Renaissance Technologies LLC trimmed its stake in shares of Herbalife Ltd (NYSE:HLF – Free Report) by 2.1% in the first quarter, Holdings Channel.com reports. The fund owned 5,499,968 shares of the company’s stock after selling 119,600 shares during the period. Renaissance Technologies LLC owned approximately 0.05% of Herbalife worth $80,960,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Herbalife by 236.8% in the 1st quarter. AQR Capital Management LLC now owns 133,245 shares of the company’s stock worth $1,150,000 after acquiring an additional 93,686 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Herbalife by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,964 shares of the company’s stock worth $517,000 after purchasing an additional 2,523 shares during the last quarter. Empowered Funds LLC boosted its position in Herbalife by 12.9% during the first quarter. Empowered Funds LLC now owns 30,301 shares of the company’s stock worth $261,000 after purchasing an additional 3,474 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Herbalife by 3.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 210,904 shares of the company’s stock valued at $1,820,000 after purchasing an additional 6,747 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Herbalife in the second quarter valued at $118,000.
Insider Transactions at Herbalife
In other Herbalife news, COO Troy Hicks sold 38,377 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $12.93, for a total transaction of $496,214.61. Following the sale, the chief operating officer directly owned 9,062 shares of the company’s stock, valued at $117,171.66. This trade represents a 80.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank Lamberti sold 134,982 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $13.50, for a total transaction of $1,822,257.00. Following the completion of the transaction, the insider directly owned 36,624 shares of the company’s stock, valued at approximately $494,424. This represents a 78.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 191,296 shares of company stock worth $2,551,678. 5.13% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Herbalife Stock Up 0.8%
Shares of NYSE:HLF opened at $11.89 on Friday. Herbalife Ltd has a 52-week low of $7.56 and a 52-week high of $20.40. The stock’s fifty day simple moving average is $12.26 and its 200-day simple moving average is $14.71. The company has a market capitalization of $1.23 billion, a P/E ratio of 5.22, a P/E/G ratio of 0.65 and a beta of 0.86.
Herbalife (NYSE:HLF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.30 billion. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. On average, sell-side analysts anticipate that Herbalife Ltd will post 2.68 earnings per share for the current year.
About Herbalife
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.
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