First Midwest Bank Trust Division Takes Position in Herbalife Ltd. (HLF)
First Midwest Bank Trust Division purchased a new position in shares of Herbalife Ltd. (NYSE:HLF) during the second quarter, Holdings Channel reports. The fund purchased 3,565 shares of the company’s stock, valued at approximately $209,000.
A number of other hedge funds have also bought and sold shares of the stock. NINE MASTS CAPITAL Ltd purchased a new stake in Herbalife during the first quarter worth approximately $123,000. Schonfeld Strategic Advisors LLC purchased a new stake in Herbalife during the first quarter worth approximately $252,000. Virginia Retirement System purchased a new stake in Herbalife during the first quarter worth approximately $259,000. AMP Capital Investors Ltd purchased a new stake in Herbalife during the first quarter worth approximately $266,000. Finally, Nisa Investment Advisors L.L.C. purchased a new stake in Herbalife during the first quarter worth approximately $339,000.
Shares of Herbalife Ltd. (NYSE:HLF) traded up 0.11% during midday trading on Friday, reaching $63.49. The company’s stock had a trading volume of 680,089 shares. The company has a market capitalization of $5.90 billion, a P/E ratio of 21.76 and a beta of 1.83. The stock has a 50 day moving average of $61.94 and a 200-day moving average of $61.57. Herbalife Ltd. has a 1-year low of $42.26 and a 1-year high of $72.22.
Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, August 3rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Herbalife had a net margin of 5.55% and a negative return on equity of 2,099.28%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.24 EPS. On average, equities research analysts anticipate that Herbalife Ltd. will post $1.30 earnings per share for the current year.
A number of research firms have recently commented on HLF. Pivotal Research reiterated a “buy” rating and set a $90.00 target price on shares of Herbalife in a research report on Sunday, July 17th. Zacks Investment Research lowered Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, July 18th. SunTrust Banks Inc. reissued a “neutral” rating and set a $66.00 price target on shares of Herbalife in a report on Friday, August 5th. Finally, TheStreet lowered Herbalife from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Herbalife has an average rating of “Hold” and an average price target of $67.38.
In other news, SVP Ibelis Fleming sold 9,729 shares of the company’s stock in a transaction dated 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Shin-Shing Bosco Chiu sold 2,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $68.00, for a total transaction of $136,000.00. The disclosure for this sale can be found here. 4.91% of the stock is currently owned by insiders.
Herbalife Company Profile
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.
Want to see what other hedge funds are holding HLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Herbalife Ltd. (NYSE:HLF).
Receive News & Ratings for Herbalife Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.