Perpetual Ltd Sells 217,400 Shares of Herbalife Ltd (NYSE:HLF)

Perpetual Ltd lowered its holdings in Herbalife Ltd (NYSE:HLF - Free Report) by 22.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 748,663 shares of the company's stock after selling 217,400 shares during the period. Perpetual Ltd owned approximately 0.74% of Herbalife worth $6,461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of HLF. Quadrant Capital Group LLC increased its holdings in Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock worth $29,000 after acquiring an additional 3,714 shares during the period. Bridgefront Capital LLC bought a new stake in Herbalife during the 4th quarter worth approximately $71,000. Headlands Technologies LLC increased its holdings 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 period. Quarry LP bought a new stake in Herbalife during the 4th quarter worth approximately $170,000. Finally, ProShare Advisors LLC increased its holdings in Herbalife by 50.5% during the 4th 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 period.

Herbalife Price Performance

Shares of NYSE:HLF opened at $8.75 on Friday. The company's fifty day moving average price is $7.42 and its 200-day moving average price is $7.19. The firm has a market capitalization of $891.59 million, a price-to-earnings ratio of 3.19, a PEG ratio of 0.25 and a beta of 0.86. Herbalife Ltd has a one year low of $5.04 and a one year high of $12.79.

Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 5.66% and a negative return on equity of 23.75%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. As a group, equities research analysts expect that Herbalife Ltd will post 1.57 EPS for the current year.

Insider Activity at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of Herbalife stock in a transaction that occurred on Thursday, May 22nd. The shares were bought 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have acquired 13,143 shares of company stock valued at $90,973. Insiders own 1.73% of the company's stock.

Analyst Upgrades and Downgrades

HLF has been the topic of a number of analyst reports. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and upped their target price for the stock from $7.50 to $14.00 in a report on Friday, March 21st. Wall Street Zen raised shares of Herbalife from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, Citigroup decreased their target price on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Herbalife presently 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.

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