Graham Capital Management L.P. lifted its stake in Herbalife Ltd. (NYSE:HLF - Free Report) by 53.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,526 shares of the company's stock after purchasing an additional 46,687 shares during the quarter. Graham Capital Management L.P. owned about 0.13% of Herbalife worth $893,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of 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. R Squared Ltd bought a new stake in shares of Herbalife in the 4th quarter worth approximately $63,000. Van ECK Associates Corp boosted its position in shares of Herbalife by 110.4% in the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock worth $70,000 after purchasing an additional 5,524 shares in the last quarter. Bridgefront Capital LLC bought a new position in Herbalife in the 4th quarter valued at approximately $71,000. Finally, Headlands Technologies LLC lifted its position in Herbalife by 12,307.6% in the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock valued at $76,000 after acquiring an additional 11,323 shares in the last quarter.
Herbalife Stock Down 0.4%
HLF traded down $0.03 during mid-day trading on Friday, reaching $7.05. 1,464,994 shares of the company traded hands, compared to its average volume of 2,259,170. The stock has a market capitalization of $717.51 million, a P/E ratio of 2.83, a P/E/G ratio of 0.29 and a beta of 0.88. The company's fifty day moving average price is $7.42 and its 200-day moving average price is $7.25. Herbalife Ltd. has a 52-week low of $5.04 and a 52-week high of $12.79.
Herbalife (NYSE:HLF - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.40 by $0.19. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The company's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. As a group, sell-side analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on HLF shares. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and upped their price objective for the company from $7.50 to $14.00 in a research report on Friday, March 21st. Citigroup lowered their price objective on Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, StockNews.com cut Herbalife from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.
View Our Latest Stock Analysis on Herbalife
Insider Buying and Selling at Herbalife
In related news, Director Juan Miguel Mendoza acquired 5,000 shares of Herbalife stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the purchase, the director now directly owns 132,500 shares of the company's stock, valued at approximately $1,093,125. This trade represents a 3.92% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 12,500 shares of company stock worth $94,900. Insiders own 1.73% of the company's stock.
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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