Algert Global LLC bought a new stake in Herbalife Nutrition Ltd (NYSE:HLF) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 29,661 shares of the company’s stock, valued at approximately $1,618,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Herbalife Nutrition by 15.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,932 shares of the company’s stock valued at $433,000 after buying an additional 1,042 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Herbalife Nutrition by 315.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,129 shares of the company’s stock worth $116,000 after purchasing an additional 1,617 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Herbalife Nutrition by 115.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock worth $176,000 after purchasing an additional 1,744 shares during the last quarter. Comerica Bank increased its position in shares of Herbalife Nutrition by 86.6% during the 2nd quarter. Comerica Bank now owns 5,159 shares of the company’s stock worth $278,000 after purchasing an additional 2,395 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Herbalife Nutrition by 1.2% during the 3rd quarter. Swiss National Bank now owns 201,572 shares of the company’s stock worth $10,996,000 after purchasing an additional 2,400 shares during the last quarter. 90.30% of the stock is currently owned by institutional investors and hedge funds.
NYSE:HLF opened at $56.47 on Friday. The company has a market cap of $8.81 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 1.13 and a beta of 0.72. Herbalife Nutrition Ltd has a twelve month low of $33.22 and a twelve month high of $60.41.
Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. Sell-side analysts forecast that Herbalife Nutrition Ltd will post 2.85 earnings per share for the current fiscal year.
HLF has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a $65.00 price target on shares of Herbalife Nutrition in a research report on Thursday, November 1st. Pivotal Research reaffirmed a “buy” rating and set a $62.00 price target (down previously from $75.00) on shares of Herbalife Nutrition in a research report on Wednesday, October 31st. ValuEngine raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. Zacks Investment Research raised Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Monday, October 15th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Herbalife Nutrition in a research report on Friday, November 16th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Herbalife Nutrition presently has an average rating of “Buy” and a consensus target price of $59.42.
In related news, COO David Pezzullo sold 33,070 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $55.64, for a total transaction of $1,840,014.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.19% of the stock is currently owned by insiders.
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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.
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