Public Employees Retirement System of Ohio Buys 115,578 Shares of Herbalife Ltd. (NYSE:HLF)

Public Employees Retirement System of Ohio boosted its holdings in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 341.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 149,476 shares of the company's stock after buying an additional 115,578 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.15% of Herbalife worth $1,000,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HLF. Vanguard Group Inc. boosted its stake in Herbalife by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock valued at $75,406,000 after buying an additional 785,574 shares during the period. Renaissance Technologies LLC grew its stake in shares of Herbalife by 9.9% in the fourth quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company's stock worth $47,425,000 after purchasing an additional 638,567 shares during the last quarter. Long Focus Capital Management LLC boosted its holdings in Herbalife by 27.3% in the fourth quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock valued at $31,832,000 after acquiring an additional 1,020,127 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Herbalife by 777.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company's stock worth $19,986,000 after buying an additional 2,646,848 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Herbalife by 8.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company's stock valued at $18,040,000 after purchasing an additional 216,603 shares in the last quarter.

Insider Activity

In other news, Director Juan Miguel Mendoza bought 5,000 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $6.75 per share, with a total value of $33,750.00. Following the completion of the transaction, the director now directly owns 166,857 shares in the company, valued at approximately $1,126,284.75. The trade was a 3.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.73% of the company's stock.

Herbalife Price Performance

Shares of Herbalife stock traded up $0.29 during trading hours on Friday, hitting $7.73. The company had a trading volume of 1,141,444 shares, compared to its average volume of 2,222,874. The company's 50-day moving average is $7.13 and its two-hundred day moving average is $7.18. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79. The company has a market cap of $787.18 million, a P/E ratio of 3.10, a price-to-earnings-growth ratio of 0.29 and a beta of 0.86.

Herbalife (NYSE:HLF - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.19. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $0.49 EPS. Herbalife's quarterly revenue was down 3.4% on a year-over-year basis. Sell-side analysts expect that Herbalife Ltd. will post 1.57 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HLF shares. Citigroup dropped their target price on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.50 to $14.00 in a research report on Friday, March 21st. Finally, Wall Street Zen upgraded shares of Herbalife from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.