Herbalife Ltd $HLF Shares Sold by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Herbalife Ltd by 18.7%, selling 480,772 shares and owning approximately 2.05% of the company, valued at $18,032,000.
• Analysts recently varied their ratings on Herbalife, with Wall Street Zen downgrading it from "strong-buy" to "buy," while Mizuho increased its price target from $8.00 to $9.00, maintaining a "neutral" rating.
• Herbalife reported $0.59 earnings per share for the latest quarter, exceeding expectations, but its annual revenue saw a 1.7% decline year-over-year.

Jacobs Levy Equity Management Inc. lessened its stake in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,089,454 shares of the company's stock after selling 480,772 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 2.05% of Herbalife worth $18,032,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HLF. Caitong International Asset Management Co. Ltd raised its position in Herbalife by 4,406.4% in the first 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 in the last quarter. CWM LLC raised its position in Herbalife by 199.7% in the first quarter. CWM LLC now owns 7,969 shares of the company's stock worth $69,000 after acquiring an additional 5,310 shares in the last quarter. Bridgefront Capital LLC purchased a new position in Herbalife in the fourth quarter worth $71,000. MQS Management LLC purchased a new position in Herbalife in the first quarter worth $105,000. Finally, Cerity Partners LLC purchased a new position in Herbalife in the first quarter worth $108,000.

Herbalife Stock Down 2.1%

Shares of HLF traded down $0.20 during trading hours on Wednesday, reaching $9.28. 2,176,556 shares of the company traded hands, compared to its average volume of 2,138,427. The stock has a market capitalization of $957.07 million, a PE ratio of 2.93, a price-to-earnings-growth ratio of 0.30 and a beta of 0.89. Herbalife Ltd has a fifty-two week low of $5.04 and a fifty-two week high of $10.83. The stock has a fifty day simple moving average of $9.56 and a 200 day simple moving average of $8.35.

Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 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 analyst estimates of $1.27 billion. Herbalife had a negative return on equity of 27.36% and a net margin of 6.59%.The business's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Research analysts predict that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on HLF shares. Wall Street Zen cut Herbalife from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Mizuho raised their price target on Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.