Bronte Capital Management Pty Ltd. Decreases Stake in Herbalife Ltd $HLF

Bronte Capital Management Pty Ltd. cut its stake in Herbalife Ltd (NYSE:HLF) by 16.1% in the first quarter, Holdings Channel reports. The firm owned 939,926 shares of the company’s stock after selling 180,249 shares during the period. Herbalife comprises 1.5% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 14th largest position. Bronte Capital Management Pty Ltd.’s holdings in Herbalife were worth $13,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Optimize Financial Inc increased its stake in Herbalife by 1.5% during the 4th quarter. Optimize Financial Inc now owns 61,426 shares of the company’s stock valued at $792,000 after purchasing an additional 880 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Herbalife by 7.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,176 shares of the company’s stock worth $200,000 after buying an additional 933 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Herbalife by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 36,642 shares of the company’s stock valued at $316,000 after buying an additional 1,217 shares during the last quarter. CWM LLC grew its holdings in shares of Herbalife by 5.9% during the fourth quarter. CWM LLC now owns 24,229 shares of the company’s stock valued at $312,000 after buying an additional 1,348 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Herbalife by 8.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 16,488 shares of the company’s stock valued at $213,000 after acquiring an additional 1,351 shares during the period.

Analysts Set New Price Targets

A number of analysts have commented on the company. Zacks Research cut Herbalife from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings raised shares of Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 15th. Royal Bank Of Canada cut their price objective on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 28th. Mizuho set a $17.00 target price on shares of Herbalife in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Herbalife from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $17.80.

Herbalife Price Performance

HLF opened at $13.13 on Friday. The firm has a fifty day moving average price of $13.11 and a 200 day moving average price of $14.85. Herbalife Ltd has a 1 year low of $7.56 and a 1 year high of $20.40. The stock has a market cap of $1.36 billion, a P/E ratio of 5.76, a P/E/G ratio of 0.77 and a beta of 0.86.

Herbalife (NYSE:HLF) last released 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 company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business earned $0.59 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Equities analysts expect that Herbalife Ltd will post 2.47 EPS for the current year.

Insider Activity

In other news, COO Troy Hicks sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $12.32, for a total transaction of $123,200.00. Following the completion of the transaction, the chief operating officer directly owned 9,706 shares of the company’s stock, valued at $119,577.92. This represents a 50.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Frank Lamberti sold 134,982 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $13.50, for a total value of $1,822,257.00. Following the transaction, the insider owned 36,624 shares in the company, valued at $494,424. This trade represents a 78.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 191,296 shares of company stock worth $2,551,678. Corporate insiders own 5.13% of the company’s stock.

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.