Aperio Group LLC lifted its stake in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 27.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,964 shares of the company’s stock after buying an additional 6,853 shares during the period. Aperio Group LLC’s holdings in Herbalife Nutrition were worth $3,116,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. American International Group Inc. acquired a new stake in Herbalife Nutrition in the fourth quarter valued at $103,000. Barings LLC acquired a new stake in Herbalife Nutrition during the 1st quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Herbalife Nutrition by 36.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,445 shares of the company’s stock worth $233,000 after acquiring an additional 922 shares during the period. Meeder Asset Management Inc. grew its holdings in Herbalife Nutrition by 5,367.2% during the 1st quarter. Meeder Asset Management Inc. now owns 3,499 shares of the company’s stock worth $341,000 after acquiring an additional 3,435 shares during the period. Finally, Parametrica Management Ltd acquired a new stake in Herbalife Nutrition during the 1st quarter worth about $356,000. Institutional investors own 45.51% of the company’s stock.
Shares of Herbalife Nutrition traded up $0.80, reaching $54.00, on Thursday, Marketbeat Ratings reports. 1,076,496 shares of the company were exchanged, compared to its average volume of 2,383,904. Herbalife Nutrition Ltd has a one year low of $30.35 and a one year high of $56.74. The stock has a market capitalization of $9.37 billion, a PE ratio of 22.22 and a beta of 1.13. The company has a debt-to-equity ratio of -9.63, a current ratio of 2.14 and a quick ratio of 1.78.
Herbalife Nutrition (NYSE:HLF) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.14. Herbalife Nutrition had a net margin of 4.68% and a negative return on equity of 1,193.47%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned $0.62 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. analysts anticipate that Herbalife Nutrition Ltd will post 2.67 earnings per share for the current fiscal year.
HLF has been the subject of a number of recent analyst reports. Citigroup reiterated a “neutral” rating and set a $42.50 price target (up from $36.50) on shares of Herbalife Nutrition in a report on Thursday, February 22nd. ValuEngine upgraded Herbalife Nutrition from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Longbow Research increased their price target on Herbalife Nutrition from $47.14 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, March 6th. TheStreet downgraded Herbalife Nutrition from a “b-” rating to a “c” rating in a report on Monday, March 5th. Finally, Zacks Investment Research raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Thursday, March 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.00.
In other Herbalife Nutrition news, SVP Thomas Harms sold 11,393 shares of the stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $95.98, for a total value of $1,093,500.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Tartol sold 20,000 shares of the stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $53.78, for a total transaction of $1,075,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,574,626 shares of company stock worth $557,289,860. 6.19% of the stock is owned by insiders.
Herbalife Nutrition Company Profile
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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