Mackenzie Financial Corp Takes Position in Herbalife Ltd. (NYSE:HLF)

Mackenzie Financial Corp bought a new position in shares of Herbalife Ltd. (NYSE:HLF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 143,517 shares of the company's stock, valued at approximately $960,000. Mackenzie Financial Corp owned about 0.14% of Herbalife as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after purchasing an additional 3,714 shares during the last quarter. R Squared Ltd bought a new position in Herbalife in the fourth quarter worth about $63,000. Van ECK Associates Corp boosted its stake in Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock valued at $70,000 after acquiring an additional 5,524 shares in the last quarter. Bridgefront Capital LLC acquired a new position in Herbalife during the 4th quarter valued at about $71,000. Finally, Headlands Technologies LLC boosted its stake in Herbalife by 12,307.6% in the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock worth $76,000 after purchasing an additional 11,323 shares in the last quarter.

Herbalife Stock Down 2.8%

HLF traded down $0.22 on Wednesday, hitting $7.67. 1,161,348 shares of the company traded hands, compared to its average volume of 2,238,157. The stock has a market capitalization of $781.17 million, a PE ratio of 3.08, a PEG ratio of 0.29 and a beta of 0.88. The company has a 50 day moving average of $7.17 and a 200-day moving average of $7.19. Herbalife Ltd. has a 12-month low of $5.04 and a 12-month high of $12.79.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.40 by $0.19. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The company's quarterly revenue was down 3.4% on a year-over-year basis. On average, research analysts anticipate that Herbalife Ltd. will post 1.57 EPS for the current year.

Insider Activity

In other news, Director Juan Miguel Mendoza acquired 5,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was bought at an average cost of $6.75 per share, with a total value of $33,750.00. Following the transaction, the director now directly owns 166,857 shares in the company, valued at approximately $1,126,284.75. This represents a 3.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.73% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HLF. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $7.50 to $14.00 in a report on Friday, March 21st. Citigroup dropped their price objective on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded Herbalife from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Herbalife currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

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.