Herbalife Ltd $HLF is Quantedge Capital Pte Ltd’s 2nd Largest Position

Quantedge Capital Pte Ltd decreased its stake in shares of Herbalife Ltd (NYSE:HLF) by 14.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,921,658 shares of the company’s stock after selling 328,025 shares during the period. Herbalife makes up 15.5% of Quantedge Capital Pte Ltd’s investment portfolio, making the stock its 2nd largest holding. Quantedge Capital Pte Ltd’s holdings in Herbalife were worth $28,287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in Herbalife during the 4th quarter valued at approximately $32,000. KBC Group NV purchased a new position in shares of Herbalife during the 1st quarter worth approximately $44,000. EverSource Wealth Advisors LLC raised its position in shares of Herbalife by 512.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock worth $84,000 after acquiring an additional 5,476 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Herbalife in the 3rd quarter worth approximately $65,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Herbalife in the 4th quarter valued at approximately $119,000.

Insiders Place Their Bets

In related news, insider Frank Lamberti sold 134,982 shares of Herbalife stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total value of $1,822,257.00. Following the completion of the sale, the insider directly owned 36,624 shares in the company, valued at approximately $494,424. This trade represents a 78.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Troy Hicks sold 38,377 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $12.93, for a total value of $496,214.61. Following the completion of the transaction, the chief operating officer directly owned 9,062 shares of the company’s stock, valued at approximately $117,171.66. This trade represents a 80.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 191,296 shares of company stock worth $2,551,678. Corporate insiders own 5.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HLF. Wall Street Zen lowered Herbalife from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Mizuho set a $17.00 price objective on Herbalife in a report on Monday, May 4th. Zacks Research lowered Herbalife from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Royal Bank Of Canada dropped their target price on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 28th. Finally, Weiss Ratings raised shares of Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.80.

Herbalife Stock Down 1.9%

NYSE:HLF opened at $12.03 on Wednesday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 5.28, a PEG ratio of 0.67 and a beta of 0.86. The company’s 50 day moving average price is $12.32 and its 200-day moving average price is $14.74. Herbalife Ltd has a 52 week low of $7.56 and a 52 week high of $20.40.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Herbalife Ltd will post 2.68 earnings per share for the current year.

Herbalife Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.