Jump Financial LLC raised its stake in Herbalife Ltd. (NYSE:HLF - Free Report) by 374.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 165,300 shares of the company's stock after buying an additional 130,433 shares during the period. Jump Financial LLC owned approximately 0.16% of Herbalife worth $1,106,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Quadrant Capital Group LLC grew its holdings in Herbalife by 641.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company's stock valued at $29,000 after purchasing an additional 3,714 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Herbalife in the 4th quarter worth about $63,000. Van ECK Associates Corp boosted its position in shares of Herbalife by 110.4% in 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 in the last quarter. Headlands Technologies LLC grew its stake in Herbalife by 12,307.6% in the 4th quarter. Headlands Technologies LLC now owns 11,415 shares of the company's stock valued at $76,000 after acquiring an additional 11,323 shares during the last quarter. Finally, Range Financial Group LLC purchased a new position in Herbalife during the 4th quarter valued at about $124,000.
Analyst Upgrades and Downgrades
Several research firms have recently commented on HLF. StockNews.com lowered shares of Herbalife from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 18th. DA Davidson upgraded Herbalife from a "neutral" rating to a "buy" rating and increased their target price for the company from $7.50 to $14.00 in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $12.00.
View Our Latest Research Report on HLF
Herbalife Trading Down 4.5 %
Shares of NYSE HLF traded down $0.31 during midday trading on Friday, reaching $6.65. 1,812,351 shares of the stock were exchanged, compared to its average volume of 2,249,431. The stock has a 50 day moving average price of $7.81 and a 200-day moving average price of $7.25. The company has a market capitalization of $673.92 million, a P/E ratio of 2.67, a P/E/G ratio of 0.29 and a beta of 1.02. 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 released its earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping 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 firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.19 billion. On average, analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current year.
Insider Buying and Selling
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 purchased at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the acquisition, the director now owns 132,500 shares in the company, valued at $1,093,125. This trade represents a 3.92 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.73% of the stock is currently owned by company insiders.
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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