Zurcher Kantonalbank Zurich Cantonalbank Purchases 5,922 Shares of Herbalife Ltd. (NYSE:HLF)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Herbalife Ltd. (NYSE:HLF) by 35.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,584 shares of the company’s stock after acquiring an additional 5,922 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Herbalife were worth $345,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HLF. DGS Capital Management LLC purchased a new stake in Herbalife in the 4th quarter worth about $165,000. Iridian Asset Management LLC CT raised its holdings in shares of Herbalife by 49.1% in the fourth quarter. Iridian Asset Management LLC CT now owns 1,468,636 shares of the company’s stock worth $22,411,000 after buying an additional 483,635 shares during the period. SG Americas Securities LLC bought a new stake in shares of Herbalife during the 4th quarter worth approximately $184,000. Exchange Traded Concepts LLC boosted its holdings in Herbalife by 3.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 26,496 shares of the company’s stock valued at $404,000 after acquiring an additional 929 shares during the period. Finally, Vanguard Group Inc. grew its position in Herbalife by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 10,561,779 shares of the company’s stock valued at $147,759,000 after acquiring an additional 43,452 shares during the last quarter.

Insider Transactions at Herbalife

In related news, EVP Henry C. Wang acquired 2,778 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $9.30 per share, with a total value of $25,835.40. Following the completion of the transaction, the executive vice president now directly owns 176,194 shares in the company, valued at $1,638,604.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Henry C. Wang bought 2,778 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of $9.30 per share, with a total value of $25,835.40. Following the completion of the transaction, the executive vice president now directly owns 176,194 shares of the company’s stock, valued at approximately $1,638,604.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Johnson purchased 61,725 shares of the business’s stock in a transaction on Friday, February 16th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $498,120.75. Following the completion of the acquisition, the chief executive officer now directly owns 603,707 shares of the company’s stock, valued at approximately $4,871,915.49. The disclosure for this purchase can be found here. In the last three months, insiders purchased 85,757 shares of company stock valued at $723,278. Corporate insiders own 0.94% of the company’s stock.

Herbalife Price Performance

Shares of Herbalife stock opened at $9.58 on Friday. Herbalife Ltd. has a 1 year low of $6.68 and a 1 year high of $19.48. The stock has a market cap of $957.71 million, a price-to-earnings ratio of 6.99 and a beta of 1.24. The firm’s 50-day moving average is $8.82 and its two-hundred day moving average is $11.55.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.26 billion. Herbalife had a net margin of 2.70% and a negative return on equity of 19.97%. Herbalife’s revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. On average, equities analysts expect that Herbalife Ltd. will post 1.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLF. DA Davidson reiterated a “neutral” rating and set a $9.50 target price on shares of Herbalife in a research report on Thursday. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Mizuho reduced their target price on shares of Herbalife from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. Finally, Bank of America lowered their price target on Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.50.

Herbalife 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.