Los Angeles Capital Management LLC Purchases New Position in Herbalife Ltd. (NYSE:HLF)

Los Angeles Capital Management LLC purchased a new stake in Herbalife Ltd. (NYSE:HLF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,032 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Perpetual Ltd increased its holdings in Herbalife by 107.1% in the fourth quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock valued at $6,463,000 after purchasing an additional 499,572 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Herbalife by 20.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company’s stock worth $16,448,000 after buying an additional 384,100 shares during the period. Iridian Asset Management LLC CT boosted its position in shares of Herbalife by 12.5% during the fourth quarter. Iridian Asset Management LLC CT now owns 2,507,740 shares of the company’s stock worth $16,777,000 after buying an additional 279,547 shares during the period. Jacobs Levy Equity Management Inc. boosted its position in Herbalife by 15.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company’s stock valued at $11,066,000 after purchasing an additional 206,530 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Herbalife by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company’s stock valued at $17,831,000 after purchasing an additional 160,792 shares during the last quarter.

Herbalife Trading Up 6.3 %

Shares of NYSE HLF opened at $8.65 on Thursday. The business’s 50 day moving average is $6.56 and its 200-day moving average is $7.21. Herbalife Ltd. has a 1-year low of $5.04 and a 1-year high of $12.79. The firm has a market cap of $874.85 million, a P/E ratio of 3.47, a price-to-earnings-growth ratio of 0.29 and a beta of 1.15.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.28. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. Analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current year.

Insider Buying and Selling at Herbalife

In other news, Director Juan Miguel Mendoza acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $8.25 per share, with a total value of $41,250.00. Following the acquisition, the director now directly owns 132,500 shares in the company, valued at $1,093,125. The trade was a 3.92 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating and issued a $7.50 price objective on shares of Herbalife in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Herbalife has a consensus rating of “Hold” and an average target price of $9.90.

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.