Pekin Hardy Strauss Inc. Sells 101,974 Shares of Herbalife Ltd (NYSE:HLF)

Pekin Hardy Strauss Inc. lessened its holdings in Herbalife Ltd (NYSE:HLF - Free Report) by 21.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 383,081 shares of the company's stock after selling 101,974 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.38% of Herbalife worth $3,306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLF. Quadrant Capital Group LLC boosted its position in shares of Herbalife by 641.5% in the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock worth $29,000 after purchasing an additional 3,714 shares in the last quarter. Bridgefront Capital LLC purchased a new position in Herbalife during the fourth quarter valued at $71,000. Headlands Technologies LLC boosted its holdings in Herbalife by 12,307.6% in the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock worth $76,000 after acquiring an additional 11,323 shares in the last quarter. Quarry LP purchased a new stake in shares of Herbalife in the fourth quarter worth $170,000. Finally, ProShare Advisors LLC grew its stake in shares of Herbalife by 50.5% in the fourth quarter. ProShare Advisors LLC now owns 28,428 shares of the company's stock worth $190,000 after acquiring an additional 9,545 shares during the last quarter.

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza purchased 5,000 shares of the stock in a transaction dated 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 acquisition, the director directly owned 166,857 shares of the company's stock, valued at $1,126,284.75. This represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have purchased 13,143 shares of company stock valued at $90,973. Insiders own 1.73% of the company's stock.

Herbalife Price Performance

Shares of Herbalife stock traded down $0.33 during trading on Monday, hitting $9.65. 1,348,289 shares of the company's stock traded hands, compared to its average volume of 2,190,190. Herbalife Ltd has a 1 year low of $5.04 and a 1 year high of $12.79. The business has a 50-day simple moving average of $7.70 and a 200-day simple moving average of $7.27. The stock has a market capitalization of $982.85 million, a P/E ratio of 3.52, a PEG ratio of 0.30 and a beta of 0.89.

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

Analysts Set New Price Targets

HLF has been the subject of several recent analyst reports. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $7.50 to $14.00 in a research report on Friday, March 21st. Wall Street Zen upgraded shares of Herbalife from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Citigroup dropped their target price on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.