SG Americas Securities LLC Boosts Position in Herbalife Ltd (NYSE:HLF)

SG Americas Securities LLC grew its stake in shares of Herbalife Ltd (NYSE:HLF - Free Report) by 573.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,098 shares of the company's stock after purchasing an additional 108,214 shares during the quarter. SG Americas Securities LLC owned approximately 0.13% of Herbalife worth $1,097,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its stake in shares of Herbalife by 641.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after purchasing an additional 3,714 shares during the period. Van ECK Associates Corp lifted its stake in Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock worth $70,000 after acquiring an additional 5,524 shares during the period. Bridgefront Capital LLC purchased a new stake in Herbalife in the fourth quarter worth about $71,000. Headlands Technologies LLC lifted its stake 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 during the period. Finally, GAMMA Investing LLC lifted its stake in Herbalife by 12,533.5% in the first quarter. GAMMA Investing LLC now owns 19,961 shares of the company's stock worth $1,720,000 after acquiring an additional 19,803 shares during the period.

Insider Activity at Herbalife

In related news, Director Juan Miguel Mendoza acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was purchased at an average cost of $6.75 per share, with a total value of $33,750.00. Following the transaction, the director now directly owns 166,857 shares of the company's stock, valued at $1,126,284.75. This trade represents a 3.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased 13,143 shares of company stock valued at $90,973 in the last three months. 1.73% of the stock is owned by insiders.

Herbalife Trading Up 2.6%

Shares of NYSE:HLF traded up $0.21 during trading on Thursday, reaching $8.10. The stock had a trading volume of 1,955,629 shares, compared to its average volume of 2,201,549. Herbalife Ltd has a one year low of $5.04 and a one year high of $12.79. The company has a market capitalization of $824.48 million, a P/E ratio of 2.95, a PEG ratio of 0.24 and a beta of 0.86. The firm's 50-day simple moving average is $7.20 and its 200 day simple moving average is $7.18.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.40 by $0.19. The firm had revenue of $1.22 billion during 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%. Herbalife's revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. Equities research analysts forecast 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 a number of research reports. Wall Street Zen raised shares of Herbalife from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. DA Davidson upgraded shares of Herbalife from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.50 to $14.00 in a report on Friday, March 21st. Finally, Citigroup lowered their price target 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Herbalife presently has an average rating of "Moderate Buy" and an average 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.