Perpetual Ltd reduced its stake in Herbalife Ltd (NYSE:HLF - Free Report) by 22.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 748,663 shares of the company's stock after selling 217,400 shares during the period. Perpetual Ltd owned 0.74% of Herbalife worth $6,461,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in Herbalife by 641.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock worth $29,000 after buying an additional 3,714 shares during the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Herbalife in the 4th quarter valued at approximately $71,000. Headlands Technologies LLC boosted its stake in Herbalife by 12,307.6% during the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock worth $76,000 after acquiring an additional 11,323 shares during the last quarter. Quarry LP acquired a new position in Herbalife during the fourth quarter valued at approximately $170,000. Finally, ProShare Advisors LLC increased its stake in Herbalife by 50.5% in the fourth quarter. ProShare Advisors LLC now owns 28,428 shares of the company's stock valued at $190,000 after purchasing an additional 9,545 shares in the last quarter.
Herbalife Price Performance
HLF stock traded up $0.62 during trading hours on Tuesday, reaching $9.24. 1,668,955 shares of the stock were exchanged, compared to its average volume of 2,191,702. The firm's 50-day moving average is $7.46 and its 200-day moving average is $7.19. Herbalife Ltd has a 12 month low of $5.04 and a 12 month high of $12.79. The company has a market cap of $940.58 million, a price-to-earnings ratio of 3.35, a PEG ratio of 0.26 and a beta of 0.86.
Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.19. Herbalife had a negative return on equity of 23.75% and a net margin of 5.66%. 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 company earned $0.49 earnings per share. Herbalife's quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on HLF. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and boosted their price target for the company from $7.50 to $14.00 in a report on Friday, March 21st. Citigroup cut their price objective on Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Wall Street Zen raised Herbalife from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $11.50.
Check Out Our Latest Analysis on Herbalife
Insider Activity at Herbalife
In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $6.75 per share, with a total value of $33,750.00. Following the completion of the transaction, the director owned 166,857 shares in the company, valued at approximately $1,126,284.75. This trade represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 13,143 shares of company stock valued at $90,973 over the last 90 days. Insiders own 1.73% of the company's stock.
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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