Cadence Capital Management LLC lowered its stake in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,156 shares of the company’s stock after selling 440 shares during the quarter. Cadence Capital Management LLC’s holdings in Herbalife Nutrition were worth $839,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. WINTON GROUP Ltd boosted its stake in Herbalife Nutrition by 13.2% during the 2nd quarter. WINTON GROUP Ltd now owns 32,978 shares of the company’s stock valued at $1,410,000 after purchasing an additional 3,858 shares during the period. Fox Run Management L.L.C. acquired a new position in Herbalife Nutrition during the 2nd quarter valued at about $301,000. SG Americas Securities LLC boosted its stake in Herbalife Nutrition by 16.7% during the 2nd quarter. SG Americas Securities LLC now owns 3,010 shares of the company’s stock valued at $129,000 after purchasing an additional 430 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Herbalife Nutrition by 610.9% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 437,348 shares of the company’s stock valued at $18,701,000 after purchasing an additional 375,828 shares during the period. Finally, KBC Group NV boosted its stake in Herbalife Nutrition by 2.6% during the 2nd quarter. KBC Group NV now owns 77,957 shares of the company’s stock valued at $3,334,000 after purchasing an additional 1,961 shares during the period. 92.93% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on HLF shares. Zacks Investment Research raised shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $10.00 price target on shares of Herbalife Nutrition in a research note on Thursday, August 8th. Citigroup reduced their price target on shares of Herbalife Nutrition from $66.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Pivotal Research reaffirmed a “buy” rating and issued a $65.00 price target (down from $75.00) on shares of Herbalife Nutrition in a research note on Friday, August 2nd. Finally, ValuEngine raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Herbalife Nutrition has an average rating of “Buy” and an average target price of $49.25.
Shares of NYSE:HLF opened at $44.67 on Friday. The company has a 50 day moving average of $39.64 and a 200-day moving average of $41.86. The firm has a market cap of $6.08 billion, a P/E ratio of 15.51 and a beta of 0.48. Herbalife Nutrition Ltd has a twelve month low of $33.62 and a twelve month high of $61.77.
Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.09. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.21 billion. Herbalife Nutrition had a net margin of 6.26% and a negative return on equity of 61.31%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS. Equities analysts forecast that Herbalife Nutrition Ltd will post 2.61 earnings per share for the current fiscal year.
About Herbalife Nutrition
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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