EntryPoint Capital LLC Lowers Stock Position in Herbalife Ltd $HLF

Key Points

• EntryPoint Capital LLC has significantly reduced its stake in Herbalife Ltd by 73.5%, now holding 19,004 shares worth approximately $164,000.
• Several large investors have increased their holdings in Herbalife, notably Caitong International Asset Management, which raised its stake by over 4,400%.
• Herbalife's stock has an average rating of "Moderate Buy" with a current price target of $11.50 and reported earnings of $0.59 per share for the last quarter, beating estimates.

EntryPoint Capital LLC decreased its stake in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 73.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,004 shares of the company's stock after selling 52,829 shares during the quarter. EntryPoint Capital LLC's holdings in Herbalife were worth $164,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Algert Global LLC raised its stake in Herbalife by 50.0% in the first quarter. Algert Global LLC now owns 308,919 shares of the company's stock worth $2,666,000 after buying an additional 102,910 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Herbalife by 4,406.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company's stock worth $42,000 after acquiring an additional 4,803 shares in the last quarter. Nuveen LLC bought a new position in shares of Herbalife in the 1st quarter worth $2,526,000. Invesco Ltd. lifted its stake in shares of Herbalife by 99.5% during the 1st quarter. Invesco Ltd. now owns 450,086 shares of the company's stock worth $3,884,000 after purchasing an additional 224,457 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Herbalife by 18.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 723,968 shares of the company's stock valued at $6,248,000 after purchasing an additional 113,015 shares during the last quarter.

Herbalife Price Performance

NYSE:HLF traded up $0.62 during midday trading on Friday, hitting $9.79. The company's stock had a trading volume of 3,073,314 shares, compared to its average volume of 1,915,601. Herbalife Ltd has a fifty-two week low of $5.04 and a fifty-two week high of $10.83. The firm has a market cap of $1.01 billion, a P/E ratio of 3.09, a P/E/G ratio of 0.30 and a beta of 0.85. The firm's 50 day moving average is $9.38 and its 200-day moving average is $8.17.

Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.27 billion. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The business's revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. As a group, analysts forecast that Herbalife Ltd will post 1.57 EPS for the current year.

Analysts Set New Price Targets

HLF has been the topic of several analyst reports. Mizuho lifted their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wall Street Zen lowered Herbalife from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.