State Board of Administration of Florida Retirement System Reduces Stake in Herbalife Nutrition Ltd. (NYSE:HLF)

State Board of Administration of Florida Retirement System lowered its holdings in Herbalife Nutrition Ltd. (NYSE:HLFGet Rating) by 71.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 34,572 shares of the company’s stock after selling 88,531 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Herbalife Nutrition were worth $707,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Nisa Investment Advisors LLC grew its stake in Herbalife Nutrition by 59.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,847 shares of the company’s stock worth $99,000 after buying an additional 1,800 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in Herbalife Nutrition by 50.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock worth $128,000 after buying an additional 1,415 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Herbalife Nutrition by 59.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,434 shares of the company’s stock worth $132,000 after buying an additional 2,402 shares during the last quarter. National Bank of Canada FI grew its stake in Herbalife Nutrition by 5.0% during the 2nd quarter. National Bank of Canada FI now owns 9,990 shares of the company’s stock worth $204,000 after buying an additional 480 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new position in Herbalife Nutrition during the 1st quarter worth approximately $231,000. Hedge funds and other institutional investors own 92.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HLF shares. Royal Bank of Canada raised their price target on Herbalife Nutrition from $13.00 to $14.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 11th. B. Riley lowered their target price on Herbalife Nutrition from $38.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, November 1st. StockNews.com initiated coverage on Herbalife Nutrition in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Citigroup lowered their target price on Herbalife Nutrition from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.25.

Insider Activity

In other news, major shareholder Windacre Partnership Master Fu sold 205,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $17.56, for a total value of $3,599,800.00. Following the completion of the sale, the insider now directly owns 9,778,500 shares of the company’s stock, valued at approximately $171,710,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.66% of the company’s stock.

Herbalife Nutrition Price Performance

HLF opened at $16.23 on Friday. The business has a 50 day simple moving average of $20.32 and a 200-day simple moving average of $22.81. The stock has a market capitalization of $1.59 billion, a P/E ratio of 5.34 and a beta of 1.15. Herbalife Nutrition Ltd. has a 12 month low of $15.33 and a 12 month high of $45.80.

Herbalife Nutrition (NYSE:HLFGet Rating) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Herbalife Nutrition had a negative return on equity of 24.55% and a net margin of 5.71%. The company’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period last year, the firm earned $1.21 EPS. Research analysts anticipate that Herbalife Nutrition Ltd. will post 2.94 EPS for the current year.

About Herbalife Nutrition

(Get Rating)

Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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