LSV Asset Management Has $23.17 Million Stock Position in Herbalife Ltd $HLF

LSV Asset Management lowered its position in Herbalife Ltd (NYSE:HLF) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,744,931 shares of the company’s stock after selling 108,600 shares during the quarter. LSV Asset Management’s holdings in Herbalife were worth $23,167,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fund 1 Investments LLC acquired a new position in shares of Herbalife in the second quarter valued at $8,491,000. Manatuck Hill Partners LLC acquired a new position in shares of Herbalife in the 2nd quarter valued at $3,879,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Herbalife by 40.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,013,505 shares of the company’s stock valued at $8,736,000 after buying an additional 289,537 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Herbalife by 63.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 706,091 shares of the company’s stock worth $6,087,000 after acquiring an additional 275,322 shares during the period. Finally, Solel Partners LP boosted its position in shares of Herbalife by 18.7% during the 2nd quarter. Solel Partners LP now owns 1,669,405 shares of the company’s stock valued at $14,390,000 after acquiring an additional 262,614 shares in the last quarter.

Insiders Place Their Bets

In other Herbalife news, Director Lynda Cloud purchased 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $8.97 per share, with a total value of $152,490.00. Following the acquisition, the director directly owned 38,857 shares of the company’s stock, valued at approximately $348,547.29. This trade represents a 77.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders acquired 18,200 shares of company stock worth $167,938. Company insiders own 1.73% of the company’s stock.

Analyst Ratings Changes

HLF has been the topic of a number of analyst reports. Mizuho set a $13.00 target price on shares of Herbalife and gave the company a “neutral” rating in a research note on Thursday, January 8th. Argus set a $15.00 price objective on Herbalife in a research note on Wednesday, November 26th. Maxim Group started coverage on Herbalife in a report on Tuesday, January 6th. They issued a “buy” rating and a $20.00 target price for the company. Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Herbalife in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.80.

Herbalife Trading Down 1.2%

NYSE HLF opened at $15.88 on Friday. Herbalife Ltd has a 1-year low of $5.50 and a 1-year high of $17.93. The company has a 50 day moving average of $15.18 and a 200-day moving average of $11.43. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 5.07 and a beta of 0.84.

About Herbalife

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.