Strs Ohio purchased a new position in shares of Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 44,640 shares of the company’s stock, valued at approximately $1,355,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Windacre Partnership LLC purchased a new position in shares of Herbalife Nutrition during the 4th quarter worth approximately $109,087,000. 683 Capital Management LLC boosted its position in shares of Herbalife Nutrition by 28.9% during the 4th quarter. 683 Capital Management LLC now owns 2,531,097 shares of the company’s stock worth $103,597,000 after purchasing an additional 567,000 shares during the period. Bronte Capital Management Pty Ltd. boosted its position in shares of Herbalife Nutrition by 17.5% during the 4th quarter. Bronte Capital Management Pty Ltd. now owns 2,755,572 shares of the company’s stock worth $112,786,000 after purchasing an additional 410,086 shares during the period. Miller Value Partners LLC boosted its position in shares of Herbalife Nutrition by 23.9% during the 4th quarter. Miller Value Partners LLC now owns 2,073,976 shares of the company’s stock worth $84,888,000 after purchasing an additional 400,555 shares during the period. Finally, Route One Investment Company L.P. boosted its position in shares of Herbalife Nutrition by 3.7% during the 4th quarter. Route One Investment Company L.P. now owns 9,112,732 shares of the company’s stock worth $372,984,000 after purchasing an additional 321,500 shares during the period.
In other news, President John Desimone acquired 43,478 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was acquired at an average cost of $21.54 per share, with a total value of $936,516.12. Following the transaction, the president now owns 123,452 shares in the company, valued at $2,659,156.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Alan L. Hoffman acquired 4,540 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were purchased at an average cost of $21.97 per share, with a total value of $99,743.80. Following the completion of the transaction, the executive vice president now owns 57,218 shares in the company, valued at approximately $1,257,079.46. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 63,080 shares of company stock valued at $1,372,132. Corporate insiders own 0.66% of the company’s stock.
Shares of HLF stock opened at $22.70 on Wednesday. Herbalife Nutrition Ltd. has a 52 week low of $19.30 and a 52 week high of $54.45. The stock has a market capitalization of $2.46 billion, a PE ratio of 6.09 and a beta of 1.06. The firm has a 50 day moving average of $22.33 and a two-hundred day moving average of $31.68.
Herbalife Nutrition (NYSE:HLF – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.12. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Herbalife Nutrition had a net margin of 7.06% and a negative return on equity of 33.49%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 EPS. On average, sell-side analysts predict that Herbalife Nutrition Ltd. will post 3.5 earnings per share for the current fiscal year.
HLF has been the subject of a number of research analyst reports. StockNews.com raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Monday, June 13th. Argus cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Jefferies Financial Group raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Tuesday. B. Riley decreased their price target on shares of Herbalife Nutrition from $50.00 to $41.00 in a research report on Wednesday, May 4th. Finally, Citigroup decreased their price target on shares of Herbalife Nutrition from $46.00 to $36.00 in a research report on Wednesday, May 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Herbalife Nutrition presently has an average rating of “Moderate Buy” and a consensus price target of $36.80.
Herbalife Nutrition Company Profile (Get Rating)
Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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