Eagle Boston Investment Management Inc. raised its position in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 1.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 252,403 shares of the company’s stock after purchasing an additional 4,532 shares during the period. Herbalife Nutrition accounts for 1.2% of Eagle Boston Investment Management Inc.’s investment portfolio, making the stock its 27th largest holding. Eagle Boston Investment Management Inc.’s holdings in Herbalife Nutrition were worth $13,768,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HLF. FMR LLC lifted its holdings in shares of Herbalife Nutrition by 91.2% in the second quarter. FMR LLC now owns 7,662,197 shares of the company’s stock worth $411,614,000 after buying an additional 3,654,763 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Herbalife Nutrition by 0.5% in the second quarter. BlackRock Inc. now owns 5,509,717 shares of the company’s stock worth $295,983,000 after buying an additional 29,237 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Herbalife Nutrition by 343.4% in the second quarter. Renaissance Technologies LLC now owns 5,349,325 shares of the company’s stock worth $287,366,000 after buying an additional 4,142,825 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Herbalife Nutrition by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 1,670,859 shares of the company’s stock worth $91,145,000 after buying an additional 414,819 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Herbalife Nutrition by 29.2% in the third quarter. Prudential Financial Inc. now owns 1,167,982 shares of the company’s stock worth $63,713,000 after buying an additional 264,250 shares in the last quarter. 89.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of HLF opened at $55.02 on Friday. Herbalife Nutrition Ltd has a fifty-two week low of $32.58 and a fifty-two week high of $60.41. The firm has a market capitalization of $8.59 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73.

Herbalife Nutrition (NYSE:HLF) last announced its quarterly earnings results on Tuesday, October 30th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a net margin of 3.84% and a negative return on equity of 82.17%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. Herbalife Nutrition’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts forecast that Herbalife Nutrition Ltd will post 2.85 EPS for the current fiscal year.

In related news, COO David Pezzullo sold 33,070 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $55.64, for a total value of $1,840,014.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.19% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research restated a “strong-buy” rating and issued a $63.00 price target on shares of Herbalife Nutrition in a research report on Tuesday, November 13th. BMO Capital Markets restated a “hold” rating on shares of Herbalife Nutrition in a research report on Friday, November 9th. Pivotal Research restated a “buy” rating and issued a $75.00 price target on shares of Herbalife Nutrition in a research report on Thursday, October 25th. Tigress Financial restated a “buy” rating on shares of Herbalife Nutrition in a research report on Friday. Finally, Jefferies Financial Group restated a “buy” rating and issued a $65.00 price target on shares of Herbalife Nutrition in a research report on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $59.42.

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About Herbalife Nutrition

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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