Two Sigma Advisers LP boosted its holdings in Herbalife Ltd. (NYSE:HLF - Free Report) by 1,583.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 173,400 shares of the company's stock after acquiring an additional 163,100 shares during the quarter. Two Sigma Advisers LP owned 0.17% of Herbalife worth $1,160,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its holdings in shares of Herbalife by 3.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company's stock worth $300,000 after buying an additional 1,636 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Herbalife by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,441 shares of the company's stock valued at $384,000 after acquiring an additional 2,516 shares during the period. Swiss National Bank boosted its position in shares of Herbalife by 1.6% in the 4th quarter. Swiss National Bank now owns 198,172 shares of the company's stock worth $1,326,000 after purchasing an additional 3,100 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Herbalife by 641.5% in the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock worth $29,000 after purchasing an additional 3,714 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock valued at $70,000 after acquiring an additional 5,524 shares in the last quarter.
Insider Transactions at Herbalife
In related news, Director Juan Miguel Mendoza purchased 5,000 shares of Herbalife stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $6.73 per share, for a total transaction of $33,650.00. Following the acquisition, the director now directly owns 140,000 shares in the company, valued at approximately $942,200. The trade was a 3.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.73% of the company's stock.
Herbalife Stock Down 2.8%
Herbalife stock traded down $0.22 during midday trading on Wednesday, reaching $7.67. The stock had a trading volume of 1,161,348 shares, compared to its average volume of 2,238,157. The company has a fifty day moving average of $7.17 and a 200 day moving average of $7.19. Herbalife Ltd. has a 52-week low of $5.04 and a 52-week high of $12.79. The firm has a market cap of $781.17 million, a price-to-earnings ratio of 3.08, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88.
Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, topping 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 negative return on equity of 20.78% and a net margin of 5.09%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. Equities research analysts predict that Herbalife Ltd. will post 1.57 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on HLF. Wall Street Zen raised Herbalife from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Citigroup dropped their target price on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.50 to $14.00 in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Herbalife currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.
Read Our Latest Research Report on Herbalife
About Herbalife
(
Free Report)
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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