Sherbrooke Park Advisers LLC acquired a new stake in shares of Herbalife Ltd. (NYSE:HLF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 57,117 shares of the company's stock, valued at approximately $382,000. Sherbrooke Park Advisers LLC owned approximately 0.06% of Herbalife at the end of the most recent quarter.
Several other large investors also recently modified their holdings of HLF. Arrowstreet Capital Limited Partnership lifted its position 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 buying an additional 2,646,848 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Herbalife by 67.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company's stock valued at $17,195,000 after acquiring an additional 1,031,078 shares during the period. Long Focus Capital Management LLC boosted its stake in shares of Herbalife by 27.3% in the 4th quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock valued at $31,832,000 after purchasing an additional 1,020,127 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Herbalife by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock worth $75,406,000 after purchasing an additional 785,574 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Herbalife by 83.8% during the 4th quarter. Marshall Wace LLP now owns 1,444,343 shares of the company's stock worth $9,663,000 after purchasing an additional 658,536 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on HLF. Citigroup decreased their price objective on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and upped their price target for the company from $7.50 to $14.00 in a research note on Friday, March 21st. Finally, Wall Street Zen cut shares of Herbalife from a "buy" rating to a "hold" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.
Check Out Our Latest Research Report on Herbalife
Herbalife Stock Performance
HLF traded down $0.28 during midday trading on Friday, reaching $6.69. 344,511 shares of the company were exchanged, compared to its average volume of 2,351,395. The stock has a market capitalization of $680.85 million, a P/E ratio of 2.69, a PEG ratio of 0.29 and a beta of 0.88. Herbalife Ltd. has a one year low of $5.04 and a one year high of $12.79. The stock's 50-day simple moving average is $7.31 and its 200 day simple moving average is $7.23.
Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.19. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. Herbalife's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. On average, research analysts anticipate that Herbalife Ltd. will post 1.57 earnings per share for the current year.
Insider Activity
In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of Herbalife stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the acquisition, the director now owns 132,500 shares in the company, valued at approximately $1,093,125. The trade was a 3.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders bought 12,500 shares of company stock valued at $94,900 in the last quarter. Company insiders own 1.73% of the company's stock.
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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