UBS Asset Management Americas Inc. raised its position in Herbalife Ltd. (NYSE:HLF) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,007 shares of the company’s stock after purchasing an additional 986 shares during the period. UBS Asset Management Americas Inc. owned about 0.08% of Herbalife worth $4,944,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Opera Trading Capital purchased a new position in Herbalife in the 3rd quarter valued at about $185,000. The Manufacturers Life Insurance Company lifted its holdings in Herbalife by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock valued at $201,000 after purchasing an additional 189 shares in the last quarter. FDx Advisors Inc. purchased a new position in Herbalife in the 3rd quarter valued at about $227,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Herbalife by 36.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,445 shares of the company’s stock valued at $233,000 after purchasing an additional 922 shares in the last quarter. Finally, First Allied Advisory Services Inc. purchased a new position in Herbalife in the 4th quarter valued at about $318,000. Institutional investors own 99.51% of the company’s stock.
In related news, VP Jesus Alvarez sold 2,584 shares of the firm’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $99.47, for a total value of $257,030.48. Following the transaction, the vice president now owns 2,085 shares in the company, valued at $207,394.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark J. Schissel sold 3,747 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $65.57, for a total transaction of $245,690.79. Following the completion of the transaction, the executive vice president now owns 11,524 shares in the company, valued at approximately $755,628.68. The disclosure for this sale can be found here. Insiders sold 104,143 shares of company stock worth $8,785,829 in the last 90 days. 4.95% of the stock is currently owned by insiders.
Herbalife (NYSE:HLF) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $1.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.33. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.08 billion. Herbalife had a net margin of 4.83% and a return on equity of 457.78%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. research analysts anticipate that Herbalife Ltd. will post 5.3 earnings per share for the current year.
HLF has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Herbalife from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Pivotal Research reiterated a “buy” rating and set a $120.00 price objective on shares of Herbalife in a report on Thursday, January 25th. ValuEngine upgraded shares of Herbalife from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Citigroup upgraded shares of Herbalife from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $114.00 in a report on Monday, March 5th. Finally, TheStreet lowered shares of Herbalife from a “b-” rating to a “c” rating in a report on Monday, March 5th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $104.60.
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Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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