Hotchkis & Wiley Capital Management LLC Trims Stock Position in Herbalife Ltd $HLF

Key Points

• Hotchkis & Wiley Capital Management LLC reduced its holdings in Herbalife Ltd by 66.0%, owning approximately 0.91% of the company worth $7.96 million after selling nearly 1.8 million shares.
• Several other institutional investors made significant changes to their positions in Herbalife, with Caitong International Asset Management Co. Ltd increasing its stake by an astonishing 4,406.4% during the first quarter.
• Herbalife reported $0.59 EPS in its most recent earnings, beating estimates, but its revenue declined by 1.7% year-over-year with a net margin of just 6.59%.

Hotchkis & Wiley Capital Management LLC lessened its position in Herbalife Ltd (NYSE:HLF - Free Report) by 66.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 922,610 shares of the company's stock after selling 1,786,980 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.91% of Herbalife worth $7,962,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HLF. Q Global Advisors LLC raised its position in Herbalife by 22.1% in the 1st quarter. Q Global Advisors LLC now owns 444,765 shares of the company's stock worth $3,838,000 after purchasing an additional 80,367 shares during the period. Algert Global LLC raised its holdings in shares of Herbalife by 50.0% in the first quarter. Algert Global LLC now owns 308,919 shares of the company's stock worth $2,666,000 after buying an additional 102,910 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Herbalife by 4,406.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company's stock worth $42,000 after acquiring an additional 4,803 shares during the last quarter. Nuveen LLC purchased a new position in Herbalife during the 1st quarter valued at $2,526,000. Finally, Invesco Ltd. grew its position in Herbalife by 99.5% in the 1st quarter. Invesco Ltd. now owns 450,086 shares of the company's stock valued at $3,884,000 after acquiring an additional 224,457 shares during the last quarter.

Analysts Set New Price Targets

HLF has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. Mizuho boosted their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Finally, 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 research note on Thursday, May 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Herbalife Trading Down 3.2%

Shares of HLF traded down $0.31 during trading hours on Thursday, hitting $9.18. The company had a trading volume of 1,955,869 shares, compared to its average volume of 2,149,582. The company has a market capitalization of $946.03 million, a PE ratio of 2.89, a price-to-earnings-growth ratio of 0.28 and a beta of 0.85. Herbalife Ltd has a one year low of $5.04 and a one year high of $10.83. The company's fifty day moving average price is $9.32 and its two-hundred day moving average price is $8.09.

Herbalife (NYSE:HLF - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Herbalife had a negative return on equity of 27.36% and a net margin of 6.59%.The firm's quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current year.

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.