Herbalife Ltd (NYSE:HLF) Holdings Decreased by LSV Asset Management

Key Points

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LSV Asset Management reduced its holdings in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 5.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,873,031 shares of the company's stock after selling 153,140 shares during the period. LSV Asset Management owned approximately 2.82% of Herbalife worth $24,794,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Herbalife by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock worth $75,406,000 after purchasing an additional 785,574 shares during the period. Renaissance Technologies LLC boosted its position in Herbalife by 9.9% during the fourth quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company's stock worth $47,425,000 after purchasing an additional 638,567 shares in the last quarter. Long Focus Capital Management LLC increased its position in shares of Herbalife by 27.3% in the fourth quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock valued at $31,832,000 after buying an additional 1,020,127 shares in the last quarter. Iridian Asset Management LLC CT increased its holdings in Herbalife by 10.7% during the 1st quarter. Iridian Asset Management LLC CT now owns 2,775,430 shares of the company's stock valued at $23,952,000 after acquiring an additional 267,690 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Herbalife by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,680,425 shares of the company's stock valued at $17,936,000 after purchasing an additional 64,911 shares during the last quarter.

Herbalife Price Performance

Herbalife stock traded down $0.62 during midday trading on Thursday, hitting $8.64. 3,220,650 shares of the stock were exchanged, compared to its average volume of 2,180,740. The company has a 50 day moving average price of $8.90 and a two-hundred day moving average price of $7.74. The firm has a market cap of $879.47 million, a P/E ratio of 3.15, a P/E/G ratio of 0.28 and a beta of 0.85. Herbalife Ltd has a 1 year low of $5.04 and a 1 year high of $10.83.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share 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 net margin of 5.66% and a negative return on equity of 23.75%. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. As a group, analysts predict that Herbalife Ltd will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HLF shares. Citigroup cut their price target on Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen raised Herbalife from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Finally, Mizuho increased their target price on Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $11.50.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average cost of $6.75 per share, with a total value of $33,750.00. Following the acquisition, the director directly owned 166,857 shares of the company's stock, valued at $1,126,284.75. This represents a 3.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.73% of the stock is currently owned by company insiders.

Herbalife 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.