Global Endowment Management LP lowered its stake in Herbalife LTD. (NYSE:HLF) by 15.9% during the first quarter, Holdings Channel reports. The fund owned 7,080 shares of the company’s stock after selling 1,340 shares during the period. Global Endowment Management LP’s holdings in Herbalife LTD. were worth $411,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Icahn Carl C increased its stake in shares of Herbalife LTD. by 14.7% in the fourth quarter. Icahn Carl C now owns 22,500,000 shares of the company’s stock valued at $1,083,150,000 after buying an additional 2,888,471 shares during the last quarter. FMR LLC increased its stake in shares of Herbalife LTD. by 18.6% in the first quarter. FMR LLC now owns 7,358,472 shares of the company’s stock valued at $427,821,000 after buying an additional 1,151,421 shares during the last quarter. Route One Investment Company L.P. increased its stake in shares of Herbalife LTD. by 34.0% in the fourth quarter. Route One Investment Company L.P. now owns 5,233,452 shares of the company’s stock valued at $251,938,000 after buying an additional 1,327,624 shares during the last quarter. Norges Bank acquired a new stake in shares of Herbalife LTD. during the fourth quarter valued at $39,196,000. Finally, Geode Capital Management LLC increased its stake in shares of Herbalife LTD. by 12.3% in the first quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock valued at $30,969,000 after buying an additional 58,373 shares during the last quarter.
Shares of Herbalife LTD. (NYSE:HLF) traded up 0.75% during midday trading on Monday, hitting $69.40. 705,119 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $68.76 and its 200-day moving average is $58.00. Herbalife LTD. has a 1-year low of $47.62 and a 1-year high of $74.32. The stock has a market cap of $6.32 billion, a PE ratio of 24.06 and a beta of 1.24.
Herbalife LTD. (NYSE:HLF) last announced its quarterly earnings results on Thursday, May 4th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.37. Herbalife LTD. had a return on equity of 262.58% and a net margin of 5.58%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $1.36 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts predict that Herbalife LTD. will post $4.61 earnings per share for the current fiscal year.
HLF has been the topic of several recent research reports. Pivotal Research upped their target price on shares of Herbalife LTD. from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 5th. Zacks Investment Research downgraded shares of Herbalife LTD. from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Citigroup Inc. upped their target price on shares of Herbalife LTD. from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 31st. Tigress Financial reaffirmed a “buy” rating on shares of Herbalife LTD. in a research note on Tuesday, June 6th. Finally, TheStreet raised shares of Herbalife LTD. from a “c” rating to a “b-” rating in a research note on Monday, April 17th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $80.75.
In other Herbalife LTD. news, SVP Edi Hienrich sold 14,119 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $72.23, for a total value of $1,019,815.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jesus Alzarez sold 1,214 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $71.53, for a total transaction of $86,837.42. Following the completion of the transaction, the vice president now directly owns 873 shares of the company’s stock, valued at $62,445.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,885 shares of company stock valued at $4,248,643. 4.95% of the stock is currently owned by corporate insiders.
Herbalife LTD. Company Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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