CIBC Asset Management Inc boosted its holdings in Herbalife Nutrition Ltd (NYSE:HLF) by 3.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,316 shares of the company’s stock after purchasing an additional 298 shares during the period. CIBC Asset Management Inc’s holdings in Herbalife Nutrition were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its position in shares of Herbalife Nutrition by 452.0% in the 1st quarter. Quadrant Capital Group LLC now owns 541 shares of the company’s stock valued at $28,000 after acquiring an additional 443 shares during the period. Penserra Capital Management LLC bought a new position in shares of Herbalife Nutrition in the 4th quarter valued at about $30,000. Hanseatic Management Services Inc. grew its position in shares of Herbalife Nutrition by 38.5% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,764 shares of the company’s stock valued at $104,000 after acquiring an additional 490 shares during the period. Enlightenment Research LLC bought a new position in shares of Herbalife Nutrition in the 4th quarter valued at about $124,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Herbalife Nutrition in the 4th quarter valued at about $134,000. 96.64% of the stock is owned by institutional investors and hedge funds.
NYSE HLF opened at $42.62 on Friday. The stock has a market cap of $6.44 billion, a PE ratio of 14.80 and a beta of 0.31. Herbalife Nutrition Ltd has a 52-week low of $42.60 and a 52-week high of $61.77.
Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Thursday, May 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.24 billion. Herbalife Nutrition had a negative return on equity of 56.65% and a net margin of 6.36%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 EPS. Research analysts forecast that Herbalife Nutrition Ltd will post 2.99 earnings per share for the current year.
A number of research analysts have recently commented on the stock. Citigroup set a $66.00 price objective on shares of Herbalife Nutrition and gave the company a “buy” rating in a research report on Friday, May 3rd. ValuEngine downgraded shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. BMO Capital Markets reissued a “neutral” rating on shares of Herbalife Nutrition in a research report on Thursday, February 28th. Jefferies Financial Group reissued a “buy” rating and issued a $65.00 price objective on shares of Herbalife Nutrition in a research report on Tuesday, February 26th. Finally, Argus downgraded shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.50.
In other news, SVP Edi Hienrich sold 738 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.62, for a total transaction of $35,143.56. Following the completion of the sale, the senior vice president now owns 22,246 shares in the company, valued at approximately $1,059,354.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.31% of the company’s stock.
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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.
Further Reading: Intrinsic Value
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