Inspire Investing LLC Reduces Stock Position in Herbalife Ltd $HLF

Inspire Investing LLC lessened its holdings in shares of Herbalife Ltd (NYSE:HLF) by 34.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,299 shares of the company’s stock after selling 20,580 shares during the period. Inspire Investing LLC’s holdings in Herbalife were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HLF. Vanguard Group Inc. increased its position in Herbalife by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company’s stock valued at $107,835,000 after purchasing an additional 1,223,957 shares during the period. Long Focus Capital Management LLC increased its position in shares of Herbalife by 3.9% during the first quarter. Long Focus Capital Management LLC now owns 4,943,000 shares of the company’s stock valued at $42,658,000 after buying an additional 184,873 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Herbalife by 13.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,057,219 shares of the company’s stock worth $26,384,000 after buying an additional 360,659 shares in the last quarter. Iridian Asset Management LLC CT boosted its position in Herbalife by 10.7% during the 1st quarter. Iridian Asset Management LLC CT now owns 2,775,430 shares of the company’s stock valued at $23,952,000 after acquiring an additional 267,690 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Herbalife by 6,837.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 889,400 shares of the company’s stock worth $7,676,000 after acquiring an additional 902,600 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Herbalife from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 10th. Mizuho upped their target price on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Herbalife Stock Performance

NYSE:HLF opened at $9.31 on Thursday. The firm has a market cap of $959.64 million, a P/E ratio of 2.94, a P/E/G ratio of 0.28 and a beta of 0.89. Herbalife Ltd has a fifty-two week low of $5.04 and a fifty-two week high of $10.83. The firm has a 50-day simple moving average of $9.49 and a two-hundred day simple moving average of $8.38.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.06. The firm 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%. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, equities research analysts predict 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.