Nuveen Asset Management LLC Has $1.86 Million Holdings in Herbalife Ltd. (NYSE:HLF)

Nuveen Asset Management LLC cut its holdings in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 94.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 277,742 shares of the company's stock after selling 5,000,000 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.28% of Herbalife worth $1,858,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Herbalife by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,441 shares of the company's stock worth $384,000 after acquiring an additional 2,516 shares in the last quarter. Lazard Asset Management LLC raised its stake in Herbalife by 37.4% during the fourth quarter. Lazard Asset Management LLC now owns 125,764 shares of the company's stock valued at $841,000 after purchasing an additional 34,220 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its position in Herbalife by 67.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company's stock valued at $17,195,000 after purchasing an additional 1,031,078 shares during the last quarter. K2 Principal Fund L.P. purchased a new position in shares of Herbalife in the 4th quarter worth $401,000. Finally, Graham Capital Management L.P. increased its holdings in shares of Herbalife by 53.8% in the 4th quarter. Graham Capital Management L.P. now owns 133,526 shares of the company's stock worth $893,000 after buying an additional 46,687 shares during the last quarter.

Insider Buying and Selling at Herbalife

In related news, Director Juan Miguel Mendoza purchased 5,000 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average price of $6.75 per share, with a total value of $33,750.00. Following the acquisition, the director now owns 166,857 shares in the company, valued at approximately $1,126,284.75. This trade represents a 3.09% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HLF has been the subject of several recent research reports. Wall Street Zen upgraded Herbalife from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.50 to $14.00 in a research note on Friday, March 21st. Finally, Citigroup decreased their price objective on Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Herbalife currently has a consensus rating of "Moderate Buy" and an average price target of $11.50.

Herbalife Price Performance

Shares of Herbalife stock traded up $0.24 during trading on Friday, hitting $7.68. 524,012 shares of the stock were exchanged, compared to its average volume of 2,220,583. Herbalife Ltd. has a 12-month low of $5.04 and a 12-month high of $12.79. The stock has a market cap of $781.68 million, a price-to-earnings ratio of 3.08, a price-to-earnings-growth ratio of 0.29 and a beta of 0.86. The firm's 50-day moving average price is $7.15 and its 200 day moving average price is $7.18.

Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share (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 firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. Herbalife's revenue was down 3.4% on a year-over-year basis. As a group, research analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current year.

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.