Herbalife Ltd. (NYSE:HLF) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 94.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 277,742 shares of the company's stock after selling 5,000,000 shares during the period. Nuveen Asset Management LLC owned approximately 0.28% of Herbalife worth $1,858,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HLF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Herbalife by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,441 shares of the company's stock worth $384,000 after purchasing an additional 2,516 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Herbalife by 37.4% during the fourth quarter. Lazard Asset Management LLC now owns 125,764 shares of the company's stock worth $841,000 after purchasing an additional 34,220 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake 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 worth $17,195,000 after buying an additional 1,031,078 shares during the last quarter. K2 Principal Fund L.P. acquired a new position in Herbalife during the fourth quarter worth $401,000. Finally, Graham Capital Management L.P. boosted its stake in Herbalife by 53.8% during the fourth 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.

Analyst Upgrades and Downgrades

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

Herbalife Stock Up 3.9%

NYSE:HLF traded up $0.29 during trading hours on Friday, hitting $7.73. 1,141,444 shares of the stock were exchanged, compared to its average volume of 2,223,208. The company's 50 day moving average is $7.13 and its two-hundred day moving average is $7.18. The company has a market capitalization of $787.18 million, a P/E ratio of 3.10, a price-to-earnings-growth ratio of 0.29 and a beta of 0.86. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79.

Herbalife (NYSE:HLF - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.19. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $0.49 EPS. Herbalife's revenue was down 3.4% on a year-over-year basis. On average, equities research analysts expect that Herbalife Ltd. will post 1.57 EPS for the current year.

Insider Activity at Herbalife

In other news, Director Juan Miguel Mendoza purchased 5,000 shares of the business's stock in a transaction 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 directly owns 166,857 shares in the company, valued at approximately $1,126,284.75. The trade was a 3.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.73% of the stock is owned by company insiders.

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.