Nuveen LLC Buys New Shares in Herbalife Ltd $HLF

Nuveen LLC purchased a new stake in Herbalife Ltd (NYSE:HLF) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 292,751 shares of the company’s stock, valued at approximately $2,526,000. Nuveen LLC owned approximately 0.29% of Herbalife as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLF. Invesco Ltd. raised its stake in shares of Herbalife by 99.5% in the first quarter. Invesco Ltd. now owns 450,086 shares of the company’s stock valued at $3,884,000 after acquiring an additional 224,457 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Herbalife by 18.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 723,968 shares of the company’s stock valued at $6,248,000 after purchasing an additional 113,015 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Herbalife by 13.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,057,219 shares of the company’s stock worth $26,384,000 after acquiring an additional 360,659 shares in the last quarter. Vanguard Group Inc. increased its holdings in Herbalife by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company’s stock worth $107,835,000 after purchasing an additional 1,223,957 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Herbalife during the first quarter worth about $147,000.

Wall Street Analyst Weigh In

HLF has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Herbalife from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 10th. Mizuho raised their target price on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $11.50.

Herbalife Stock Up 6.7%

Shares of NYSE:HLF opened at $9.79 on Friday. The business’s 50 day moving average is $9.38 and its 200 day moving average is $8.15. Herbalife Ltd has a 12-month low of $5.04 and a 12-month high of $10.83. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 3.09, a PEG ratio of 0.28 and a beta of 0.85.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. Herbalife’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities research analysts expect that Herbalife Ltd will post 1.57 earnings per share for the current year.

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.