Trexquant Investment LP purchased a new position in shares of Herbalife Ltd. (NYSE:HLF - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 91,787 shares of the company's stock, valued at approximately $614,000. Trexquant Investment LP owned approximately 0.09% of Herbalife as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently modified their holdings of HLF. R Squared Ltd bought a new position in Herbalife in the fourth quarter valued at about $63,000. Van ECK Associates Corp boosted its position in Herbalife by 110.4% during the 4th quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock worth $70,000 after buying an additional 5,524 shares during the period. Headlands Technologies LLC grew its holdings in Herbalife by 12,307.6% during the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock worth $76,000 after acquiring an additional 11,323 shares during the last quarter. Range Financial Group LLC acquired a new position in Herbalife in the 4th quarter valued at approximately $124,000. Finally, SG Americas Securities LLC raised its stake in shares of Herbalife by 83.5% during the fourth quarter. SG Americas Securities LLC now owns 18,884 shares of the company's stock valued at $126,000 after acquiring an additional 8,591 shares during the last quarter.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on HLF. StockNews.com upgraded Herbalife from a "buy" rating to a "strong-buy" rating in a report on Friday, March 21st. DA Davidson raised Herbalife from a "neutral" rating to a "buy" rating and lifted their price objective for the stock 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 stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $12.00.
View Our Latest Research Report on Herbalife
Insider Buying and Selling at Herbalife
In related news, Director Juan Miguel Mendoza acquired 5,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost 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 $1,093,125. This trade represents a 3.92 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.73% of the stock is currently owned by company insiders.
Herbalife Stock Up 0.6 %
HLF traded up $0.04 during midday trading on Thursday, hitting $6.28. The company had a trading volume of 393,020 shares, compared to its average volume of 2,237,414. The company has a market capitalization of $635.91 million, a price-to-earnings ratio of 2.53, a PEG ratio of 0.29 and a beta of 1.02. The stock's 50 day moving average price is $7.64 and its 200 day moving average price is $7.27. 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 quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.28. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. Research analysts predict that Herbalife Ltd. will post 1.57 EPS for the current year.
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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