Readystate Asset Management LP Increases Holdings in Herbalife Ltd. (NYSE:HLF)

Readystate Asset Management LP raised its stake in shares of Herbalife Ltd. (NYSE:HLF) by 136.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,505 shares of the company’s stock after buying an additional 76,514 shares during the quarter. Readystate Asset Management LP owned about 0.13% of Herbalife worth $2,022,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its holdings in shares of Herbalife by 1.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 67,737 shares of the company’s stock worth $1,348,000 after acquiring an additional 705 shares during the period. Ameritas Investment Partners Inc. grew its holdings in shares of Herbalife by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 8,166 shares of the company’s stock worth $108,000 after acquiring an additional 736 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Herbalife by 6.5% in the first quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company’s stock worth $374,000 after acquiring an additional 747 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Herbalife by 3.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 26,496 shares of the company’s stock worth $404,000 after acquiring an additional 929 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Herbalife by 150.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,900 shares of the company’s stock worth $31,000 after acquiring an additional 1,140 shares during the period.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza bought 16,079 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $9.40 per share, with a total value of $151,142.60. Following the completion of the purchase, the director now owns 54,622 shares in the company, valued at approximately $513,446.80. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Henry C. Wang acquired 2,778 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $9.30 per share, with a total value of $25,835.40. Following the completion of the purchase, the executive vice president now directly owns 176,194 shares in the company, valued at $1,638,604.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Juan Miguel Mendoza acquired 16,079 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $9.40 per share, for a total transaction of $151,142.60. Following the purchase, the director now owns 54,622 shares of the company’s stock, valued at $513,446.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 85,757 shares of company stock valued at $723,278. 0.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on HLF shares. DA Davidson cut their price target on Herbalife from $11.00 to $9.50 and set a “neutral” rating for the company in a report on Monday, March 25th. Mizuho cut their price target on Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Finally, Bank of America cut their price target on Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.50.

Herbalife Trading Up 0.2 %

Shares of NYSE:HLF traded up $0.02 during mid-day trading on Wednesday, reaching $8.23. The stock had a trading volume of 2,128,774 shares, compared to its average volume of 2,265,705. The company has a market cap of $821.27 million, a P/E ratio of 5.80 and a beta of 1.22. Herbalife Ltd. has a 1 year low of $6.68 and a 1 year high of $19.48. The business’s 50 day moving average price is $9.10 and its 200 day moving average price is $11.97.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.10). Herbalife had a negative return on equity of 19.56% and a net margin of 2.81%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. Analysts predict that Herbalife Ltd. will post 1.8 earnings per share for the current fiscal year.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.