GSA Capital Partners LLP Trims Position in Herbalife Ltd (NYSE:HLF)

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 decreased its position in Herbalife Ltd (NYSE:HLF - Free Report) by 61.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 86,347 shares of the company's stock after selling 135,477 shares during the period. GSA Capital Partners LLP owned about 0.08% of Herbalife worth $745,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Herbalife by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock valued at $75,406,000 after acquiring an additional 785,574 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Herbalife by 9.9% during the 4th 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 grew its stake in shares of Herbalife by 27.3% in 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. Iridian Asset Management LLC CT boosted its holdings in shares of Herbalife by 10.7% in the 1st quarter. Iridian Asset Management LLC CT now owns 2,775,430 shares of the company's stock worth $23,952,000 after acquiring an additional 267,690 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Herbalife by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 2,680,425 shares of the company's stock worth $17,936,000 after acquiring an additional 64,911 shares in the last quarter.

Analyst Ratings Changes

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

Herbalife Stock Down 3.8%

Herbalife stock traded down $0.36 during trading hours on Wednesday, hitting $9.10. The stock had a trading volume of 1,217,761 shares, compared to its average volume of 2,165,229. The stock has a market capitalization of $927.24 million, a P/E ratio of 3.29, a price-to-earnings-growth ratio of 0.28 and a beta of 0.85. Herbalife Ltd has a 12-month low of $5.04 and a 12-month high of $10.83. The stock's 50-day moving average price is $8.87 and its 200-day moving average price is $7.73.

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza purchased 5,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $6.75 per share, for a total transaction of $33,750.00. Following the acquisition, the director owned 166,857 shares of the company's stock, valued at approximately $1,126,284.75. This represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is owned by company insiders.

About Herbalife

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.