Barclays PLC boosted its holdings in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 347.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,426 shares of the company's stock after purchasing an additional 125,311 shares during the quarter. Barclays PLC owned about 0.16% of Herbalife worth $1,160,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in shares of Herbalife by 11.6% during the second quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company's stock valued at $69,129,000 after buying an additional 692,800 shares during the last quarter. Baupost Group LLC MA increased its holdings in Herbalife by 128.3% in the 2nd quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company's stock valued at $53,244,000 after acquiring an additional 2,879,603 shares during the last quarter. Bank of Montreal Can increased its holdings in Herbalife by 15.3% in the 2nd quarter. Bank of Montreal Can now owns 3,776,641 shares of the company's stock valued at $41,354,000 after acquiring an additional 500,876 shares during the last quarter. Long Focus Capital Management LLC lifted its stake in Herbalife by 11.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company's stock worth $33,279,000 after purchasing an additional 323,969 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Herbalife by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company's stock valued at $17,831,000 after purchasing an additional 160,792 shares during the last quarter.
Herbalife Trading Up 0.3 %
Shares of Herbalife stock traded up $0.02 during trading on Monday, hitting $6.72. 2,070,565 shares of the stock traded hands, compared to its average volume of 2,186,644. The stock's fifty day simple moving average is $7.58 and its 200 day simple moving average is $8.55. The firm has a market cap of $677.32 million, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.27 and a beta of 1.17. Herbalife Ltd. has a 52-week low of $6.21 and a 52-week high of $15.43.
Herbalife (NYSE:HLF - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.38. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. As a group, equities analysts expect that Herbalife Ltd. will post 1.51 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. StockNews.com raised Herbalife from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Mizuho raised their target price on shares of Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 1st. DA Davidson decreased their price target on shares of Herbalife from $13.00 to $7.50 and set a "neutral" rating on the stock in a research note on Thursday, October 31st. B. Riley lowered their price objective on shares of Herbalife from $17.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Finally, Citigroup decreased their target price on shares of Herbalife from $16.00 to $13.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.90.
Check Out Our Latest Stock Report on HLF
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.
Further Reading
Before you consider Herbalife, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Herbalife wasn't on the list.
While Herbalife currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
