Principal Financial Group Inc. cut its position in shares of Herbalife Ltd. (NYSE:HLF) by 14.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,513 shares of the company’s stock after selling 1,841 shares during the quarter. Principal Financial Group Inc.’s holdings in Herbalife were worth $713,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HLF. Acadian Asset Management LLC purchased a new stake in Herbalife during the second quarter valued at about $106,000. Phocas Financial Corp. acquired a new position in shares of Herbalife in the 2nd quarter valued at about $124,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Herbalife by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after purchasing an additional 268 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Herbalife by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock valued at $201,000 after purchasing an additional 189 shares during the period. Finally, Allen Investment Management LLC acquired a new position in shares of Herbalife in the 2nd quarter valued at about $213,000.

In other Herbalife news, insider Shin-Shing Bosco Chiu sold 2,380 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $69.98, for a total transaction of $166,552.40. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at $349,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.95% of the stock is owned by corporate insiders.

Shares of Herbalife Ltd. (NYSE:HLF) opened at $70.55 on Thursday. The stock has a market capitalization of $6,104.68, a P/E ratio of 15.32 and a beta of 1.27. The company has a current ratio of 2.65, a quick ratio of 2.24 and a debt-to-equity ratio of 9.94. Herbalife Ltd. has a 12-month low of $47.91 and a 12-month high of $79.64.

Herbalife (NYSE:HLF) last announced its earnings results on Thursday, November 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Herbalife had a return on equity of 176.64% and a net margin of 8.60%. The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 earnings per share. equities analysts forecast that Herbalife Ltd. will post 4.55 EPS for the current fiscal year.

HLF has been the topic of a number of research reports. Tigress Financial reiterated a “buy” rating on shares of Herbalife in a report on Monday, August 21st. Pivotal Research reiterated a “buy” rating and issued a $120.00 target price on shares of Herbalife in a report on Thursday, August 31st. ValuEngine upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup reiterated a “hold” rating and issued a $73.00 target price (up previously from $71.00) on shares of Herbalife in a report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded Herbalife from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Herbalife currently has a consensus rating of “Hold” and an average price target of $83.25.

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About Herbalife

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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Institutional Ownership by Quarter for Herbalife (NYSE:HLF)

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