Herbalife Ltd (NYSE:HLF) is Arena Capital Advisors LLC CA's 3rd Largest Position

Arena Capital Advisors LLC CA grew its position in Herbalife Ltd (NYSE:HLF - Free Report) by 78.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,910 shares of the company's stock after purchasing an additional 26,700 shares during the quarter. Herbalife comprises approximately 0.8% of Arena Capital Advisors LLC CA's investment portfolio, making the stock its 3rd biggest position. Arena Capital Advisors LLC CA owned about 0.06% of Herbalife worth $526,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HLF. Quadrant Capital Group LLC grew its stake 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 valued at $29,000 after acquiring an additional 3,714 shares in the last quarter. CWM LLC lifted its position in shares of Herbalife by 199.7% during the 1st quarter. CWM LLC now owns 7,969 shares of the company's stock valued at $69,000 after acquiring an additional 5,310 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of Herbalife during the 4th quarter worth $71,000. 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 worth $76,000 after purchasing an additional 11,323 shares during the period. Finally, MQS Management LLC acquired a new position in Herbalife in the first quarter valued at about $105,000.

Herbalife Stock Down 4.8%

HLF traded down $0.49 during trading on Monday, reaching $9.69. 3,309,568 shares of the stock traded hands, compared to its average volume of 2,212,789. The stock's 50-day moving average is $8.00 and its 200 day moving average is $7.40. Herbalife Ltd has a 12 month low of $5.04 and a 12 month high of $12.79. The stock has a market capitalization of $986.59 million, a PE ratio of 3.54, a P/E/G ratio of 0.30 and a beta of 0.89.

Herbalife (NYSE:HLF - Get Free Report) last issued its 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 23.75% and a net margin of 5.66%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. Herbalife's revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities research analysts anticipate that Herbalife Ltd will post 1.57 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on HLF shares. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and raised their target price for the company from $7.50 to $14.00 in a report on Friday, March 21st. Wall Street Zen raised Herbalife from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Citigroup cut their price objective on Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Herbalife presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

Insiders Place Their Bets

In related news, Director Juan Miguel Mendoza acquired 5,000 shares of the stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average cost of $6.75 per share, with a total value of $33,750.00. Following the completion of the purchase, the director directly owned 166,857 shares in the company, valued at $1,126,284.75. This trade represents a 3.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 13,143 shares of company stock valued at $90,973. 1.73% of the stock is currently owned by company insiders.

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.