Charles Schwab Investment Management Inc. boosted its position in shares of Herbalife Ltd. (NYSE:HLF - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,696,560 shares of the company's stock after acquiring an additional 216,603 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.68% of Herbalife worth $18,040,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC raised its position in Herbalife by 3.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company's stock worth $300,000 after acquiring an additional 1,636 shares in the last quarter. Cinctive Capital Management LP raised its position in Herbalife by 3.6% during the third quarter. Cinctive Capital Management LP now owns 92,138 shares of the company's stock worth $662,000 after acquiring an additional 3,170 shares in the last quarter. Inspire Investing LLC raised its position in Herbalife by 6.1% during the fourth quarter. Inspire Investing LLC now owns 59,879 shares of the company's stock worth $401,000 after acquiring an additional 3,458 shares in the last quarter. Van ECK Associates Corp raised its position in Herbalife by 110.4% during the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company's stock worth $70,000 after acquiring an additional 5,524 shares in the last quarter. Finally, MFA Wealth Advisors LLC raised its position in Herbalife by 17.9% during the fourth quarter. MFA Wealth Advisors LLC now owns 41,315 shares of the company's stock worth $276,000 after acquiring an additional 6,287 shares in the last quarter.
Herbalife Trading Up 5.3 %
Shares of NYSE:HLF traded up $0.43 on Friday, hitting $8.42. The company had a trading volume of 3,714,181 shares, compared to its average volume of 2,198,549. Herbalife Ltd. has a 1-year low of $5.04 and a 1-year high of $12.79. The stock has a market cap of $852.89 million, a price-to-earnings ratio of 3.38, a P/E/G ratio of 0.29 and a beta of 1.03. The stock has a 50 day moving average price of $6.97 and a 200 day moving average price of $7.21.
Herbalife (NYSE:HLF - Get Free Report) last released its quarterly earnings results 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 net margin of 5.09% and a negative return on equity of 20.78%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. Sell-side analysts anticipate that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.
Insider Activity at Herbalife
In other Herbalife news, Director Juan Miguel Mendoza purchased 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the purchase, the director now owns 132,500 shares of the company's stock, valued at approximately $1,093,125. The trade was a 3.92 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.73% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on HLF. StockNews.com raised shares of Herbalife from a "buy" rating to a "strong-buy" rating in a research report on Friday. DA Davidson upgraded shares of Herbalife from a "neutral" rating to a "buy" rating and upped their price objective for the company from $7.50 to $14.00 in a report on Friday. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $12.00.
Check Out Our Latest Report on HLF
About Herbalife
(
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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