Long Focus Capital Management LLC Has $42.66 Million Position in Herbalife Ltd $HLF

Key Points

• Long Focus Capital Management LLC increased its stake in Herbalife Ltd by 3.9% to approximately $42.66 million, making it the firm's 16th largest holding.
• Herbalife's stock has a market capitalization of $1.01 billion, and the company reported $0.59 EPS in its latest quarterly earnings, surpassing analyst expectations.
• Wall Street analysts have a Moderate Buy average rating on Herbalife, with a price target of $11.50.

Long Focus Capital Management LLC lifted its holdings in Herbalife Ltd (NYSE:HLF - Free Report) by 3.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,943,000 shares of the company's stock after buying an additional 184,873 shares during the quarter. Herbalife comprises 1.4% of Long Focus Capital Management LLC's portfolio, making the stock its 16th biggest holding. Long Focus Capital Management LLC owned about 4.85% of Herbalife worth $42,658,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Herbalife by 10.9% in the first quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company's stock valued at $107,835,000 after buying an additional 1,223,957 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Herbalife by 13.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,057,219 shares of the company's stock valued at $26,384,000 after purchasing an additional 360,659 shares in the last quarter. Iridian Asset Management LLC CT increased its holdings in shares of Herbalife by 10.7% in the first quarter. Iridian Asset Management LLC CT now owns 2,775,430 shares of the company's stock valued at $23,952,000 after purchasing an additional 267,690 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Herbalife by 67.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company's stock valued at $17,195,000 after purchasing an additional 1,031,078 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of 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 purchasing an additional 126,902 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HLF shares. Mizuho raised their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Wall Street Zen cut Herbalife from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Herbalife presently has an average rating of "Moderate Buy" and a consensus target price of $11.50.

Herbalife Price Performance

Shares of Herbalife stock traded up $0.15 during trading on Wednesday, hitting $9.94. 2,764,717 shares of the company were exchanged, compared to its average volume of 2,153,617. The firm has a market capitalization of $1.02 billion, a P/E ratio of 3.14, a price-to-earnings-growth ratio of 0.30 and a beta of 0.89. Herbalife Ltd has a 1-year low of $5.04 and a 1-year high of $10.83. The firm's fifty day moving average price is $9.44 and its 200 day moving average price is $8.24.

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, topping the consensus estimate of $0.53 by $0.06. The company had revenue of $1.26 billion during 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 company's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. As a group, equities research analysts anticipate 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.