Avaii Wealth Management LLC Purchases 2,202 Shares of Herbalife Ltd. (NYSE:HLF)

Avaii Wealth Management LLC grew its position in shares of Herbalife Ltd. (NYSE:HLF) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,836 shares of the company’s stock after buying an additional 2,202 shares during the quarter. Avaii Wealth Management LLC owned 0.06% of Herbalife worth $525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 785,574 shares during the period. Renaissance Technologies LLC increased its stake in shares of Herbalife by 9.9% in the 4th quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company’s stock worth $47,425,000 after purchasing an additional 638,567 shares in the last quarter. Long Focus Capital Management LLC increased its stake 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 purchasing an additional 1,020,127 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Herbalife by 777.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company’s stock worth $19,986,000 after purchasing an additional 2,646,848 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Herbalife by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company’s stock worth $18,040,000 after purchasing an additional 216,603 shares in the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on HLF. Citigroup reduced their price objective on Herbalife from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. DA Davidson upgraded Herbalife from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $7.50 to $14.00 in a research note on Friday, March 21st. Finally, Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Herbalife currently has an average rating of “Moderate Buy” and an average target price of $11.50.

Herbalife Stock Performance

Shares of HLF stock opened at $7.83 on Friday. Herbalife Ltd. has a 52-week low of $5.04 and a 52-week high of $12.79. The firm has a market capitalization of $796.95 million, a PE ratio of 3.14, a PEG ratio of 0.29 and a beta of 0.86. The stock has a fifty day simple moving average of $7.11 and a two-hundred day simple moving average of $7.17.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.19. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business posted $0.49 EPS. Herbalife’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

Insider Activity

In other news, Director Juan Miguel Mendoza acquired 5,000 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $6.75 per share, for a total transaction of $33,750.00. Following the completion of the transaction, the director now directly owns 166,857 shares in the company, valued at approximately $1,126,284.75. This trade represents a 3.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought a total of 13,143 shares of company stock worth $90,973 over the last 90 days. Corporate insiders own 1.73% of the company’s stock.

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.