Victory Capital Management Inc. raised its position in Herbalife Ltd. (NYSE:HLF) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,361 shares of the company’s stock after buying an additional 922 shares during the period. Victory Capital Management Inc.’s holdings in Herbalife were worth $1,016,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Herbalife during the first quarter worth approximately $123,000. First Midwest Bank Trust Division purchased a new stake in shares of Herbalife during the second quarter worth approximately $209,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of Herbalife during the second quarter worth approximately $211,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Herbalife during the first quarter worth approximately $252,000. Finally, Aberdeen Asset Management PLC UK purchased a new stake in shares of Herbalife during the second quarter worth approximately $244,000.
Herbalife Ltd. (NYSE:HLF) remained flat at $60.93 during midday trading on Thursday. The company had a trading volume of 228,999 shares. Herbalife Ltd. has a one year low of $42.26 and a one year high of $72.22. The stock has a market capitalization of $5.66 billion, a PE ratio of 20.88 and a beta of 1.72. The company has a 50 day moving average price of $63.17 and a 200-day moving average price of $61.23.
Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.08. Herbalife had a net margin of 5.55% and a negative return on equity of 2,099.28%. The company earned $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company earned $1.24 EPS. Herbalife’s revenue was up 3.4% on a year-over-year basis. On average, analysts anticipate that Herbalife Ltd. will post $1.31 earnings per share for the current year.
A number of equities research analysts have recently commented on the stock. Pivotal Research reiterated a “buy” rating and set a $90.00 price target on shares of Herbalife in a report on Sunday, July 17th. TheStreet upgraded shares of Herbalife to a “buy” rating in a report on Thursday, May 26th. SunTrust Banks Inc. reiterated a “neutral” rating and set a $66.00 price target on shares of Herbalife in a report on Friday, August 5th. Finally, Zacks Investment Research upgraded shares of Herbalife from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Friday, August 5th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.72.
In other Herbalife news, SVP Ibelis Fleming sold 9,729 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $64.86, for a total value of $631,022.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Carl C. Icahn purchased 2,304,683 shares of the business’s stock in a transaction on Friday, August 26th. The stock was acquired at an average cost of $59.31 per share, with a total value of $136,690,748.73. The disclosure for this purchase can be found here. 4.91% of the stock is currently owned by company insiders.
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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