Bronte Capital Management Pty Ltd. Reduces Position in Herbalife Ltd $HLF

Bronte Capital Management Pty Ltd. trimmed its holdings in Herbalife Ltd (NYSE:HLF) by 16.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 939,926 shares of the company’s stock after selling 180,249 shares during the quarter. Herbalife makes up about 1.5% of Bronte Capital Management Pty Ltd.’s portfolio, making the stock its 14th biggest position. Bronte Capital Management Pty Ltd. owned 0.91% of Herbalife worth $13,836,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in Herbalife in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of Herbalife by 512.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,544 shares of the company’s stock valued at $84,000 after purchasing an additional 5,476 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Herbalife during the third quarter valued at $65,000. New York State Teachers Retirement System bought a new position in shares of Herbalife in the fourth quarter worth about $119,000. Finally, Quarry LP grew its holdings in shares of Herbalife by 49,105.3% in the third quarter. Quarry LP now owns 9,349 shares of the company’s stock worth $79,000 after purchasing an additional 9,330 shares during the last quarter.

Herbalife Stock Performance

Shares of HLF opened at $13.13 on Friday. The company has a 50 day moving average price of $13.11 and a 200-day moving average price of $14.85. Herbalife Ltd has a fifty-two week low of $7.56 and a fifty-two week high of $20.40. The stock has a market capitalization of $1.36 billion, a PE ratio of 5.76, a PEG ratio of 0.77 and a beta of 0.86.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. Herbalife had a net margin of 4.67% and a negative return on equity of 41.47%. Herbalife’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Equities research analysts forecast that Herbalife Ltd will post 2.47 EPS for the current year.

Insiders Place Their Bets

In related news, insider Frank Lamberti sold 134,982 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total transaction of $1,822,257.00. Following the sale, the insider owned 36,624 shares of the company’s stock, valued at $494,424. This trade represents a 78.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Troy Hicks sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $12.32, for a total value of $123,200.00. Following the sale, the chief operating officer directly owned 9,706 shares in the company, valued at approximately $119,577.92. The trade was a 50.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 191,296 shares of company stock valued at $2,551,678 over the last 90 days. 5.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on HLF. Zacks Research cut shares of Herbalife from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Wall Street Zen raised shares of Herbalife from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Weiss Ratings raised shares of Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Mizuho set a $17.00 price target on Herbalife in a report on Monday, May 4th. Finally, Royal Bank Of Canada reduced their price objective on Herbalife from $17.00 to $16.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.80.

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.