Perpetual Ltd boosted its holdings in shares of Herbalife Ltd. (NYSE:HLF – Free Report) by 107.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 966,063 shares of the company’s stock after buying an additional 499,572 shares during the quarter. Perpetual Ltd’s holdings in Herbalife were worth $6,463,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Carolina Wealth Advisors LLC purchased a new position in shares of Herbalife during the 3rd quarter worth $78,000. Range Financial Group LLC bought a new position in Herbalife in the 4th quarter worth $124,000. Prospera Financial Services Inc purchased a new position in Herbalife during the third quarter valued at $154,000. DGS Capital Management LLC grew its holdings in Herbalife by 63.7% during the third quarter. DGS Capital Management LLC now owns 24,454 shares of the company’s stock valued at $176,000 after purchasing an additional 9,513 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Herbalife in the third quarter worth about $199,000.
Wall Street Analyst Weigh In
HLF has been the topic of a number of analyst reports. Mizuho lifted their price objective on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. DA Davidson decreased their price objective on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. B. Riley lowered their target price on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Citigroup cut their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.90.
Herbalife Stock Performance
HLF stock opened at $6.60 on Wednesday. The company has a market capitalization of $664.81 million, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.22 and a beta of 1.18. The company’s fifty day moving average price is $7.28 and its 200-day moving average price is $8.08. Herbalife Ltd. has a one year low of $6.05 and a one year high of $12.95.
Herbalife (NYSE:HLF – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.19 by $0.38. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. On average, research analysts predict that Herbalife Ltd. will post 1.51 EPS for the current fiscal year.
Herbalife Profile
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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