Arena Capital Advisors LLC CA Buys 26,700 Shares of Herbalife Ltd (NYSE:HLF)

Arena Capital Advisors LLC CA raised its holdings in Herbalife Ltd (NYSE:HLF - Free Report) by 78.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,910 shares of the company's stock after purchasing an additional 26,700 shares during the quarter. Herbalife accounts for approximately 0.8% of Arena Capital Advisors LLC CA's investment portfolio, making the stock its 3rd biggest holding. Arena Capital Advisors LLC CA owned 0.06% of Herbalife worth $526,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HLF. Bryce Point Capital LLC purchased a new position in Herbalife in the 4th quarter valued at about $1,417,000. O Shaughnessy Asset Management LLC purchased a new position in Herbalife in the 4th quarter valued at about $482,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Herbalife by 10.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 610,953 shares of the company's stock valued at $4,087,000 after buying an additional 60,158 shares in the last quarter. Huber Capital Management LLC lifted its stake in Herbalife by 760.7% in the 4th quarter. Huber Capital Management LLC now owns 317,600 shares of the company's stock valued at $2,125,000 after buying an additional 280,700 shares in the last quarter. Finally, Jump Financial LLC lifted its stake in Herbalife by 374.1% in the 4th quarter. Jump Financial LLC now owns 165,300 shares of the company's stock valued at $1,106,000 after buying an additional 130,433 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts recently weighed in on HLF shares. DA Davidson raised shares of 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 research note on Friday, March 21st. Wall Street Zen raised shares of Herbalife from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Citigroup decreased their price target 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Herbalife has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

Herbalife Stock Up 1.1%

HLF traded up $0.10 during trading on Thursday, reaching $9.18. The company's stock had a trading volume of 2,028,815 shares, compared to its average volume of 2,186,378. The firm has a fifty day simple moving average of $8.19 and a two-hundred day simple moving average of $7.46. Herbalife Ltd has a 1 year low of $5.04 and a 1 year high of $12.79. The company has a market cap of $935.08 million, a price-to-earnings ratio of 3.35, a PEG ratio of 0.27 and a beta of 0.89.

Herbalife (NYSE:HLF - Get Free Report) last released 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 net margin of 5.66% and a negative return on equity of 23.75%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company posted $0.49 EPS. The business's revenue was down 3.4% on a year-over-year basis. As a group, equities analysts forecast that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Insider Activity

In other news, Director Juan Miguel Mendoza purchased 5,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of $6.75 per share, for a total transaction of $33,750.00. Following the acquisition, the director directly owned 166,857 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have purchased 13,143 shares of company stock worth $90,973. 1.73% of the stock is owned by company insiders.

About Herbalife

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.