Los Angeles Capital Management LLC acquired a new stake in Herbalife Ltd. (NYSE:HLF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,032 shares of the company's stock, valued at approximately $208,000.
Other large investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in Herbalife by 3.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company's stock worth $300,000 after purchasing an additional 1,636 shares during the period. Cinctive Capital Management LP boosted its stake in shares of 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 buying an additional 3,170 shares during the period. Inspire Investing LLC boosted its stake in shares of 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 buying an additional 3,458 shares during the period. Van ECK Associates Corp grew its holdings in shares of 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 buying an additional 5,524 shares during the last quarter. Finally, MFA Wealth Advisors LLC increased its position in Herbalife by 17.9% in the 4th quarter. MFA Wealth Advisors LLC now owns 41,315 shares of the company's stock valued at $276,000 after acquiring an additional 6,287 shares during the period.
Insiders Place Their Bets
In other news, Director Juan Miguel Mendoza bought 5,000 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $8.25 per share, with a total value of $41,250.00. Following the completion of the acquisition, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is currently owned by company insiders.
Herbalife Stock Up 0.4 %
HLF stock traded up $0.04 on Friday, reaching $8.86. 3,024,497 shares of the company's stock were exchanged, compared to its average volume of 2,857,486. The stock has a fifty day moving average of $6.65 and a 200-day moving average of $7.22. The firm has a market cap of $896.10 million, a PE ratio of 3.56, a P/E/G ratio of 0.29 and a beta of 1.03. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79.
Herbalife (NYSE:HLF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.28. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.19 billion. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. On average, equities research analysts predict that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, DA Davidson reissued a "neutral" rating and issued a $7.50 target price on shares of Herbalife in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $9.90.
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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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