Algert Global LLC Acquires 102,910 Shares of Herbalife Ltd $HLF

Key Points

• Algert Global LLC increased its stake in Herbalife by 50.0%, owning 308,919 shares valued at approximately $2.67 million after buying an additional 102,910 shares in the first quarter.
• Several institutional investors, including Barclays PLC and Canada Pension Plan Investment Board, have significantly increased their holdings in Herbalife, indicating growing investor interest.
• Analysts have mixed ratings on the stock, with Herbalife's price target being revised; Mizuho raised it to $9.00 while Citigroup lowered it to $11.00, reflecting varying outlooks on the company's performance.

Algert Global LLC lifted its position in Herbalife Ltd (NYSE:HLF - Free Report) by 50.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 308,919 shares of the company's stock after buying an additional 102,910 shares during the period. Algert Global LLC owned approximately 0.30% of Herbalife worth $2,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC raised its position in shares of Herbalife by 10.7% during the fourth quarter. Barclays PLC now owns 178,679 shares of the company's stock worth $1,195,000 after purchasing an additional 17,253 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Herbalife by 192.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 40,300 shares of the company's stock worth $270,000 after acquiring an additional 26,500 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Herbalife by 52.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 33,292 shares of the company's stock valued at $223,000 after purchasing an additional 11,507 shares during the period. Dark Forest Capital Management LP boosted its stake in Herbalife by 53.9% during the 4th quarter. Dark Forest Capital Management LP now owns 94,616 shares of the company's stock valued at $633,000 after purchasing an additional 33,140 shares during the period. Finally, Long Focus Capital Management LLC boosted its stake in Herbalife by 27.3% during the 4th quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock valued at $31,832,000 after purchasing an additional 1,020,127 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Mizuho increased their target price on Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen cut Herbalife from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Finally, Citigroup cut their price target on Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Herbalife Price Performance

Shares of HLF traded down $0.2950 during mid-day trading on Monday, reaching $9.4450. The company had a trading volume of 476,193 shares, compared to its average volume of 2,153,572. Herbalife Ltd has a twelve month low of $5.04 and a twelve month high of $10.83. The company's 50-day moving average is $9.24 and its 200-day moving average is $8.05. The company has a market capitalization of $973.87 million, a P/E ratio of 2.98, a P/E/G ratio of 0.29 and a beta of 0.85.

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

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.