Northern Trust Corp lifted its stake in Herbalife Ltd. (NYSE:HLF - Free Report) by 14.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,002,676 shares of the company's stock after buying an additional 126,902 shares during the quarter. Northern Trust Corp owned approximately 0.99% of Herbalife worth $6,708,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Exchange Traded Concepts LLC increased its position in Herbalife by 3.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company's stock valued at $300,000 after acquiring an additional 1,636 shares during the last quarter. Swiss National Bank increased its position in Herbalife by 1.6% during the fourth quarter. Swiss National Bank now owns 198,172 shares of the company's stock valued at $1,326,000 after acquiring an additional 3,100 shares during the last quarter. Inspire Investing LLC increased its position in Herbalife by 6.1% during the fourth quarter. Inspire Investing LLC now owns 59,879 shares of the company's stock valued at $401,000 after acquiring an additional 3,458 shares during the last quarter. Quadrant Capital Group LLC increased its position in Herbalife by 641.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after acquiring an additional 3,714 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock valued at $70,000 after acquiring an additional 5,524 shares during the last quarter.
Herbalife Price Performance
NYSE:HLF traded down $0.30 during midday trading on Friday, hitting $6.67. The company's stock had a trading volume of 1,495,061 shares, compared to its average volume of 2,250,786. Herbalife Ltd. has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The firm's 50 day moving average is $7.28 and its 200-day moving average is $7.21. The firm has a market cap of $678.81 million, a P/E ratio of 2.68, a P/E/G ratio of 0.29 and a beta of 0.88.
Herbalife (NYSE:HLF - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The business's revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. As a group, analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current year.
Insider Buying and Selling at Herbalife
In other Herbalife news, Director Juan Miguel Mendoza acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price of $6.73 per share, for a total transaction of $33,650.00. Following the completion of the acquisition, the director now owns 140,000 shares of the company's stock, valued at approximately $942,200. This trade represents a 3.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have bought 17,500 shares of company stock worth $128,650. Corporate insiders own 1.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on HLF shares. DA Davidson upgraded shares of Herbalife from a "neutral" rating to a "buy" rating and upped their price target for the stock from $7.50 to $14.00 in a report on Friday, March 21st. Citigroup cut their price target 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. Finally, Wall Street Zen cut shares of Herbalife from a "buy" rating to a "hold" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $11.50.
Check Out Our Latest Research Report on Herbalife
Herbalife Profile
(
Free Report)
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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