SG Americas Securities LLC Buys 33,989 Shares of Herbalife Ltd $HLF

SG Americas Securities LLC increased its stake in Herbalife Ltd (NYSE:HLF) by 59.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 91,156 shares of the company’s stock after purchasing an additional 33,989 shares during the period. SG Americas Securities LLC owned approximately 0.09% of Herbalife worth $769,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. KLP Kapitalforvaltning AS grew its stake in Herbalife by 31.3% during the third quarter. KLP Kapitalforvaltning AS now owns 25,200 shares of the company’s stock worth $213,000 after buying an additional 6,000 shares in the last quarter. CWM LLC lifted its holdings in shares of Herbalife by 36.7% during the 3rd quarter. CWM LLC now owns 22,881 shares of the company’s stock worth $193,000 after acquiring an additional 6,147 shares during the period. Inspire Investing LLC boosted its position in shares of Herbalife by 17.6% during the 3rd quarter. Inspire Investing LLC now owns 53,180 shares of the company’s stock worth $449,000 after acquiring an additional 7,942 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Herbalife by 44.3% in the third quarter. Exchange Traded Concepts LLC now owns 74,364 shares of the company’s stock valued at $628,000 after acquiring an additional 22,820 shares during the last quarter. Finally, CHICAGO TRUST Co NA acquired a new position in Herbalife during the third quarter valued at approximately $100,000.

Insider Activity at Herbalife

In other Herbalife news, Director Lynda Cloud acquired 17,000 shares of Herbalife stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $8.97 per share, with a total value of $152,490.00. Following the completion of the purchase, the director directly owned 38,857 shares in the company, valued at $348,547.29. This trade represents a 77.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 18,200 shares of company stock worth $167,938 in the last quarter. 1.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HLF shares. Citigroup reaffirmed a “buy” rating and issued a $17.00 target price (up previously from $11.00) on shares of Herbalife in a report on Friday, December 12th. Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Mizuho set a $13.00 target price on shares of Herbalife and gave the stock a “neutral” rating in a report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Herbalife in a report on Wednesday, October 8th. Finally, Maxim Group started coverage on shares of Herbalife in a research report on Tuesday, January 6th. They set a “buy” rating and a $20.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.80.

Herbalife Trading Down 0.2%

Shares of HLF stock opened at $16.94 on Wednesday. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 5.41 and a beta of 0.82. The business’s 50-day moving average price is $13.17 and its 200-day moving average price is $10.57. Herbalife Ltd has a 12 month low of $5.04 and a 12 month high of $17.13.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Herbalife had a net margin of 6.47% and a negative return on equity of 29.84%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business earned $0.57 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts predict that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Herbalife Profile

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.