Voya Investment Management LLC Trims Holdings in Herbalife Ltd $HLF

Voya Investment Management LLC trimmed its stake in Herbalife Ltd (NYSE:HLF) by 10.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,066 shares of the company’s stock after selling 3,232 shares during the period. Voya Investment Management LLC’s holdings in Herbalife were worth $234,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Herbalife by 4,406.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company’s stock valued at $42,000 after acquiring an additional 4,803 shares during the period. CWM LLC raised its stake in shares of Herbalife by 199.7% in the 1st quarter. CWM LLC now owns 7,969 shares of the company’s stock valued at $69,000 after acquiring an additional 5,310 shares during the period. MQS Management LLC purchased a new stake in Herbalife during the 1st quarter worth approximately $105,000. Ieq Capital LLC purchased a new stake in Herbalife during the 1st quarter worth approximately $108,000. Finally, Cerity Partners LLC purchased a new stake in Herbalife during the 1st quarter worth approximately $108,000.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Sunday. 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 note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Herbalife has a consensus rating of “Moderate Buy” and an average price target of $11.50.

Herbalife Stock Down 3.9%

NYSE HLF opened at $8.53 on Tuesday. Herbalife Ltd has a 52 week low of $5.04 and a 52 week high of $10.83. The stock has a market capitalization of $878.98 million, a PE ratio of 2.69, a price-to-earnings-growth ratio of 0.27 and a beta of 0.89. The firm has a 50 day moving average of $9.40 and a two-hundred day moving average of $8.41.

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