Bridgewater Associates LP reduced its position in Herbalife Ltd. (NYSE:HLF - Free Report) by 71.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,806 shares of the company's stock after selling 47,151 shares during the quarter. Bridgewater Associates LP's holdings in Herbalife were worth $126,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in shares of Herbalife by 3.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company's stock valued at $300,000 after purchasing an additional 1,636 shares during the period. Swiss National Bank lifted its holdings in shares of Herbalife by 1.6% in the 4th quarter. Swiss National Bank now owns 198,172 shares of the company's stock worth $1,326,000 after buying an additional 3,100 shares during the period. Inspire Investing LLC grew its position in shares of Herbalife by 6.1% during the 4th quarter. Inspire Investing LLC now owns 59,879 shares of the company's stock worth $401,000 after buying an additional 3,458 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Herbalife by 641.5% during the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after buying an additional 3,714 shares during the period. Finally, Van ECK Associates Corp raised its holdings in shares of Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock valued at $70,000 after acquiring an additional 5,524 shares in the last quarter.
Wall Street Analyst Weigh In
A number of research firms have commented on HLF. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and raised their target price for the company from $7.50 to $14.00 in a research report on Friday, March 21st. StockNews.com lowered Herbalife from a "strong-buy" rating to a "buy" rating in a report on Friday, April 18th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Herbalife has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.
View Our Latest Research Report on Herbalife
Insiders Place Their Bets
In related news, Director Juan Miguel Mendoza bought 5,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the purchase, the director now directly owns 132,500 shares of the company's stock, valued at approximately $1,093,125. This trade represents a 3.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.73% of the company's stock.
Herbalife Stock Performance
NYSE:HLF traded down $0.31 during midday trading on Friday, reaching $6.66. 1,217,546 shares of the stock traded hands, compared to its average volume of 2,243,362. The stock has a market capitalization of $674.42 million, a PE ratio of 2.66, a price-to-earnings-growth ratio of 0.29 and a beta of 1.02. Herbalife Ltd. has a 12-month low of $5.04 and a 12-month high of $12.79. The business has a 50-day moving average of $7.79 and a two-hundred day moving average of $7.25.
Herbalife (NYSE:HLF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating 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 firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Research analysts anticipate that Herbalife Ltd. will post 1.57 earnings per share for the current year.
Herbalife Company 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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