Rhumbline Advisers Grows Position in Herbalife Ltd (NYSE:HLF)

Rhumbline Advisers boosted its holdings in shares of Herbalife Ltd (NYSE:HLF) by 4.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,987 shares of the company’s stock after acquiring an additional 6,081 shares during the period. Rhumbline Advisers’ holdings in Herbalife were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership lifted its position in shares of Herbalife by 777.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company’s stock worth $19,986,000 after purchasing an additional 2,646,848 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Herbalife by 67.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company’s stock worth $17,195,000 after buying an additional 1,031,078 shares during the period. Long Focus Capital Management LLC boosted its position in Herbalife by 27.3% during the 4th quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company’s stock valued at $31,832,000 after acquiring an additional 1,020,127 shares in the last quarter. Vanguard Group Inc. boosted its position in Herbalife by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company’s stock valued at $75,406,000 after acquiring an additional 785,574 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Herbalife by 83.8% in the 4th quarter. Marshall Wace LLP now owns 1,444,343 shares of the company’s stock valued at $9,663,000 after acquiring an additional 658,536 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HLF shares. DA Davidson raised Herbalife from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $7.50 to $14.00 in a research report on Friday, March 21st. Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Finally, Citigroup decreased their price target on shares of Herbalife from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Herbalife presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

Herbalife Price Performance

Herbalife stock opened at $8.10 on Thursday. The stock has a market capitalization of $824.48 million, a price-to-earnings ratio of 2.95, a PEG ratio of 0.23 and a beta of 0.86. Herbalife Ltd has a 1-year low of $5.04 and a 1-year high of $12.79. The business has a fifty day moving average price of $7.17 and a 200-day moving average price of $7.18.

Herbalife (NYSE:HLF) last released 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 company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife had a negative return on equity of 23.75% and a net margin of 5.66%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.49 earnings per share. On average, equities research analysts anticipate that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Insider Activity at Herbalife

In related news, Director Juan Miguel Mendoza acquired 5,000 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of $6.75 per share, with a total value of $33,750.00. Following the completion of the acquisition, the director now directly owns 166,857 shares of the company’s stock, valued at $1,126,284.75. This represents a 3.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased 13,143 shares of company stock valued at $90,973 in the last three months. 1.73% of the stock is owned by insiders.

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.