Herbalife Ltd. (HLF) Position Lowered by Lucus Advisors LLC
Lucus Advisors LLC reduced its stake in shares of Herbalife Ltd. (NYSE:HLF) by 30.8% during the second quarter, Holdings Channel reports. The firm owned 5,881 shares of the company’s stock after selling 2,612 shares during the period. Lucus Advisors LLC’s holdings in Herbalife were worth $344,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Riverhead Capital Management LLC bought a new stake in shares of Herbalife during the first quarter valued at about $4,515,000. Quadrature Capital Ltd purchased a new position in shares of Herbalife during the first quarter valued at approximately $848,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Herbalife during the first quarter valued at approximately $1,213,000. Aviva PLC increased its position in shares of Herbalife by 0.8% in the first quarter. Aviva PLC now owns 46,394 shares of the company’s stock valued at $2,856,000 after buying an additional 357 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in shares of Herbalife during the first quarter valued at approximately $340,000.
Shares of Herbalife Ltd. (NYSE:HLF) traded up 3.02% on Monday, hitting $63.86. 1,675,949 shares of the stock traded hands. The stock has a 50-day moving average price of $62.09 and a 200 day moving average price of $61.53. The firm has a market cap of $5.93 billion, a P/E ratio of 21.88 and a beta of 1.83. Herbalife Ltd. has a 52 week low of $42.26 and a 52 week high of $72.22.
Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The company earned $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Herbalife had a net margin of 5.55% and a negative return on equity of 2,099.28%. Herbalife’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $1.24 EPS. Equities research analysts predict that Herbalife Ltd. will post $1.30 EPS for the current fiscal year.
HLF has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Herbalife from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Thursday, September 22nd. TheStreet downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. SunTrust Banks Inc. restated a “neutral” rating and set a $66.00 price objective on shares of Herbalife in a research report on Friday, August 5th. Finally, Pivotal Research restated a “buy” rating and set a $90.00 price objective on shares of Herbalife in a research report on Sunday, July 17th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $67.38.
In other Herbalife news, SVP Ibelis Fleming sold 9,729 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $64.86, for a total value of $631,022.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Carl C. Icahn purchased 2,304,683 shares of the business’s stock in a transaction on Friday, August 26th. The stock was purchased at an average cost of $59.31 per share, with a total value of $136,690,748.73. The disclosure for this purchase can be found here. 4.91% of the stock is currently owned by corporate insiders.
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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