Herbalife Ltd. (NYSE:HLF) Shares Acquired by Quantedge Capital Pte Ltd

Quantedge Capital Pte Ltd lifted its stake in shares of Herbalife Ltd. (NYSE:HLF) by 1,318.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 360,200 shares of the company’s stock after purchasing an additional 334,800 shares during the quarter. Quantedge Capital Pte Ltd’s holdings in Herbalife were worth $2,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in HLF. Arrowstreet Capital Limited Partnership increased its stake in Herbalife by 777.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company’s stock valued at $19,986,000 after buying an additional 2,646,848 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in shares of Herbalife by 67.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company’s stock worth $17,195,000 after acquiring an additional 1,031,078 shares during the last quarter. Long Focus Capital Management LLC grew its holdings in shares of Herbalife by 27.3% in the 4th quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company’s stock worth $31,832,000 after acquiring an additional 1,020,127 shares during the last quarter. Vanguard Group Inc. raised its stake in Herbalife by 7.5% during the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company’s stock valued at $75,406,000 after purchasing an additional 785,574 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Herbalife by 83.8% in the fourth quarter. Marshall Wace LLP now owns 1,444,343 shares of the company’s stock valued at $9,663,000 after purchasing an additional 658,536 shares in the last quarter.

Wall Street Analyst Weigh In

HLF has been the subject of several recent research reports. DA Davidson upgraded Herbalife from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.50 to $14.00 in a report on Friday, March 21st. Citigroup cut their price target on Herbalife from $13.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, StockNews.com lowered Herbalife from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Herbalife has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Herbalife Stock Performance

Shares of NYSE:HLF opened at $6.74 on Thursday. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79. The firm has a market cap of $686.45 million, a PE ratio of 2.71, a price-to-earnings-growth ratio of 0.29 and a beta of 0.88. The business has a fifty day moving average of $7.53 and a 200-day moving average of $7.25.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.40 by $0.19. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. On average, analysts anticipate that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of the stock in a transaction on Friday, May 2nd. The stock was purchased at an average price of $6.73 per share, with a total value of $33,650.00. Following the acquisition, the director now owns 140,000 shares of the company’s stock, valued at approximately $942,200. The trade was a 3.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders bought 12,500 shares of company stock valued at $94,900. Company insiders own 1.73% of the company’s stock.

Herbalife Company Profile

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.