Man Group plc reduced its position in Herbalife Ltd. (NYSE:HLF - Free Report) by 78.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,192 shares of the company's stock after selling 96,570 shares during the quarter. Man Group plc's holdings in Herbalife were worth $175,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HLF. Quadrant Capital Group LLC increased its holdings in Herbalife by 641.5% in the fourth 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. R Squared Ltd bought a new position in shares of Herbalife during the fourth quarter valued at approximately $63,000. Van ECK Associates Corp grew its holdings in shares of Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock valued at $70,000 after purchasing an additional 5,524 shares during the last quarter. Bridgefront Capital LLC bought a new position in shares of Herbalife during the fourth quarter valued at approximately $71,000. Finally, Headlands Technologies LLC grew its holdings in shares of Herbalife by 12,307.6% during the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock valued at $76,000 after purchasing an additional 11,323 shares during the last quarter.
Herbalife Stock Up 3.1%
HLF traded up $0.24 during trading on Thursday, reaching $7.93. The stock had a trading volume of 1,894,955 shares, compared to its average volume of 2,250,569. The stock has a 50 day moving average of $7.23 and a two-hundred day moving average of $7.19. Herbalife Ltd. has a 1-year low of $5.04 and a 1-year high of $12.79. The firm has a market capitalization of $807.14 million, a price-to-earnings ratio of 3.18, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88.
Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.19. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. Herbalife's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. On average, research analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.
Insiders Place Their Bets
In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 166,857 shares of the company's stock, valued at $1,126,284.75. This represents a 3.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired 12,500 shares of company stock valued at $87,400 over the last three months. 1.73% of the stock is currently owned by insiders.
Analyst Ratings Changes
HLF has been the subject of several recent research reports. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and upped their target price for the company from $7.50 to $14.00 in a report on Friday, March 21st. Citigroup reduced their price objective on Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Wall Street Zen downgraded Herbalife from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Herbalife currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.
View Our Latest Stock Report on Herbalife
Herbalife Profile
(
Free Report)
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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