Corebridge Financial Inc. Sells 3,250 Shares of Herbalife Ltd. (NYSE:HLF)

Corebridge Financial Inc. lessened its stake in shares of Herbalife Ltd. (NYSE:HLF) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,183 shares of the company’s stock after selling 3,250 shares during the period. Corebridge Financial Inc.’s holdings in Herbalife were worth $336,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its holdings in shares of Herbalife by 52.2% during the third quarter. BNP Paribas Financial Markets now owns 67,913 shares of the company’s stock valued at $488,000 after acquiring an additional 23,296 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Herbalife by 72.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 168,209 shares of the company’s stock valued at $1,209,000 after purchasing an additional 70,498 shares in the last quarter. Barclays PLC increased its stake in Herbalife by 347.0% during the 3rd quarter. Barclays PLC now owns 161,426 shares of the company’s stock valued at $1,160,000 after purchasing an additional 125,311 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Herbalife by 4.2% in the third quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company’s stock worth $18,809,000 after buying an additional 105,431 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Herbalife during the third quarter valued at approximately $246,000.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 5,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $8.25 per share, for a total transaction of $41,250.00. Following the purchase, the director now directly owns 132,500 shares of the company’s stock, valued at approximately $1,093,125. This trade represents a 3.92 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HLF shares. DA Davidson raised shares of Herbalife from a “neutral” rating to a “buy” rating and raised their price target for the company from $7.50 to $14.00 in a research report on Friday, March 21st. StockNews.com upgraded Herbalife from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $12.00.

Herbalife Stock Down 7.4 %

Shares of Herbalife stock opened at $6.80 on Friday. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79. The company has a market cap of $688.61 million, a price-to-earnings ratio of 2.73, a price-to-earnings-growth ratio of 0.29 and a beta of 1.02. The company’s 50 day moving average is $7.55 and its 200 day moving average is $7.29.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.28. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. Sell-side analysts expect that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

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.