Herbalife Ltd. (NYSE:HLF) Shares Sold by First Trust Advisors LP

First Trust Advisors LP lessened its holdings in shares of Herbalife Ltd. (NYSE:HLF) by 11.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,354 shares of the company’s stock after selling 19,907 shares during the period. First Trust Advisors LP’s holdings in Herbalife were worth $999,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Canada Pension Plan Investment Board boosted its holdings in shares of Herbalife by 192.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 40,300 shares of the company’s stock valued at $270,000 after acquiring an additional 26,500 shares during the period. Marshall Wace LLP grew its holdings in Herbalife by 83.8% during the fourth quarter. Marshall Wace LLP now owns 1,444,343 shares of the company’s stock worth $9,663,000 after acquiring an additional 658,536 shares during the period. Jump Financial LLC increased its holdings in shares of Herbalife by 374.1% in the 4th quarter. Jump Financial LLC now owns 165,300 shares of the company’s stock valued at $1,106,000 after purchasing an additional 130,433 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Herbalife during the 4th quarter valued at approximately $514,000. Finally, Barclays PLC raised its holdings in Herbalife by 10.7% during the fourth quarter. Barclays PLC now owns 178,679 shares of the company’s stock worth $1,195,000 after purchasing an additional 17,253 shares during the last quarter.

Herbalife Stock Performance

Herbalife stock opened at $6.79 on Thursday. The firm has a market capitalization of $691.54 million, a PE ratio of 2.73, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88. The stock’s 50 day moving average price is $7.65 and its 200 day moving average price is $7.25. Herbalife Ltd. has a one year low of $5.04 and a one year high of $12.79.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.19. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. Herbalife’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.49 earnings per share. On average, analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $8.25 per share, with a total value of $41,250.00. Following the acquisition, the director now owns 132,500 shares of the company’s stock, valued at approximately $1,093,125. This represents a 3.92 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last 90 days, insiders have purchased 12,500 shares of company stock worth $94,900. 1.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on HLF shares. DA Davidson upgraded shares of Herbalife from a “neutral” rating to a “buy” rating and increased their price target for the company from $7.50 to $14.00 in a research report on Friday, March 21st. Citigroup cut their price objective on shares of Herbalife from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, StockNews.com downgraded Herbalife from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Herbalife has a consensus rating of “Moderate Buy” and an average price target of $11.50.

Herbalife Company 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.