Quantedge Capital Pte Ltd Acquires 334,800 Shares of Herbalife Ltd. (NYSE:HLF)

Quantedge Capital Pte Ltd increased its stake in Herbalife Ltd. (NYSE:HLF - Free Report) by 1,318.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 360,200 shares of the company's stock after purchasing an additional 334,800 shares during the quarter. Quantedge Capital Pte Ltd owned approximately 0.36% of Herbalife worth $2,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its position 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 during the last quarter. R Squared Ltd bought a new position in Herbalife in the fourth quarter worth $63,000. Van ECK Associates Corp raised its stake in Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock worth $70,000 after acquiring an additional 5,524 shares in the last quarter. Bridgefront Capital LLC bought a new position in Herbalife in the 4th quarter valued at $71,000. Finally, Headlands Technologies LLC raised 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 worth $76,000 after purchasing an additional 11,323 shares during the last quarter.

Herbalife Stock Up 0.4%

HLF traded up $0.03 during trading on Tuesday, hitting $6.96. 341,987 shares of the company's stock were exchanged, compared to its average volume of 2,384,593. Herbalife Ltd. has a fifty-two week low of $5.04 and a fifty-two week high of $12.79. The stock has a market cap of $708.35 million, a P/E ratio of 2.79, a PEG ratio of 0.29 and a beta of 0.88. The business's 50 day moving average is $7.39 and its two-hundred day moving average is $7.25.

Herbalife (NYSE:HLF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.19. The company had revenue of $1.22 billion for 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 firm's revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. On average, sell-side analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup cut their price target on Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and lifted their target price for the company from $7.50 to $14.00 in a research report on Friday, March 21st. Finally, StockNews.com cut Herbalife from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.50.

Insiders Place Their Bets

In related news, Director Juan Miguel Mendoza purchased 5,000 shares of Herbalife stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price of $6.73 per share, for a total transaction of $33,650.00. Following the completion of the transaction, the director now owns 140,000 shares in the company, valued at $942,200. This represents a 3.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have bought 12,500 shares of company stock valued at $94,900 in the last three months. 1.73% of the stock is currently owned by insiders.

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.