Utah Retirement Systems cut its position in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,130 shares of the company’s stock after selling 1,100 shares during the quarter. Utah Retirement Systems’ holdings in Herbalife Nutrition were worth $1,098,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Herbalife Nutrition by 15.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,932 shares of the company’s stock worth $433,000 after acquiring an additional 1,042 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in Herbalife Nutrition by 315.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,129 shares of the company’s stock worth $116,000 after acquiring an additional 1,617 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Herbalife Nutrition by 115.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock worth $176,000 after acquiring an additional 1,744 shares during the last quarter. Comerica Bank increased its stake in Herbalife Nutrition by 86.6% during the second quarter. Comerica Bank now owns 5,159 shares of the company’s stock worth $278,000 after acquiring an additional 2,395 shares during the last quarter. Finally, Swiss National Bank increased its stake in Herbalife Nutrition by 1.2% during the third quarter. Swiss National Bank now owns 201,572 shares of the company’s stock worth $10,996,000 after acquiring an additional 2,400 shares during the last quarter. Institutional investors own 90.30% of the company’s stock.

HLF stock opened at $56.47 on Friday. Herbalife Nutrition Ltd has a 1 year low of $33.22 and a 1 year high of $60.41. The stock has a market capitalization of $8.83 billion, a PE ratio of 23.24, a P/E/G ratio of 1.13 and a beta of 0.72.

Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Tuesday, October 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Analysts expect that Herbalife Nutrition Ltd will post 2.85 EPS for the current year.

In other news, COO David Pezzullo sold 33,070 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $55.64, for a total value of $1,840,014.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.19% of the stock is currently owned by company insiders.

Several equities research analysts have commented on HLF shares. Tigress Financial restated a “buy” rating on shares of Herbalife Nutrition in a research note on Friday, November 16th. Zacks Investment Research upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Monday, October 15th. Jefferies Financial Group started coverage on Herbalife Nutrition in a research note on Thursday, October 11th. They set a “buy” rating and a $65.00 price target for the company. Pivotal Research restated a “buy” rating and set a $62.00 price target (down from $75.00) on shares of Herbalife Nutrition in a research note on Wednesday, October 31st. Finally, Royal Bank of Canada restated a “hold” rating on shares of Herbalife Nutrition in a research note on Friday, November 9th. Three investment 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 company’s stock. Herbalife Nutrition currently has an average rating of “Buy” and an average 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.

Further Reading: Earnings Reports

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

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