Nisa Investment Advisors LLC Grows Stock Position in Herbalife Ltd (NYSE:HLF)

Nisa Investment Advisors LLC lifted its stake in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 8,851.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,996 shares of the company's stock after acquiring an additional 75,147 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of Herbalife worth $656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in HLF. Bank of New York Mellon Corp increased its holdings in Herbalife by 37.4% in the fourth quarter. Bank of New York Mellon Corp now owns 539,132 shares of the company's stock worth $3,607,000 after purchasing an additional 146,750 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Herbalife by 8.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company's stock valued at $18,040,000 after acquiring an additional 216,603 shares in the last quarter. Swiss National Bank increased its holdings in shares of Herbalife by 1.6% during the fourth quarter. Swiss National Bank now owns 198,172 shares of the company's stock valued at $1,326,000 after acquiring an additional 3,100 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Herbalife by 44.5% during the fourth quarter. Intech Investment Management LLC now owns 39,902 shares of the company's stock valued at $267,000 after acquiring an additional 12,285 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Herbalife by 4.1% during the fourth quarter. Sei Investments Co. now owns 253,370 shares of the company's stock valued at $1,695,000 after acquiring an additional 9,903 shares in the last quarter.

Wall Street Analyst Weigh In

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

Insider Activity at Herbalife

In related news, Director Juan Miguel Mendoza acquired 5,000 shares of Herbalife stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $6.75 per share, with a total value of $33,750.00. Following the completion of the purchase, the director directly 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders bought 13,143 shares of company stock valued at $90,973 in the last quarter. 1.73% of the stock is owned by insiders.

Herbalife Trading Up 1.2%

NYSE HLF traded up $0.11 on Friday, hitting $9.27. The company's stock had a trading volume of 1,412,894 shares, compared to its average volume of 2,179,894. Herbalife Ltd has a 52-week low of $5.04 and a 52-week high of $12.79. The company's 50-day simple moving average is $8.24 and its 200 day simple moving average is $7.48. The firm has a market cap of $944.15 million, a P/E ratio of 3.38, a PEG ratio of 0.27 and a beta of 0.89.

Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.19. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a negative return on equity of 23.75% and a net margin of 5.66%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. On average, research analysts forecast that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

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.