92,138 Shares in Herbalife Ltd $HLF Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new stake in shares of Herbalife Ltd (NYSE:HLF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,138 shares of the company’s stock, valued at approximately $778,000. Cinctive Capital Management LP owned 0.09% of Herbalife at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of HLF. Aster Capital Management DIFC Ltd bought a new position in shares of Herbalife during the 3rd quarter worth $35,000. GAMMA Investing LLC raised its stake in Herbalife by 115.6% in the 3rd quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock valued at $59,000 after acquiring an additional 3,766 shares during the period. CHICAGO TRUST Co NA purchased a new stake in Herbalife during the third quarter valued at about $100,000. EMC Capital Management purchased a new stake in Herbalife during the second quarter valued at about $109,000. Finally, Lazard Asset Management LLC boosted its position in Herbalife by 30.4% during the third quarter. Lazard Asset Management LLC now owns 13,346 shares of the company’s stock worth $113,000 after purchasing an additional 3,112 shares during the period.

Herbalife Stock Down 0.7%

HLF stock opened at $15.28 on Tuesday. The stock has a 50-day simple moving average of $16.80 and a two-hundred day simple moving average of $12.66. Herbalife Ltd has a twelve month low of $6.20 and a twelve month high of $20.40. The firm has a market capitalization of $1.58 billion, a PE ratio of 6.94, a PEG ratio of 0.92 and a beta of 0.83.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Herbalife had a negative return on equity of 35.02% and a net margin of 4.53%.The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HLF shares. Argus set a $15.00 target price on shares of Herbalife in a research note on Wednesday, November 26th. Citigroup restated a “buy” rating and set a $21.00 price target (up from $17.00) on shares of Herbalife in a research note on Thursday, February 19th. Zacks Research raised shares of Herbalife from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Maxim Group began coverage on shares of Herbalife in a research note on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Mizuho set a $13.00 target price on shares of Herbalife and gave the company a “neutral” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.60.

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.