Herbalife Ltd. (NYSE:HLF) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its position in Herbalife Ltd. (NYSE:HLF - Free Report) by 341.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 149,476 shares of the company's stock after purchasing an additional 115,578 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.15% of Herbalife worth $1,000,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HLF. Quadrant Capital Group LLC increased its position in shares of Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock worth $29,000 after purchasing an additional 3,714 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Herbalife by 110.4% in the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock valued at $70,000 after buying an additional 5,524 shares during the period. Bridgefront Capital LLC purchased a new position in shares of Herbalife in the 4th quarter valued at about $71,000. Headlands Technologies LLC boosted its stake in shares of Herbalife by 12,307.6% in the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock valued at $76,000 after buying an additional 11,323 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Herbalife by 83.5% in the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company's stock valued at $126,000 after buying an additional 8,591 shares during the period.

Insider Transactions at Herbalife

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Herbalife from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Citigroup dropped their target price on Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.50 to $14.00 in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.50.

Herbalife Price Performance

HLF traded down $0.21 during trading on Thursday, reaching $7.47. 1,325,842 shares of the stock were exchanged, compared to its average volume of 2,234,524. The business's 50 day moving average price is $7.17 and its two-hundred day moving average price is $7.19. The company has a market capitalization of $760.29 million, a price-to-earnings ratio of 3.00, a P/E/G ratio of 0.29 and a beta of 0.86. Herbalife Ltd. has a 1 year low of $5.04 and a 1 year high of $12.79.

Herbalife (NYSE:HLF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.19. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. Herbalife's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 earnings per share. On average, analysts anticipate that Herbalife Ltd. will post 1.57 EPS for the current year.

Herbalife Company 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.