BBT Capital Management LLC Invests $887,000 in Herbalife Nutrition Ltd (HLF)
BBT Capital Management LLC bought a new position in shares of Herbalife Nutrition Ltd (NYSE:HLF) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,259 shares of the company’s stock, valued at approximately $887,000.
Several other hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its stake in Herbalife Nutrition by 109.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 12,380 shares of the company’s stock worth $664,000 after purchasing an additional 6,480 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in Herbalife Nutrition by 113.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 16,218 shares of the company’s stock worth $871,000 after purchasing an additional 8,609 shares in the last quarter. Bank of Montreal Can bought a new stake in Herbalife Nutrition during the 2nd quarter worth approximately $512,000. World Asset Management Inc increased its stake in Herbalife Nutrition by 49.9% during the 2nd quarter. World Asset Management Inc now owns 4,059 shares of the company’s stock worth $218,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Amalgamated Bank increased its stake in Herbalife Nutrition by 65.8% during the 2nd quarter. Amalgamated Bank now owns 22,714 shares of the company’s stock worth $1,220,000 after purchasing an additional 9,018 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.
In other Herbalife Nutrition news, COO David Pezzullo sold 99,875 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $55.29, for a total transaction of $5,522,088.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.19% of the company’s stock.
Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $0.41 EPS. The business’s revenue was up 14.5% on a year-over-year basis. Sell-side analysts expect that Herbalife Nutrition Ltd will post 2.85 earnings per share for the current year.
A number of analysts recently issued reports on HLF shares. Pivotal Research reissued a “buy” rating and set a $62.00 target price (down from $75.00) on shares of Herbalife Nutrition in a research note on Wednesday, October 31st. Tigress Financial reissued a “buy” rating on shares of Herbalife Nutrition in a research note on Friday, November 16th. Jefferies Financial Group reissued a “buy” rating and set a $65.00 target price on shares of Herbalife Nutrition in a research note on Thursday, November 1st. Royal Bank of Canada reissued a “hold” rating on shares of Herbalife Nutrition in a research note on Friday, November 9th. Finally, Zacks Investment Research reissued a “strong-buy” rating and set a $63.00 target price on shares of Herbalife Nutrition in a research note on Tuesday, November 13th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Herbalife Nutrition presently has an average rating of “Buy” and an average price target of $59.42.
Herbalife Nutrition Company Profile
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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