Quantitative Systematic Strategies LLC purchased a new position in Herbalife Nutrition Ltd. (NYSE:HLF) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,129 shares of the company’s stock, valued at approximately $534,000.
Several other large investors also recently modified their holdings of HLF. Altshuler Shaham Ltd increased its stake in shares of Herbalife Nutrition by 22,041.8% in the first quarter. Altshuler Shaham Ltd now owns 1,771,343 shares of the company’s stock worth $78,577,000 after buying an additional 1,763,343 shares during the last quarter. Route One Investment Company L.P. increased its stake in shares of Herbalife Nutrition by 20.0% in the first quarter. Route One Investment Company L.P. now owns 7,494,804 shares of the company’s stock worth $332,470,000 after buying an additional 1,248,500 shares during the last quarter. BlueDrive Global Investors LLP bought a new stake in shares of Herbalife Nutrition in the first quarter worth $45,945,000. BlackRock Inc. increased its stake in Herbalife Nutrition by 23.9% during the second quarter. BlackRock Inc. now owns 5,084,740 shares of the company’s stock valued at $268,118,000 after purchasing an additional 979,536 shares during the last quarter. Finally, 683 Capital Management LLC bought a new stake in Herbalife Nutrition during the first quarter valued at $42,749,000. Institutional investors and hedge funds own 90.26% of the company’s stock.
In other Herbalife Nutrition news, CEO John O. Agwunobi purchased 5,000 shares of the business’s stock in a transaction on Friday, September 17th. The stock was bought at an average cost of $44.90 per share, with a total value of $224,500.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO John O. Agwunobi purchased 5,200 shares of the business’s stock in a transaction on Thursday, August 5th. The stock was acquired at an average cost of $48.19 per share, with a total value of $250,588.00. The disclosure for this purchase can be found here. Insiders purchased 13,625 shares of company stock valued at $640,166 in the last ninety days. Corporate insiders own 1.49% of the company’s stock.
Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings data on Tuesday, August 3rd. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.27. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. Herbalife Nutrition had a net margin of 8.41% and a negative return on equity of 51.15%. On average, equities analysts expect that Herbalife Nutrition Ltd. will post 4.91 EPS for the current fiscal year.
Several analysts have weighed in on HLF shares. Jefferies Financial Group started coverage on shares of Herbalife Nutrition in a research note on Wednesday, September 15th. They set a “buy” rating and a $65.00 target price for the company. B. Riley lowered their target price on shares of Herbalife Nutrition from $70.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, September 15th. They noted that the move was a valuation call. Citigroup lowered their target price on shares of Herbalife Nutrition from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 16th. Zacks Investment Research lowered shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Friday, August 6th. Finally, Royal Bank of Canada boosted their target price on shares of Herbalife Nutrition from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $54.00.
About Herbalife Nutrition
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
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