Herbalife Ltd $HLF Shares Sold by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC reduced its stake in shares of Herbalife Ltd (NYSE:HLF) by 12.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 875,000 shares of the company’s stock after selling 125,000 shares during the quarter. Herbalife makes up about 3.9% of Manatuck Hill Partners LLC’s holdings, making the stock its 3rd largest position. Manatuck Hill Partners LLC’s holdings in Herbalife were worth $11,279,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in Herbalife during the 4th quarter worth $32,000. Aster Capital Management DIFC Ltd acquired a new position in Herbalife during the 3rd quarter worth $35,000. EverSource Wealth Advisors LLC grew its holdings in Herbalife by 512.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock worth $84,000 after acquiring an additional 5,476 shares in the last quarter. Advisory Services Network LLC acquired a new position in Herbalife during the 3rd quarter worth $65,000. Finally, New York State Teachers Retirement System acquired a new position in Herbalife during the 4th quarter worth $119,000.

Analyst Upgrades and Downgrades

HLF has been the subject of several recent analyst reports. Zacks Research lowered shares of Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Royal Bank Of Canada decreased their price objective on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a report on Tuesday, April 28th. Citigroup reissued a “buy” rating and set a $21.00 price objective (up from $17.00) on shares of Herbalife in a report on Thursday, February 19th. Mizuho set a $17.00 price objective on shares of Herbalife in a report on Monday, May 4th. Finally, Wall Street Zen raised shares of Herbalife from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.80.

Insider Activity

In other news, COO Troy Hicks sold 38,377 shares of Herbalife stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $12.93, for a total value of $496,214.61. Following the completion of the transaction, the chief operating officer directly owned 9,062 shares of the company’s stock, valued at approximately $117,171.66. The trade was a 80.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Frank Lamberti sold 134,982 shares of Herbalife stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $13.50, for a total transaction of $1,822,257.00. Following the completion of the transaction, the insider directly owned 36,624 shares of the company’s stock, valued at $494,424. This trade represents a 78.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 191,296 shares of company stock valued at $2,551,678 over the last ninety days. Company insiders own 5.13% of the company’s stock.

Herbalife Stock Performance

NYSE HLF opened at $11.65 on Thursday. Herbalife Ltd has a one year low of $7.56 and a one year high of $20.40. The company has a 50-day simple moving average of $13.86 and a 200-day simple moving average of $14.87. The firm has a market capitalization of $1.21 billion, a PE ratio of 5.11, a price-to-earnings-growth ratio of 0.70 and a beta of 0.88.

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

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.