Charles Schwab Investment Management Inc. Has $17.83 Million Stock Position in Herbalife Ltd. (NYSE:HLF)

Charles Schwab Investment Management Inc. boosted its stake in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,479,957 shares of the company's stock after acquiring an additional 160,792 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.46% of Herbalife worth $17,831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC grew its stake in shares of Herbalife by 13.1% during the third quarter. Thompson Siegel & Walmsley LLC now owns 486,409 shares of the company's stock valued at $3,497,000 after purchasing an additional 56,499 shares during the last quarter. Intech Investment Management LLC acquired a new position in Herbalife during the 3rd quarter worth $199,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Herbalife by 31.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 550,795 shares of the company's stock valued at $3,960,000 after buying an additional 130,818 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Herbalife in the 3rd quarter valued at $154,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Herbalife by 139.4% during the third quarter. Harbor Capital Advisors Inc. now owns 38,020 shares of the company's stock worth $273,000 after acquiring an additional 22,138 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HLF shares. Mizuho raised their price target on Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 1st. DA Davidson reduced their target price 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 dropped their price target on shares of Herbalife from $17.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Citigroup cut their price objective on shares of Herbalife from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Finally, StockNews.com raised shares of Herbalife from a "hold" rating to a "buy" rating in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $9.90.

Herbalife Stock Down 2.3 %

NYSE HLF traded down $0.19 during trading on Friday, reaching $7.96. 2,956,470 shares of the stock traded hands, compared to its average volume of 1,957,777. Herbalife Ltd. has a fifty-two week low of $6.59 and a fifty-two week high of $15.66. The firm has a market cap of $802.29 million, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.28 and a beta of 1.17. The stock's 50-day moving average price is $7.57 and its 200 day moving average price is $9.00.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. Analysts anticipate that Herbalife Ltd. will post 1.51 EPS for the current fiscal year.

Insider Buying and Selling at Herbalife

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of Herbalife stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the acquisition, the director now directly owns 120,000 shares of the company's stock, valued at $853,200. This represents a 9.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 15,000 shares of company stock valued at $112,275. Company insiders own 0.94% of the company's stock.

Herbalife Profile

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.