Herbalife Ltd. (NYSE:HLF) Stock Position Lifted by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of Herbalife Ltd. (NYSE:HLF) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,002,676 shares of the company’s stock after purchasing an additional 126,902 shares during the period. Northern Trust Corp owned approximately 0.99% of Herbalife worth $6,708,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HLF. Vanguard Group Inc. increased its stake 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 buying an additional 785,574 shares during the period. Renaissance Technologies LLC increased its stake in shares of Herbalife by 9.9% during the fourth quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company’s stock valued at $47,425,000 after acquiring an additional 638,567 shares during the period. Long Focus Capital Management LLC raised its holdings in Herbalife by 27.3% during the fourth quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company’s stock worth $31,832,000 after purchasing an additional 1,020,127 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Herbalife by 777.0% in the fourth 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. Finally, Charles Schwab Investment Management Inc. boosted its stake in Herbalife by 8.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company’s stock valued at $18,040,000 after purchasing an additional 216,603 shares in the last quarter.

Insider Buying and Selling

In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of the stock in a transaction on Friday, May 2nd. The shares were bought at an average price of $6.73 per share, with a total value of $33,650.00. Following the purchase, the director now directly owns 140,000 shares in the company, valued at $942,200. The trade was a 3.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders bought 12,500 shares of company stock valued at $94,900. Company insiders own 1.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HLF shares. StockNews.com downgraded Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 29th. DA Davidson upgraded shares of 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. Finally, Citigroup cut their price target on shares of Herbalife from $13.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Herbalife presently has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Herbalife Stock Down 1.8%

Shares of Herbalife stock opened at $6.93 on Tuesday. Herbalife Ltd. has a 12-month low of $5.04 and a 12-month high of $12.79. The firm has a market capitalization of $705.80 million, a PE ratio of 2.78, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88. The stock’s fifty day moving average is $7.39 and its 200-day moving average is $7.25.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.19. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Analysts expect that Herbalife Ltd. will post 1.57 EPS for the current 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.