Mackenzie Financial Corp Raises Stock Position in Herbalife Ltd (NYSE:HLF)

Mackenzie Financial Corp boosted its position in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 25.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,520 shares of the company's stock after purchasing an additional 37,003 shares during the period. Mackenzie Financial Corp owned approximately 0.18% of Herbalife worth $1,558,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HLF. KLP Kapitalforvaltning AS purchased a new stake in shares of Herbalife in the 4th quarter valued at approximately $192,000. Vanguard Group Inc. raised its stake in shares of Herbalife by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock valued at $75,406,000 after acquiring an additional 785,574 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of Herbalife in the 4th quarter valued at approximately $482,000. Franklin Resources Inc. raised its stake in shares of Herbalife by 589.0% in the 4th quarter. Franklin Resources Inc. now owns 75,353 shares of the company's stock valued at $504,000 after acquiring an additional 64,416 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Herbalife by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 2,680,425 shares of the company's stock valued at $17,936,000 after acquiring an additional 64,911 shares during the period.

Insiders Place Their Bets

In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average cost of $6.75 per share, with a total value of $33,750.00. Following the purchase, the director directly owned 166,857 shares in the company, valued at approximately $1,126,284.75. This represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HLF. Mizuho boosted their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Monday, July 28th. Citigroup reduced their price target on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, Wall Street Zen raised shares of Herbalife from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Herbalife presently has an average rating of "Buy" and a consensus price target of $11.50.

Herbalife Stock Up 4.6%

Shares of HLF opened at $9.56 on Tuesday. Herbalife Ltd has a fifty-two week low of $5.04 and a fifty-two week high of $10.83. The firm's 50 day moving average price is $8.78 and its 200 day moving average price is $7.70. The company has a market cap of $974.06 million, a P/E ratio of 3.49, a PEG ratio of 0.27 and a beta of 0.85.

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.

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