Ameriprise Financial Inc. Acquires 557,518 Shares of Herbalife Ltd. (NYSE:HLF)

Ameriprise Financial Inc. lifted its holdings in Herbalife Ltd. (NYSE:HLF - Free Report) by 218.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 812,692 shares of the company's stock after acquiring an additional 557,518 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.81% of Herbalife worth $5,437,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its position in Herbalife by 83.5% in the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company's stock valued at $126,000 after buying an additional 8,591 shares during the last quarter. Inspire Investing LLC increased its position in shares of Herbalife by 6.1% in the 4th quarter. Inspire Investing LLC now owns 59,879 shares of the company's stock valued at $401,000 after buying an additional 3,458 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Herbalife by 3.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company's stock valued at $300,000 after acquiring an additional 1,636 shares during the period. Avaii Wealth Management LLC increased its stake in Herbalife by 49.3% during the 4th quarter. Avaii Wealth Management LLC now owns 58,634 shares of the company's stock worth $392,000 after purchasing an additional 19,370 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of Herbalife during the fourth quarter worth $63,000.

Insider Activity at Herbalife

In other news, Director Juan Miguel Mendoza bought 5,000 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $6.73 per share, with a total value of $33,650.00. Following the completion of the acquisition, the director now owns 140,000 shares of the company's stock, valued at $942,200. This represents a 3.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders have purchased 12,500 shares of company stock worth $87,400. Insiders own 1.73% of the company's stock.

Herbalife Trading Up 1.5%

Shares of NYSE:HLF traded up $0.12 during trading on Thursday, hitting $7.81. 237,393 shares of the company were exchanged, compared to its average volume of 2,247,656. Herbalife Ltd. has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The firm has a fifty day moving average price of $7.23 and a two-hundred day moving average price of $7.20. The stock has a market cap of $795.22 million, a price-to-earnings ratio of 3.15, a P/E/G ratio of 0.29 and a beta of 0.88.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and boosted their price target for the company from $7.50 to $14.00 in a report on Friday, March 21st. 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. Finally, Wall Street Zen downgraded shares of Herbalife from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.50.

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.