Herbalife LTD. (HLF) Shares Bought by Quantitative Investment Management LLC
Quantitative Investment Management LLC lifted its position in Herbalife LTD. (NYSE:HLF) by 120.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,300 shares of the company’s stock after purchasing an additional 73,300 shares during the quarter. Quantitative Investment Management LLC owned about 0.14% of Herbalife LTD. worth $9,579,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in Herbalife LTD. during the second quarter valued at approximately $106,000. MAVEN SECURITIES Ltd purchased a new position in Herbalife LTD. during the first quarter valued at approximately $146,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Herbalife LTD. by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after acquiring an additional 268 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in Herbalife LTD. during the first quarter valued at approximately $201,000. Finally, Allen Investment Management LLC purchased a new position in Herbalife LTD. during the second quarter valued at approximately $213,000.
Shares of Herbalife LTD. (NYSE HLF) opened at 67.42 on Friday. The stock has a 50 day moving average price of $67.19 and a 200-day moving average price of $66.15. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 14.18 and a beta of 1.22. Herbalife LTD. has a 52 week low of $47.62 and a 52 week high of $74.49.
Herbalife LTD. (NYSE:HLF) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. On average, analysts anticipate that Herbalife LTD. will post $4.71 EPS for the current year.
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Several research analysts recently weighed in on HLF shares. Citigroup Inc. lifted their price target on Herbalife LTD. from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, May 31st. ValuEngine upgraded Herbalife LTD. from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Pivotal Research lifted their price target on Herbalife LTD. from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, June 5th. Tigress Financial reiterated a “buy” rating on shares of Herbalife LTD. in a research report on Tuesday, June 6th. Finally, Zacks Investment Research cut Herbalife LTD. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Herbalife LTD. presently has a consensus rating of “Buy” and a consensus target price of $83.00.
About Herbalife LTD.
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. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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