State of Wyoming Decreases Stock Holdings in Herbalife Ltd $HLF

State of Wyoming reduced its position in shares of Herbalife Ltd (NYSE:HLF) by 52.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,949 shares of the company’s stock after selling 36,971 shares during the period. State of Wyoming’s holdings in Herbalife were worth $278,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in Herbalife during the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in shares of Herbalife by 115.6% during the third quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock valued at $59,000 after buying an additional 3,766 shares during the period. CHICAGO TRUST Co NA bought a new position in shares of Herbalife during the third quarter valued at approximately $100,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Herbalife in the second quarter worth $103,000. Finally, EMC Capital Management bought a new stake in Herbalife in the second quarter valued at $109,000.

Insider Activity

In other news, Director Lynda Cloud purchased 17,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $8.97 per share, for a total transaction of $152,490.00. Following the purchase, the director directly owned 38,857 shares in the company, valued at approximately $348,547.29. This trade represents a 77.78% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 18,200 shares of company stock valued at $167,938. 1.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on HLF. Weiss Ratings restated a “hold (c)” rating on shares of Herbalife in a report on Thursday, January 22nd. Mizuho set a $13.00 price target on shares of Herbalife and gave the company a “neutral” rating in a research report on Thursday, January 8th. Citigroup restated a “buy” rating and issued a $17.00 price objective (up from $11.00) on shares of Herbalife in a report on Friday, December 12th. Argus set a $15.00 price objective on Herbalife in a research report on Wednesday, November 26th. Finally, Wall Street Zen raised Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.80.

Herbalife Stock Performance

Shares of HLF opened at $16.98 on Friday. Herbalife Ltd has a fifty-two week low of $5.04 and a fifty-two week high of $17.93. The firm’s 50-day simple moving average is $14.78 and its two-hundred day simple moving average is $11.22. The stock has a market cap of $1.75 billion, a PE ratio of 5.42 and a beta of 0.84.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. Herbalife had a negative return on equity of 29.84% and a net margin of 6.47%.The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts predict that Herbalife Ltd will post 1.57 EPS for the current year.

About Herbalife

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.