Tenzing Global Management LLC Makes New Investment in Herbalife Ltd $HLF

Key Points

• Tenzing Global Management LLC acquired 800,000 shares of Herbalife Ltd, valued at approximately $6.9 million, making it the fund's 9th largest position.
• Several other institutional investors, including Northern Trust and AXA S.A., also significantly increased their stakes in Herbalife during the fourth quarter.
• Herbalife's consensus rating is currently a "Moderate Buy" with an average price target of $11.50, after a recent upgrade from Mizuho.

Tenzing Global Management LLC acquired a new position in Herbalife Ltd (NYSE:HLF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 800,000 shares of the company's stock, valued at approximately $6,904,000. Herbalife makes up about 5.0% of Tenzing Global Management LLC's investment portfolio, making the stock its 9th biggest holding. Tenzing Global Management LLC owned approximately 0.79% of Herbalife as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Parallax Volatility Advisers L.P. bought a new position in shares of Herbalife during the 1st quarter worth $790,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Herbalife by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,964 shares of the company's stock worth $517,000 after acquiring an additional 2,523 shares during the period. AQR Capital Management LLC lifted its stake in Herbalife by 236.8% in the first quarter. AQR Capital Management LLC now owns 133,245 shares of the company's stock worth $1,150,000 after acquiring an additional 93,686 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Herbalife by 6,837.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 889,400 shares of the company's stock worth $7,676,000 after acquiring an additional 902,600 shares in the last quarter. Finally, Long Focus Capital Management LLC increased its position in Herbalife by 3.9% during the 1st quarter. Long Focus Capital Management LLC now owns 4,943,000 shares of the company's stock valued at $42,658,000 after purchasing an additional 184,873 shares during the period.

Herbalife Trading Up 1.7%

Shares of HLF traded up $0.16 during midday trading on Friday, hitting $9.51. 628,027 shares of the company's stock traded hands, compared to its average volume of 2,127,365. The stock has a market capitalization of $980.06 million, a price-to-earnings ratio of 3.00, a price-to-earnings-growth ratio of 0.28 and a beta of 0.89. Herbalife Ltd has a 1 year low of $5.04 and a 1 year high of $10.83. The firm's fifty day moving average is $9.54 and its 200-day moving average is $8.36.

Herbalife (NYSE:HLF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.06. Herbalife had a negative return on equity of 27.36% and a net margin of 6.59%.The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company posted $0.54 EPS. The firm's quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities research analysts anticipate that Herbalife Ltd will post 1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

HLF has been the subject of several research reports. Mizuho upped their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Wall Street Zen cut Herbalife from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 10th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.50.

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.