LSV Asset Management Sells 149,800 Shares of Herbalife Ltd. (NYSE:HLF)

LSV Asset Management cut its stake in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,026,171 shares of the company's stock after selling 149,800 shares during the quarter. LSV Asset Management owned 3.00% of Herbalife worth $20,245,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of Herbalife by 9.9% during the fourth quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company's stock valued at $47,425,000 after acquiring an additional 638,567 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Herbalife by 641.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after purchasing an additional 3,714 shares in the last quarter. Huber Capital Management LLC boosted its position in shares of Herbalife by 760.7% in the fourth quarter. Huber Capital Management LLC now owns 317,600 shares of the company's stock worth $2,125,000 after buying an additional 280,700 shares during the period. Bryce Point Capital LLC acquired a new position in Herbalife during the fourth quarter valued at $1,417,000. Finally, Trexquant Investment LP acquired a new position in Herbalife during the fourth quarter valued at $614,000.

Insider Transactions at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $8.25 per share, with a total value of $41,250.00. Following the purchase, the director now owns 132,500 shares of the company's stock, valued at $1,093,125. This represents a 3.92 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HLF shares. StockNews.com raised shares of Herbalife from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 21st. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and raised their price objective 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, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $12.00.

Herbalife Trading Up 2.9 %

Shares of Herbalife stock traded up $0.18 during mid-day trading on Friday, reaching $6.42. 1,647,458 shares of the stock were exchanged, compared to its average volume of 2,237,736. Herbalife Ltd. has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The company has a market cap of $650.51 million, a price-to-earnings ratio of 2.58, a price-to-earnings-growth ratio of 0.29 and a beta of 1.02. The firm has a 50-day simple moving average of $7.66 and a 200 day simple moving average of $7.26.

Herbalife (NYSE:HLF - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.08 by $0.28. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.19 billion. On average, research analysts predict that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

Herbalife 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.