Comerica Bank Sells 223 Shares of Herbalife LTD. (HLF)
Comerica Bank lowered its position in shares of Herbalife LTD. (NYSE:HLF) by 6.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,204 shares of the company’s stock after selling 223 shares during the period. Comerica Bank’s holdings in Herbalife LTD. were worth $221,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP grew its position in shares of Herbalife LTD. by 468.2% during the second quarter. First Trust Advisors LP now owns 172,027 shares of the company’s stock worth $12,271,000 after acquiring an additional 141,752 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Herbalife LTD. by 11.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 261,811 shares of the company’s stock worth $18,675,000 after acquiring an additional 27,040 shares during the last quarter. Sei Investments Co. grew its position in shares of Herbalife LTD. by 19.4% during the second quarter. Sei Investments Co. now owns 15,340 shares of the company’s stock worth $1,095,000 after acquiring an additional 2,495 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Herbalife LTD. during the second quarter worth about $484,000. Finally, Acadian Asset Management LLC bought a new position in shares of Herbalife LTD. during the second quarter worth about $106,000.
Herbalife LTD. (NYSE HLF) opened at 67.83 on Friday. Herbalife LTD. has a 12 month low of $47.62 and a 12 month high of $74.49. The company has a 50-day moving average of $67.19 and a 200-day moving average of $66.15. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 14.26 and a beta of 1.22.
Herbalife LTD. (NYSE:HLF) last announced its earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.41. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $1.29 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Analysts predict that Herbalife LTD. will post $4.71 EPS for the current year.
Several equities analysts have recently commented on the stock. SunTrust Banks, Inc. set a $67.00 price target on shares of Herbalife LTD. and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Tigress Financial restated a “buy” rating on shares of Herbalife LTD. in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Herbalife LTD. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of Herbalife LTD. from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Thursday, August 3rd. Finally, ValuEngine upgraded shares of Herbalife LTD. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Herbalife LTD. has a consensus rating of “Buy” and an average price target of $83.00.
Herbalife LTD. Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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