average is $7.23 and its 200-day simple moving average is $7.19. The firm has a market cap of $801.03 million, a price-to-earnings ratio of 3.16, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88.
Herbalife (NYSE:HLF - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.19. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.23 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. Analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms recently commented on HLF. Wall Street Zen cut Herbalife from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.50 to $14.00 in a report on Friday, March 21st. Finally, Citigroup reduced their price objective on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $11.50.
Check Out Our Latest Stock Analysis on HLF
About Herbalife
(
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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