Man Group plc trimmed its holdings in Herbalife Nutrition Ltd (NYSE:HLF) by 33.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,811 shares of the company’s stock after selling 25,710 shares during the quarter. Man Group plc’s holdings in Herbalife Nutrition were worth $2,771,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Caxton Associates LP bought a new position in shares of Herbalife Nutrition during the 3rd quarter valued at about $445,000. Paloma Partners Management Co lifted its holdings in shares of Herbalife Nutrition by 124.5% during the 3rd quarter. Paloma Partners Management Co now owns 49,940 shares of the company’s stock valued at $2,725,000 after purchasing an additional 27,693 shares in the last quarter. Aristotle Capital Boston LLC lifted its holdings in shares of Herbalife Nutrition by 6.4% during the 3rd quarter. Aristotle Capital Boston LLC now owns 310,203 shares of the company’s stock valued at $16,922,000 after purchasing an additional 18,723 shares in the last quarter. Jefferies Group LLC bought a new position in shares of Herbalife Nutrition during the 3rd quarter valued at about $2,051,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in shares of Herbalife Nutrition by 650.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 40,571 shares of the company’s stock valued at $2,213,000 after purchasing an additional 35,163 shares in the last quarter. 89.91% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on HLF shares. Jefferies Financial Group started coverage on Herbalife Nutrition in a report on Thursday, October 11th. They set a “buy” rating and a $65.00 price objective on the stock. Pivotal Research reiterated a “buy” rating and set a $62.00 price objective (down previously from $75.00) on shares of Herbalife Nutrition in a report on Wednesday, October 31st. Royal Bank of Canada reiterated a “hold” rating on shares of Herbalife Nutrition in a report on Friday, November 9th. Tigress Financial restated a “buy” rating on shares of Herbalife Nutrition in a research note on Friday, November 16th. Finally, ValuEngine upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $61.21.
NYSE HLF opened at $58.39 on Wednesday. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.03 and a beta of 0.54. Herbalife Nutrition Ltd has a 52 week low of $34.17 and a 52 week high of $60.41.
Herbalife Nutrition (NYSE:HLF) last released its earnings results on Tuesday, October 30th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The business’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 EPS. On average, equities research analysts expect that Herbalife Nutrition Ltd will post 2.85 earnings per share for the current fiscal year.
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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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