Herbalife Ltd (NYSE:HLF) Shares Sold by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP has reduced its holdings in Herbalife Ltd by 61.1% in the first quarter, now owning around 0.08% of the company, valued at approximately $745,000.
• Herbalife's most recent quarterly earnings report revealed an earnings per share (EPS) of $0.59, exceeding expectations, although revenue fell by 3.4% year-over-year.
• Analysts have mixed views on Herbalife, with Citigroup lowering its price target from $13.00 to $11.00, while Wall Street Zen upgraded its rating from "buy" to "strong-buy", reflecting varying sentiments about the stock's future.

GSA Capital Partners LLP lessened its stake in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 61.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,347 shares of the company's stock after selling 135,477 shares during the quarter. GSA Capital Partners LLP owned about 0.08% of Herbalife worth $745,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HLF. O Shaughnessy Asset Management LLC purchased a new position in Herbalife during the 4th quarter worth $482,000. Jump Financial LLC increased its stake in shares of Herbalife by 374.1% during the fourth quarter. Jump Financial LLC now owns 165,300 shares of the company's stock worth $1,106,000 after acquiring an additional 130,433 shares during the period. Boothbay Fund Management LLC purchased a new position in Herbalife during the fourth quarter worth about $251,000. Northern Trust Corp lifted its position in Herbalife by 14.5% in the fourth quarter. Northern Trust Corp now owns 1,002,676 shares of the company's stock valued at $6,708,000 after purchasing an additional 126,902 shares during the period. Finally, Readystate Asset Management LP boosted its holdings in Herbalife by 748.1% in the 1st quarter. Readystate Asset Management LP now owns 114,495 shares of the company's stock valued at $988,000 after purchasing an additional 100,995 shares in the last quarter.

Herbalife Stock Performance

HLF stock opened at $9.17 on Friday. Herbalife Ltd has a 1 year low of $5.04 and a 1 year high of $11.02. The stock's 50 day moving average price is $8.78 and its 200 day moving average price is $7.69. The firm has a market cap of $933.96 million, a P/E ratio of 3.35, a PEG ratio of 0.27 and a beta of 0.85.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.19. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a net margin of 5.66% and a negative return on equity of 23.75%. The company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, research analysts predict that Herbalife Ltd will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of Herbalife stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $6.75 per share, for a total transaction of $33,750.00. Following the completion of the transaction, the director owned 166,857 shares of the company's stock, valued at $1,126,284.75. This represents a 3.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

HLF has been the subject of a number of analyst reports. Citigroup cut their target price on Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Mizuho upped their price objective on Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. Finally, Wall Street Zen raised shares of Herbalife from a "buy" rating to a "strong-buy" rating in a report on Saturday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $11.50.

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.

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