Harbor Capital Advisors Inc. Buys 1,524 Shares of Herbalife Ltd $HLF

Harbor Capital Advisors Inc. boosted its stake in shares of Herbalife Ltd (NYSE:HLF) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,300 shares of the company’s stock after buying an additional 1,524 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Herbalife were worth $434,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HLF. Vanguard Group Inc. grew its position in Herbalife by 10.9% during the first quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company’s stock valued at $107,835,000 after buying an additional 1,223,957 shares during the period. Cubist Systematic Strategies LLC grew its position in Herbalife by 6,837.9% during the first quarter. Cubist Systematic Strategies LLC now owns 889,400 shares of the company’s stock valued at $7,676,000 after buying an additional 902,600 shares during the period. Tenzing Global Management LLC bought a new position in Herbalife during the first quarter valued at about $6,904,000. Ameriprise Financial Inc. grew its position in Herbalife by 218.5% during the fourth quarter. Ameriprise Financial Inc. now owns 812,692 shares of the company’s stock valued at $5,437,000 after buying an additional 557,518 shares during the period. Finally, Q Global Advisors LLC bought a new position in Herbalife during the fourth quarter valued at about $2,438,000.

Wall Street Analysts Forecast Growth

HLF has been the subject of several research reports. Mizuho increased their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of Herbalife from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Herbalife currently has a consensus rating of “Moderate Buy” and an average target price of $11.50.

Herbalife Stock Performance

HLF stock opened at $9.12 on Friday. The company has a market capitalization of $940.36 million, a PE ratio of 2.88, a price-to-earnings-growth ratio of 0.28 and a beta of 0.89. Herbalife Ltd has a one year low of $5.04 and a one year high of $10.83. The company’s 50 day moving average price is $9.45 and its two-hundred day moving average price is $8.40.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate 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 was down 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, 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.