Q Global Advisors LLC Has $3.84 Million Position in Herbalife Ltd $HLF

Key Points

• Q Global Advisors LLC increased its stake in Herbalife Ltd by 22.1% during the 1st quarter, now holding approximately 444,765 shares valued at $3.84 million.
• Herbalife's stock price increased by 5.9%, with a market cap of $1 billion and a 52-week range between $5.04 and $10.83.
• Herbalife reported $0.59 earnings per share for the most recent quarter, exceeding estimates, despite a 1.7% decline in revenue compared to the previous year.

Q Global Advisors LLC boosted its holdings in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 22.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444,765 shares of the company's stock after acquiring an additional 80,367 shares during the period. Herbalife accounts for about 3.1% of Q Global Advisors LLC's investment portfolio, making the stock its 5th largest holding. Q Global Advisors LLC owned about 0.44% of Herbalife worth $3,838,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in Herbalife by 4,406.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company's stock valued at $42,000 after acquiring an additional 4,803 shares during the period. CWM LLC lifted its position in 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 purchased a new position in Herbalife during the 4th quarter valued at about $71,000. MQS Management LLC purchased a new position in Herbalife during the 1st quarter valued at about $105,000. Finally, Cerity Partners LLC purchased a new position in Herbalife during the 1st quarter valued at about $108,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HLF. Mizuho lifted their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen cut shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Finally, Citigroup decreased their target price on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Herbalife has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Herbalife Trading Down 4.0%

NYSE HLF traded down $0.38 during trading hours on Thursday, hitting $9.11. 729,844 shares of the company's stock traded hands, compared to its average volume of 2,141,582. The firm has a market capitalization of $938.82 million, a P/E ratio of 2.87, a P/E/G ratio of 0.28 and a beta of 0.85. Herbalife Ltd has a 52 week low of $5.04 and a 52 week high of $10.83. The business's fifty day moving average price is $9.32 and its two-hundred day moving average price is $8.09.

Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The company's revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. On average, sell-side 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.