Vanguard Group Inc. Trims Stake in Herbalife Ltd $HLF

Vanguard Group Inc. trimmed its holdings in shares of Herbalife Ltd (NYSE:HLF) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,712,200 shares of the company’s stock after selling 460,965 shares during the quarter. Vanguard Group Inc. owned about 11.34% of Herbalife worth $150,970,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HLF. Manatuck Hill Partners LLC grew its position in Herbalife by 122.2% during the third quarter. Manatuck Hill Partners LLC now owns 1,000,000 shares of the company’s stock worth $8,440,000 after buying an additional 550,000 shares in the last quarter. Invenomic Capital Management LP purchased a new position in Herbalife during the third quarter worth about $3,550,000. Invesco Ltd. grew its position in Herbalife by 60.5% during the third quarter. Invesco Ltd. now owns 763,857 shares of the company’s stock worth $6,447,000 after buying an additional 287,880 shares in the last quarter. UBS Group AG grew its position in Herbalife by 74.3% during the third quarter. UBS Group AG now owns 658,654 shares of the company’s stock worth $5,559,000 after buying an additional 280,870 shares in the last quarter. Finally, Solel Partners LP grew its position in Herbalife by 18.7% during the second quarter. Solel Partners LP now owns 1,669,405 shares of the company’s stock worth $14,390,000 after buying an additional 262,614 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HLF shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Herbalife in a report on Friday. Mizuho set a $17.00 price objective on Herbalife in a report on Monday, May 4th. Royal Bank Of Canada cut their price objective on Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Tuesday, April 28th. Wall Street Zen upgraded Herbalife from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Finally, Zacks Research cut Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Herbalife currently has an average rating of “Hold” and a consensus price target of $17.80.

Herbalife Trading Down 5.7%

NYSE HLF opened at $13.49 on Tuesday. Herbalife Ltd has a 1-year low of $6.62 and a 1-year high of $20.40. The stock has a 50-day moving average of $15.70 and a 200-day moving average of $14.35. The firm has a market cap of $1.40 billion, a PE ratio of 5.92, a price-to-earnings-growth ratio of 0.85 and a beta of 0.98.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, May 6th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the company posted $0.59 EPS. Herbalife’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Herbalife Ltd will post 2.47 earnings per share for the current fiscal year.

Herbalife 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.