Teacher Retirement System of Texas Makes New $1.39 Million Investment in Herbalife Ltd (NYSE:HLF)

Teacher Retirement System of Texas acquired a new stake in Herbalife Ltd (NYSE:HLF - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 160,863 shares of the company's stock, valued at approximately $1,388,000. Teacher Retirement System of Texas owned about 0.16% of Herbalife as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in shares of Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after acquiring an additional 3,714 shares during the period. Bridgefront Capital LLC acquired a new position in Herbalife during the fourth quarter worth $71,000. Headlands Technologies LLC raised its holdings in Herbalife by 12,307.6% during the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock worth $76,000 after buying an additional 11,323 shares during the last quarter. Quarry LP acquired a new position in Herbalife during the fourth quarter worth $170,000. Finally, ProShare Advisors LLC raised its holdings in Herbalife by 50.5% during the fourth quarter. ProShare Advisors LLC now owns 28,428 shares of the company's stock worth $190,000 after buying an additional 9,545 shares during the last quarter.

Herbalife Stock Down 2.2%

HLF traded down $0.20 during trading on Wednesday, hitting $9.08. 1,321,989 shares of the company traded hands, compared to its average volume of 2,187,870. The firm has a market cap of $924.49 million, a P/E ratio of 3.31, a price-to-earnings-growth ratio of 0.29 and a beta of 0.89. The stock's fifty day moving average is $8.10 and its 200 day moving average is $7.43. 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 posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.19. The company 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%. The firm's revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, equities research analysts forecast that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HLF has been the topic of several research reports. DA Davidson upgraded shares of Herbalife from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.50 to $14.00 in a report on Friday, March 21st. Citigroup lowered their price objective 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. Finally, Wall Street Zen upgraded shares of Herbalife from a "hold" rating to a "buy" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.50.

Insiders Place Their Bets

In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $6.75 per share, for a total transaction of $33,750.00. Following the completion of the transaction, the director directly owned 166,857 shares of the company's stock, valued at $1,126,284.75. This trade represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 13,143 shares of company stock worth $90,973 in the last three months. 1.73% of the stock is owned by company insiders.

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.