Huber Capital Management LLC Increases Stake in Herbalife Ltd $HLF

Key Points

• Huber Capital Management LLC increased its stake in Herbalife Ltd by 9.4%, owning 347,500 shares worth approximately $2,999,000 after purchasing an additional 29,900 shares in the first quarter.
• Herbalife's stock recently opened at $9.48, with market analysts maintaining a consensus rating of "Moderate Buy" and an average price target of $11.50.
• Despite beating earnings per share expectations of $0.53 by posting $0.59, Herbalife reported a 1.7% decline in quarterly revenue year-over-year.

Huber Capital Management LLC lifted its stake in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 347,500 shares of the company's stock after acquiring an additional 29,900 shares during the quarter. Huber Capital Management LLC owned approximately 0.34% of Herbalife worth $2,999,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC boosted its stake in shares of Herbalife by 10.7% during the fourth quarter. Barclays PLC now owns 178,679 shares of the company's stock valued at $1,195,000 after purchasing an additional 17,253 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Herbalife by 52.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 33,292 shares of the company's stock worth $223,000 after purchasing an additional 11,507 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in shares of Herbalife during the fourth quarter worth $251,000. Northern Trust Corp increased its holdings 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 buying an additional 126,902 shares in the last quarter. Finally, AXA S.A. increased its holdings in Herbalife by 432.3% in the fourth quarter. AXA S.A. now owns 162,428 shares of the company's stock valued at $1,087,000 after buying an additional 131,916 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Mizuho boosted their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Herbalife presently has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Herbalife Stock Performance

Shares of Herbalife stock traded up $0.62 on Monday, reaching $9.79. The company had a trading volume of 3,073,314 shares, compared to its average volume of 1,970,785. The firm's 50 day moving average price is $9.38 and its two-hundred day moving average price is $8.20. The firm has a market cap of $1.01 billion, a PE ratio of 3.09, a PEG ratio of 0.30 and a beta of 0.89. Herbalife Ltd has a 52-week low of $5.04 and a 52-week high of $10.83.

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