Herbalife Ltd $HLF Shares Bought by Range Financial Group LLC

Key Points

• Range Financial Group LLC increased its holdings in Herbalife Ltd by 475.1% in the second quarter, acquiring an additional 152,946 shares, bringing their total to 185,141 shares worth approximately $1.6 million.
• Several institutional investors, including Northern Trust Corp and Readystate Asset Management LP, have also significantly increased their stakes in Herbalife, highlighting growing investor interest.
• Herbalife's stock trades at $9.28, with a 12-month low of $5.04 and a high of $10.83, and analysts have a consensus price target of $11.50 for the stock.

Range Financial Group LLC lifted its position in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 475.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,141 shares of the company's stock after buying an additional 152,946 shares during the period. Range Financial Group LLC owned about 0.18% of Herbalife worth $1,596,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of Herbalife by 4.1% during the 1st quarter. Rhumbline Advisers now owns 152,987 shares of the company's stock valued at $1,320,000 after buying an additional 6,081 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Herbalife by 3.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,904 shares of the company's stock worth $1,820,000 after purchasing an additional 6,747 shares during the period. Empowered Funds LLC increased its stake in Herbalife by 12.9% in the 1st quarter. Empowered Funds LLC now owns 30,301 shares of the company's stock worth $261,000 after purchasing an additional 3,474 shares during the period. Tenzing Global Management LLC purchased a new position in Herbalife in the 1st quarter worth approximately $6,904,000. Finally, Parallax Volatility Advisers L.P. purchased a new position in Herbalife in the 1st quarter worth approximately $790,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HLF. Mizuho lifted their price target on Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Wall Street Zen raised Herbalife from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.50.

Herbalife Price Performance

HLF traded down $0.16 on Friday, reaching $9.12. 2,148,345 shares of the stock were exchanged, compared to its average volume of 1,535,373. The company's 50-day moving average price is $9.45 and its 200 day moving average price is $8.40. Herbalife Ltd has a fifty-two week low of $5.04 and a fifty-two week high of $10.83. The firm has a market capitalization of $940.36 million, a PE ratio of 2.88, a PEG ratio of 0.28 and a beta of 0.89.

Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. Herbalife had a negative return on equity of 27.36% and a net margin of 6.59%.The company's revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. As a group, equities analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Herbalife Company 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.