Tenzing Global Management LLC Acquires Shares of 800,000 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 stake in Herbalife Ltd (NYSE:HLF - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 800,000 shares of the company's stock, valued at approximately $6,904,000. Herbalife makes up approximately 5.0% of Tenzing Global Management LLC's holdings, making the stock its 9th largest position. Tenzing Global Management LLC owned about 0.79% of Herbalife at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLF. Northern Trust Corp increased its holdings in Herbalife by 14.5% in the fourth quarter. Northern Trust Corp now owns 1,002,676 shares of the company's stock valued at $6,708,000 after buying an additional 126,902 shares in the last quarter. AXA S.A. increased its holdings in Herbalife by 432.3% in the fourth quarter. AXA S.A. now owns 162,428 shares of the company's stock valued at $1,087,000 after buying an additional 131,916 shares in the last quarter. Algert Global LLC increased its holdings in Herbalife by 375.2% in the fourth quarter. Algert Global LLC now owns 206,009 shares of the company's stock valued at $1,378,000 after buying an additional 162,656 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Herbalife by 218.5% in the fourth quarter. Ameriprise Financial Inc. now owns 812,692 shares of the company's stock valued at $5,437,000 after buying an additional 557,518 shares in the last quarter. Finally, Bridgefront Capital LLC purchased a new position in Herbalife in the fourth quarter valued at $71,000.

Analysts Set New Price Targets

A number of research firms have recently commented on HLF. Mizuho boosted their target price on shares of 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 cut shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 10th. 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.com, Herbalife presently has a consensus rating of "Moderate Buy" and an average target price of $11.50.

Herbalife Stock Down 2.4%

HLF stock opened at $9.85 on Friday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 3.11, a P/E/G ratio of 0.30 and a beta of 0.89. The firm has a 50-day simple moving average of $9.53 and a 200-day simple moving average of $8.32. Herbalife Ltd has a 52 week low of $5.04 and a 52 week high of $10.83.

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

About Herbalife

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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