Traders Sell Shares of Herbalife Ltd. (HLF) on Strength (HLF)
Investors sold shares of Herbalife Ltd. (NYSE:HLF) on strength during trading hours on Friday. $624.90 million flowed into the stock on the tick-up and $664.14 million flowed out of the stock on the tick-down, for a money net flow of $39.24 million out of the stock. Of all stocks tracked, Herbalife had the 0th highest net out-flow for the day. Herbalife traded up $5.89 for the day and closed at $65.25
Several equities research analysts have recently issued reports on HLF shares. Pivotal Research reissued a “buy” rating and set a $90.00 price objective on shares of Herbalife in a research report on Sunday, May 8th. TheStreet raised shares of Herbalife to a “buy” rating in a research report on Thursday, May 26th. Canaccord Genuity reissued a “neutral” rating on shares of Herbalife in a research report on Sunday, April 17th. SunTrust Banks Inc. reissued a “neutral” rating and set a $66.00 price objective on shares of Herbalife in a research report on Monday, May 9th. Finally, Zacks Investment Research raised shares of Herbalife from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research report on Wednesday, April 20th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $67.22.
The company’s 50 day moving average price is $59.79 and its 200 day moving average price is $56.14. The stock has a market capitalization of $6.06 billion and a PE ratio of 15.65.
Herbalife (NYSE:HLF) last issued its quarterly earnings results on Thursday, May 5th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.27. The firm earned $1.12 billion during the quarter, compared to analyst estimates of $1.07 billion. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.29 EPS. On average, equities analysts expect that Herbalife Ltd. will post $4.82 EPS for the current year.
In other news, Director Richard P. Bermingham sold 7,753 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $66.00, for a total value of $511,698.00. Following the transaction, the director now owns 19,510 shares in the company, valued at approximately $1,287,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jesus Alzarez sold 1,475 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $62.18, for a total transaction of $91,715.50. Following the completion of the transaction, the vice president now owns 1,042 shares in the company, valued at approximately $64,791.56. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Herbalife by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 387,621 shares of the company’s stock worth $20,785,000 after buying an additional 12,500 shares during the period. California Public Employees Retirement System increased its position in Herbalife by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 360,900 shares of the company’s stock worth $19,351,000 after buying an additional 10,300 shares during the last quarter. UBS Oconnor LLC increased its position in Herbalife by 16.3% in the fourth quarter. UBS Oconnor LLC now owns 1,775,533 shares of the company’s stock worth $95,204,000 after buying an additional 249,031 shares during the last quarter. Stevens Capital Management LP increased its position in Herbalife by 92.8% in the fourth quarter. Stevens Capital Management LP now owns 35,241 shares of the company’s stock worth $1,890,000 after buying an additional 16,962 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in Herbalife by 26.7% in the fourth quarter. GSA Capital Partners LLP now owns 71,917 shares of the company’s stock worth $3,856,000 after buying an additional 15,177 shares during the last quarter.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.
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