Bronte Capital Management Pty Ltd. Has $14.44 Million Position in Herbalife Ltd $HLF

Key Points

• Bronte Capital cut its Herbalife stake by 17.6% in Q4 to 1,120,175 shares (sold 238,814 shares), a holding worth $14.44M that represents about 1.6% of Bronte’s portfolio and 1.08% of Herbalife.
• Herbalife reported Q4 EPS of $0.45 (missed) versus $0.48 expected while revenue rose 6.3% to $1.28 billion and beat the consensus estimate.
• The stock carries a consensus "Hold" rating with a $17.80 target; HLF trades near $16.25 with a 52-week range of $6.59–$20.40, market cap ~$1.68B and a P/E of 7.39.

Bronte Capital Management Pty Ltd. lessened its holdings in Herbalife Ltd (NYSE:HLF - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,120,175 shares of the company's stock after selling 238,814 shares during the quarter. Herbalife makes up approximately 1.6% of Bronte Capital Management Pty Ltd.'s investment portfolio, making the stock its 13th largest position. Bronte Capital Management Pty Ltd. owned 1.08% of Herbalife worth $14,439,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Tweedy Browne Co LLC raised its holdings in Herbalife by 16.6% in the 4th quarter. Tweedy Browne Co LLC now owns 51,480 shares of the company's stock valued at $664,000 after buying an additional 7,344 shares during the last quarter. New York State Teachers Retirement System bought a new position in Herbalife in the 4th quarter valued at approximately $119,000. Pictet Asset Management Holding SA bought a new position in Herbalife in the 4th quarter valued at approximately $162,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Herbalife by 15.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,969 shares of the company's stock valued at $515,000 after buying an additional 5,256 shares during the last quarter. Finally, CWM LLC raised its holdings in Herbalife by 5.9% in the 4th quarter. CWM LLC now owns 24,229 shares of the company's stock valued at $312,000 after buying an additional 1,348 shares during the last quarter.

Herbalife Stock Performance

Herbalife stock opened at $16.25 on Wednesday. Herbalife Ltd has a 52-week low of $6.59 and a 52-week high of $20.40. The firm has a 50 day moving average price of $16.08 and a two-hundred day moving average price of $14.18. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 0.94 and a beta of 0.98.

Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). Herbalife had a negative return on equity of 35.02% and a net margin of 4.53%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the business posted $0.36 EPS. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Herbalife Ltd will post 2.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Herbalife from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 18th. Mizuho set a $17.00 price objective on shares of Herbalife in a report on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of Herbalife in a report on Thursday, January 22nd. Zacks Research lowered shares of Herbalife from a "strong-buy" rating to a "hold" rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada dropped their price objective on shares of Herbalife from $17.00 to $16.00 and set a "sector perform" rating for the company in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $17.80.

Herbalife Company Profile

Herbalife Nutrition Ltd. NYSE: HLF operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.

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