Herbalife Ltd (NYSE:HLF) Shares Acquired by Mackenzie Financial Corp

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

Several other hedge funds and other institutional investors have also made changes to their positions in HLF. Quadrant Capital Group LLC boosted its stake 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 buying an additional 3,714 shares during the last quarter. CWM LLC boosted its stake in Herbalife by 199.7% during the 1st quarter. CWM LLC now owns 7,969 shares of the company's stock valued at $69,000 after acquiring an additional 5,310 shares during the last quarter. Bridgefront Capital LLC acquired a new position in Herbalife during the 4th quarter worth $71,000. Headlands Technologies LLC increased its position in shares of 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 during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Herbalife in the 1st quarter valued at about $105,000.

Insider Buying and Selling

In other Herbalife news, Director Juan Miguel Mendoza purchased 5,000 shares of Herbalife stock in a transaction on Thursday, May 22nd. The stock was bought at an average price of $6.75 per share, for a total transaction of $33,750.00. Following the transaction, the director owned 166,857 shares of the company's stock, valued at $1,126,284.75. The trade was a 3.09% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.73% of the stock is currently owned by corporate insiders.

Herbalife Stock Up 3.8%

HLF stock traded up $0.33 during mid-day trading on Friday, reaching $8.95. The company had a trading volume of 1,584,338 shares, compared to its average volume of 2,183,604. Herbalife Ltd has a one year low of $5.04 and a one year high of $10.83. The stock has a market capitalization of $911.02 million, a P/E ratio of 2.82, a P/E/G ratio of 0.28 and a beta of 0.85. The stock's 50-day simple moving average is $8.92 and its two-hundred day simple moving average is $7.76.

Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. Herbalife had a net margin of 6.59% and a negative return on equity of 25.91%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm posted $0.54 EPS. Herbalife's quarterly revenue was down 1.7% compared to the same quarter last year. On average, research analysts forecast that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

HLF has been the topic of several research reports. Wall Street Zen upgraded Herbalife from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Citigroup dropped their price target on Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Mizuho raised their price objective on Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $11.50.

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.