Quantbot Technologies LP purchased a new position in shares of Herbalife Nutrition Ltd (NYSE:HLF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 802 shares of the company’s stock, valued at approximately $38,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Herbalife Nutrition by 14.5% during the 4th quarter. FMR LLC now owns 1,959,847 shares of the company’s stock worth $93,426,000 after purchasing an additional 247,864 shares in the last quarter. Citizens Financial Group Inc RI acquired a new stake in shares of Herbalife Nutrition during the 4th quarter worth about $44,000. Machina Capital S.A.S. acquired a new stake in shares of Herbalife Nutrition during the 4th quarter worth about $322,000. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in Herbalife Nutrition by 107.5% during the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 192,745 shares of the company’s stock valued at $9,188,000 after purchasing an additional 99,867 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Herbalife Nutrition by 11.9% during the 4th quarter. Sei Investments Co. now owns 178,741 shares of the company’s stock valued at $8,523,000 after purchasing an additional 18,942 shares during the last quarter. Institutional investors and hedge funds own 84.13% of the company’s stock.
A number of research firms recently weighed in on HLF. Zacks Investment Research cut Herbalife Nutrition from a “hold” rating to a “sell” rating in a report on Friday, February 21st. Citigroup decreased their price target on shares of Herbalife Nutrition from $55.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, ValuEngine lowered shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.19.
NYSE:HLF traded down $0.21 on Friday, hitting $34.71. 28,227 shares of the stock were exchanged, compared to its average volume of 1,663,753. Herbalife Nutrition Ltd has a 52 week low of $31.53 and a 52 week high of $57.73. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 15.87 and a beta of 0.61. The company’s 50-day moving average price is $39.55 and its 200 day moving average price is $41.47.
Herbalife Nutrition (NYSE:HLF) last issued its earnings results on Tuesday, February 18th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.17. Herbalife Nutrition had a net margin of 6.38% and a negative return on equity of 79.08%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $0.63 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts predict that Herbalife Nutrition Ltd will post 2.85 EPS for the current year.
Herbalife Nutrition Company Profile
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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