Diversify Wealth Management LLC Has $2.79 Million Position in Herbalife Ltd $HLF

Diversify Wealth Management LLC increased its holdings in shares of Herbalife Ltd (NYSE:HLF) by 25.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 345,385 shares of the company’s stock after buying an additional 70,061 shares during the quarter. Diversify Wealth Management LLC owned 0.33% of Herbalife worth $2,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new stake in shares of Herbalife during the third quarter worth about $124,000. CenterBook Partners LP acquired a new stake in Herbalife during the 3rd quarter worth approximately $368,000. Readystate Asset Management LP lifted its stake in Herbalife by 37.1% in the third quarter. Readystate Asset Management LP now owns 395,881 shares of the company’s stock valued at $3,341,000 after buying an additional 107,043 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Herbalife in the third quarter valued at approximately $911,000. Finally, Optimize Financial Inc acquired a new position in shares of Herbalife in the third quarter valued at approximately $511,000.

Herbalife Stock Performance

Herbalife stock opened at $19.51 on Friday. Herbalife Ltd has a 52 week low of $6.20 and a 52 week high of $20.40. The stock has a market capitalization of $2.02 billion, a P/E ratio of 8.87, a PEG ratio of 1.15 and a beta of 0.84. The stock has a 50-day simple moving average of $16.12 and a 200 day simple moving average of $12.08.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, February 18th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.24 billion. Herbalife had a negative return on equity of 35.02% and a net margin of 4.53%.The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. Research analysts forecast that Herbalife Ltd will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

HLF has been the subject of a number of research analyst reports. Mizuho set a $13.00 target price on Herbalife and gave the stock a “neutral” rating in a report on Thursday, January 8th. Maxim Group started coverage on Herbalife in a report on Tuesday, January 6th. They set a “buy” rating and a $20.00 price objective for the company. Zacks Research upgraded Herbalife from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Argus set a $15.00 price objective on shares of Herbalife in a research report on Wednesday, November 26th. Finally, Wall Street Zen upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.60.

Herbalife Company Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.