Sherbrooke Park Advisers LLC Takes Position in Herbalife Ltd. (NYSE:HLF)

Sherbrooke Park Advisers LLC purchased a new position in shares of Herbalife Ltd. (NYSE:HLF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 57,117 shares of the company's stock, valued at approximately $382,000. Sherbrooke Park Advisers LLC owned about 0.06% of Herbalife as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HLF. Quadrant Capital Group LLC lifted its position in shares of Herbalife by 641.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock worth $29,000 after purchasing an additional 3,714 shares in the last quarter. R Squared Ltd acquired a new position in shares of Herbalife during the 4th quarter worth about $63,000. Van ECK Associates Corp boosted its stake in shares of Herbalife by 110.4% during 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 last quarter. Bridgefront Capital LLC bought a new position in shares of Herbalife in the 4th quarter valued at about $71,000. Finally, Headlands Technologies LLC increased its position in shares of Herbalife by 12,307.6% in the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock valued at $76,000 after acquiring an additional 11,323 shares during the last quarter.

Insider Activity at Herbalife

In other news, Director Juan Miguel Mendoza bought 5,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $8.25 per share, with a total value of $41,250.00. Following the completion of the transaction, the director now owns 132,500 shares of the company's stock, valued at $1,093,125. This trade represents a 3.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have purchased 12,500 shares of company stock worth $94,900. Insiders own 1.73% of the company's stock.

Wall Street Analyst Weigh In

HLF has been the subject of several recent research reports. Citigroup reduced their price target on Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. StockNews.com cut shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, April 29th. Finally, 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 issued a buy rating to the stock. Based on data from MarketBeat, Herbalife presently has an average rating of "Moderate Buy" and an average target price of $11.50.

Herbalife Stock Down 2.0%

Shares of NYSE HLF traded down $0.14 during midday trading on Wednesday, hitting $6.78. 1,549,363 shares of the company's stock were exchanged, compared to its average volume of 2,254,525. The firm has a market capitalization of $690.62 million, a PE ratio of 2.72, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88. Herbalife Ltd. has a 12 month low of $5.04 and a 12 month high of $12.79. The company's 50 day moving average price is $7.34 and its 200 day moving average price is $7.24.

Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.19. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.23 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. On average, equities research analysts anticipate that Herbalife Ltd. will post 1.57 EPS for the current year.

Herbalife Profile

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.