Renaissance Technologies LLC grew its position in Herbalife Ltd. (NYSE:HLF - Free Report) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,088,868 shares of the company's stock after purchasing an additional 638,567 shares during the quarter. Renaissance Technologies LLC owned approximately 7.03% of Herbalife worth $47,425,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in HLF. Vanguard Group Inc. raised its position in shares of Herbalife by 7.5% in the fourth quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock valued at $75,406,000 after buying an additional 785,574 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Herbalife by 777.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company's stock valued at $19,986,000 after purchasing an additional 2,646,848 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Herbalife by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company's stock worth $18,040,000 after buying an additional 216,603 shares during the last quarter. Geode Capital Management LLC grew its stake in Herbalife by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 2,680,425 shares of the company's stock worth $17,936,000 after buying an additional 64,911 shares during the last quarter. Finally, Iridian Asset Management LLC CT increased its position in Herbalife by 12.5% in the 4th quarter. Iridian Asset Management LLC CT now owns 2,507,740 shares of the company's stock valued at $16,777,000 after acquiring an additional 279,547 shares during the period.
Herbalife Price Performance
Shares of NYSE HLF traded down $0.22 during mid-day trading on Wednesday, reaching $6.34. 511,082 shares of the company's stock were exchanged, compared to its average volume of 2,235,587. Herbalife Ltd. has a 52 week low of $5.04 and a 52 week high of $12.79. The firm has a 50-day moving average price of $7.62 and a two-hundred day moving average price of $7.27. The firm has a market capitalization of $642.50 million, a price-to-earnings ratio of 2.55, a price-to-earnings-growth ratio of 0.29 and a beta of 1.02.
Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.28. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, sell-side analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.
Wall Street Analyst Weigh In
HLF has been the subject of a number of recent analyst reports. DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and increased their price target for the company from $7.50 to $14.00 in a research report on Friday, March 21st. StockNews.com raised Herbalife from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $12.00.
View Our Latest Stock Analysis on HLF
Insider Activity
In other news, Director Juan Miguel Mendoza acquired 5,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $8.25 per share, with a total value of $41,250.00. Following the completion of the purchase, the director now directly owns 132,500 shares in the company, valued at approximately $1,093,125. This trade represents a 3.92 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.73% of the company's stock.
Herbalife Profile
(
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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