Corebridge Financial Inc. Lowers Position in Herbalife Ltd. (NYSE:HLF)

Corebridge Financial Inc. decreased its stake in Herbalife Ltd. (NYSE:HLF) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 50,183 shares of the company’s stock after selling 3,250 shares during the period. Corebridge Financial Inc.’s holdings in Herbalife were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Herbalife by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company’s stock worth $75,406,000 after acquiring an additional 785,574 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Herbalife by 8.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company’s stock worth $18,040,000 after purchasing an additional 216,603 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Herbalife by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company’s stock valued at $18,809,000 after purchasing an additional 105,431 shares during the period. Iridian Asset Management LLC CT lifted its stake in shares of Herbalife by 12.5% during the 4th quarter. Iridian Asset Management LLC CT now owns 2,507,740 shares of the company’s stock valued at $16,777,000 after buying an additional 279,547 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in Herbalife by 110.2% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,022,605 shares of the company’s stock worth $6,841,000 after buying an additional 536,196 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. DA Davidson raised Herbalife from a “neutral” rating to a “buy” rating and raised their price target for the company from $7.50 to $14.00 in a report on Friday, March 21st. StockNews.com raised Herbalife from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $12.00.

Insider Activity at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza purchased 5,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of $8.25 per share, with a total value of $41,250.00. Following the acquisition, the director now owns 132,500 shares in the company, valued at approximately $1,093,125. The trade was a 3.92 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is currently owned by insiders.

Herbalife Stock Down 7.4 %

Shares of HLF stock opened at $6.80 on Friday. The stock has a market cap of $688.61 million, a P/E ratio of 2.73, a PEG ratio of 0.29 and a beta of 1.02. The company’s fifty day simple moving average is $7.55 and its two-hundred day simple moving average is $7.29. Herbalife Ltd. has a 52 week low of $5.04 and a 52 week high of $12.79.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.28. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, analysts anticipate that Herbalife Ltd. will post 1.57 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.