Public Employees Retirement Association of Colorado cut its stake in shares of Herbalife LTD. (NYSE:HLF) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,448 shares of the company’s stock after selling 182 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Herbalife LTD. were worth $1,102,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in Herbalife LTD. during the second quarter valued at approximately $106,000. MAVEN SECURITIES Ltd acquired a new stake in Herbalife LTD. during the first quarter valued at approximately $146,000. BlueCrest Capital Management Ltd acquired a new stake in Herbalife LTD. during the first quarter valued at approximately $201,000. Comerica Bank acquired a new stake in Herbalife LTD. during the first quarter valued at approximately $216,000. Finally, World Asset Management Inc acquired a new stake in Herbalife LTD. during the first quarter valued at approximately $227,000.
Herbalife LTD. (NYSE HLF) opened at 62.42 on Tuesday. The firm’s 50-day moving average is $69.57 and its 200 day moving average is $64.39. The stock has a market capitalization of $5.63 billion, a P/E ratio of 13.12 and a beta of 1.20. Herbalife LTD. has a 12-month low of $47.62 and a 12-month high of $74.49.
Herbalife LTD. (NYSE:HLF) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Herbalife LTD. had a net margin of 9.28% and a return on equity of 216.82%. Herbalife LTD.’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. Equities analysts expect that Herbalife LTD. will post $4.71 EPS for the current year.
HLF has been the topic of several recent research reports. TheStreet raised shares of Herbalife LTD. from a “c” rating to a “b-” rating in a report on Monday, April 17th. Tigress Financial reaffirmed a “buy” rating on shares of Herbalife LTD. in a report on Tuesday, June 6th. Pivotal Research upped their price objective on shares of Herbalife LTD. from $105.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 5th. ValuEngine raised shares of Herbalife LTD. from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub downgraded shares of Herbalife LTD. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $83.00.
Herbalife LTD. Company Profile
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. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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