Windacre Partnership LLC lowered its holdings in Herbalife Ltd. (NYSE:HLF - Free Report) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,969,053 shares of the company's stock after selling 734,447 shares during the period. Herbalife makes up about 0.8% of Windacre Partnership LLC's holdings, making the stock its 12th biggest position. Windacre Partnership LLC owned about 7.91% of Herbalife worth $57,297,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of HLF. GAMMA Investing LLC increased its holdings in shares of Herbalife by 465.3% in the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company's stock worth $37,000 after purchasing an additional 2,908 shares during the period. nVerses Capital LLC raised its holdings in shares of Herbalife by 240.0% in the 2nd quarter. nVerses Capital LLC now owns 5,100 shares of the company's stock valued at $53,000 after acquiring an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Herbalife by 22.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company's stock valued at $56,000 after acquiring an additional 1,035 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of Herbalife during the third quarter worth about $78,000. Finally, Van ECK Associates Corp increased its position in shares of Herbalife by 10.3% in the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company's stock worth $90,000 after purchasing an additional 808 shares during the last quarter.
Insiders Place Their Bets
In other news, Director Juan Miguel Mendoza acquired 10,000 shares of the stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $7.11 per share, with a total value of $71,100.00. Following the completion of the purchase, the director now owns 120,000 shares in the company, valued at approximately $853,200. The trade was a 9.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 15,000 shares of company stock valued at $112,275 in the last ninety days. Company insiders own 0.94% of the company's stock.
Analysts Set New Price Targets
Several brokerages have issued reports on HLF. DA Davidson dropped their target price on shares of Herbalife from $13.00 to $7.50 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Citigroup dropped their price objective on shares of Herbalife from $16.00 to $13.00 and set a "buy" rating for the company in a report on Friday, October 25th. B. Riley reduced their target price on Herbalife from $17.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. StockNews.com upgraded Herbalife from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Finally, Mizuho upped their price objective on Herbalife from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Herbalife currently has a consensus rating of "Hold" and a consensus price target of $9.90.
Check Out Our Latest Report on HLF
Herbalife Stock Performance
Shares of HLF stock traded down $0.19 on Friday, hitting $7.96. 2,956,470 shares of the company's stock traded hands, compared to its average volume of 1,957,777. The stock has a market capitalization of $802.29 million, a price-to-earnings ratio of 9.37, a P/E/G ratio of 0.28 and a beta of 1.17. The company's fifty day simple moving average is $7.57 and its 200 day simple moving average is $9.02. Herbalife Ltd. has a one year low of $6.59 and a one year high of $15.66.
Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.38. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The firm had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. As a group, sell-side analysts anticipate that Herbalife Ltd. will post 1.51 earnings per share for the current fiscal year.
Herbalife 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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