Pacer Advisors Inc. Takes $9.49 Million Position in Herbalife Ltd $HLF

Pacer Advisors Inc. bought a new position in Herbalife Ltd (NYSE:HLF) in the 1st quarter, HoldingsChannel reports. The fund bought 644,785 shares of the company’s stock, valued at approximately $9,491,000.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in Herbalife by 12.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,366 shares of the company’s stock valued at $108,000 after buying an additional 822 shares during the period. Optimize Financial Inc lifted its stake in Herbalife by 1.5% in the 4th quarter. Optimize Financial Inc now owns 61,426 shares of the company’s stock worth $792,000 after acquiring an additional 880 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Herbalife by 7.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,176 shares of the company’s stock worth $200,000 after acquiring an additional 933 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Herbalife by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,642 shares of the company’s stock worth $316,000 after acquiring an additional 1,217 shares during the period. Finally, CWM LLC boosted its position in Herbalife by 5.9% during the 4th quarter. CWM LLC now owns 24,229 shares of the company’s stock worth $312,000 after acquiring an additional 1,348 shares during the period.

Herbalife Trading Up 0.4%

HLF opened at $12.79 on Wednesday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 5.61, a PEG ratio of 0.70 and a beta of 0.87. Herbalife Ltd has a 1 year low of $7.56 and a 1 year high of $20.40. The stock has a fifty day moving average price of $12.27 and a 200 day moving average price of $14.60.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, May 6th. The company reported $0.64 EPS 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 firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the company posted $0.59 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Herbalife Ltd will post 2.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Herbalife news, COO Troy Hicks sold 38,377 shares of Herbalife stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 9,062 shares in the company, valued at $117,171.66. The trade was a 80.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank Lamberti sold 134,982 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total transaction of $1,822,257.00. Following the completion of the sale, the insider directly owned 36,624 shares of the company’s stock, valued at $494,424. This represents a 78.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 191,296 shares of company stock worth $2,551,678 in the last 90 days. 5.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HLF has been the topic of several research analyst reports. Wall Street Zen cut Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 18th. Royal Bank Of Canada decreased their price target 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. Weiss Ratings downgraded shares of Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. Mizuho set a $17.00 price objective on shares of Herbalife in a research report on Monday, May 4th. Finally, Zacks Research lowered shares of Herbalife from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Herbalife currently has an average rating of “Hold” and an average target price of $17.80.

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.