Nisa Investment Advisors LLC Grows Stock Holdings in Herbalife Ltd (NYSE:HLF)

Nisa Investment Advisors LLC increased its stake in shares of Herbalife Ltd (NYSE:HLF) by 8,851.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,996 shares of the company’s stock after buying an additional 75,147 shares during the quarter. Nisa Investment Advisors LLC owned about 0.07% of Herbalife worth $656,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Teacher Retirement System of Texas purchased a new position in shares of Herbalife during the first quarter worth about $1,388,000. MFA Wealth Advisors LLC lifted its position in Herbalife by 46.8% in the first quarter. MFA Wealth Advisors LLC now owns 60,669 shares of the company’s stock valued at $524,000 after purchasing an additional 19,354 shares during the period. Avaii Wealth Management LLC lifted its position in Herbalife by 3.8% in the first quarter. Avaii Wealth Management LLC now owns 60,836 shares of the company’s stock valued at $525,000 after purchasing an additional 2,202 shares during the period. SummerHaven Investment Management LLC lifted its position in Herbalife by 3.4% in the first quarter. SummerHaven Investment Management LLC now owns 80,402 shares of the company’s stock valued at $694,000 after purchasing an additional 2,633 shares during the period. Finally, SG Americas Securities LLC lifted its position in Herbalife by 573.0% in the first quarter. SG Americas Securities LLC now owns 127,098 shares of the company’s stock valued at $1,097,000 after purchasing an additional 108,214 shares during the period.

Insider Transactions at Herbalife

In related news, Director Juan Miguel Mendoza bought 5,000 shares of Herbalife stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of $6.75 per share, with a total value of $33,750.00. Following the purchase, the director owned 166,857 shares in the company, valued at $1,126,284.75. This represents a 3.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders purchased 13,143 shares of company stock valued at $90,973. 1.73% of the stock is currently owned by corporate insiders.

Herbalife Trading Down 4.5%

HLF stock opened at $9.28 on Wednesday. The firm has a 50 day moving average of $8.10 and a 200-day moving average of $7.43. Herbalife Ltd has a 12-month low of $5.04 and a 12-month high of $12.79. The company has a market cap of $944.66 million, a price-to-earnings ratio of 3.39, a PEG ratio of 0.29 and a beta of 0.89.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.19. Herbalife had a net margin of 5.66% and a negative return on equity of 23.75%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the firm earned $0.49 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Sell-side analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HLF has been the topic of a number of analyst reports. Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Citigroup decreased their price target on Herbalife from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, DA Davidson upgraded Herbalife from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.50 to $14.00 in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

About Herbalife

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.