Herndon Capital Management LLC decreased its position in shares of Herbalife Ltd. (NYSE:HLF) by 40.8% during the second quarter, Holdings Channel reports. The institutional investor owned 13,696 shares of the company’s stock after selling 9,438 shares during the period. Herndon Capital Management LLC’s holdings in Herbalife were worth $802,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NINE MASTS CAPITAL Ltd acquired a new stake in shares of Herbalife during the first quarter worth approximately $123,000. First Midwest Bank Trust Division acquired a new stake in shares of Herbalife during the second quarter worth approximately $209,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Herbalife during the first quarter worth approximately $252,000. Virginia Retirement System acquired a new stake in shares of Herbalife during the first quarter worth approximately $259,000. Finally, AMP Capital Investors Ltd acquired a new stake in shares of Herbalife during the first quarter worth approximately $266,000.
Herbalife Ltd. (NYSE:HLF) traded up 0.11% during mid-day trading on Wednesday, hitting $62.10. 670,919 shares of the stock traded hands. Herbalife Ltd. has a 12 month low of $42.26 and a 12 month high of $72.22. The company has a market cap of $5.77 billion, a P/E ratio of 21.28 and a beta of 1.83. The company’s 50 day moving average is $61.87 and its 200 day moving average is $61.61.
Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, August 3rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.08. The company earned $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Herbalife had a net margin of 5.55% and a negative return on equity of 2,099.28%. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.24 earnings per share. On average, analysts expect that Herbalife Ltd. will post $4.83 earnings per share for the current fiscal year.
A number of analysts recently commented on the stock. Zacks Investment Research cut shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. TheStreet cut shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. SunTrust Banks Inc. reiterated a “neutral” rating and issued a $66.00 target price on shares of Herbalife in a research note on Friday, August 5th. Finally, Pivotal Research reiterated a “buy” rating and issued a $90.00 target price on shares of Herbalife in a research note on Sunday, July 17th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $66.26.
In related news, SVP Ibelis Fleming sold 9,729 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $64.86, for a total transaction of $631,022.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carl C. Icahn bought 2,304,683 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were acquired at an average price of $59.31 per share, with a total value of $136,690,748.73. The disclosure for this purchase can be found here. Corporate insiders own 4.91% of the company’s stock.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.
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