Squarepoint Ops LLC Purchases 121,026 Shares of Herbalife Ltd $HLF

Squarepoint Ops LLC grew its holdings in shares of Herbalife Ltd (NYSE:HLF) by 39.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 428,376 shares of the company’s stock after acquiring an additional 121,026 shares during the period. Squarepoint Ops LLC’s holdings in Herbalife were worth $5,633,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new position in Herbalife in the fourth quarter valued at approximately $32,000. KBC Group NV acquired a new stake in shares of Herbalife during the 1st quarter worth approximately $44,000. EverSource Wealth Advisors LLC increased its stake in shares of Herbalife by 512.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock valued at $84,000 after acquiring an additional 5,476 shares in the last quarter. Advisory Services Network LLC bought a new position in Herbalife during the third quarter worth $65,000. Finally, Quarry LP boosted its stake in Herbalife by 49,105.3% during the third quarter. Quarry LP now owns 9,349 shares of the company’s stock worth $79,000 after acquiring an additional 9,330 shares in the last quarter.

Herbalife Price Performance

Shares of Herbalife stock opened at $12.00 on Friday. The firm has a market cap of $1.26 billion, a PE ratio of 7.74, a P/E/G ratio of 0.41 and a beta of 0.85. 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 $12.32 and a 200-day moving average price of $13.69.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). Herbalife had a negative return on equity of 43.90% and a net margin of 3.16%.The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm posted $0.59 earnings per share. Herbalife’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Herbalife Ltd will post 2.68 EPS for the current fiscal year.

Herbalife announced that its Board of Directors has initiated a stock buyback program on Tuesday, September 8th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to buy up to 19.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup restated a “buy” rating and issued a $17.00 target price (down from $21.00) on shares of Herbalife in a research note on Friday, August 7th. Finally, Weiss Ratings lowered Herbalife from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.00.

Herbalife Company 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.