First Trust Advisors LP Sells 107,361 Shares of Herbalife Ltd. (HLF)
First Trust Advisors LP reduced its holdings in shares of Herbalife Ltd. (NYSE:HLF) by 48.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,310 shares of the company’s stock after selling 107,361 shares during the period. First Trust Advisors LP’s holdings in Herbalife were worth $7,673,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Opera Trading Capital bought a new position in Herbalife during the third quarter valued at approximately $185,000. The Manufacturers Life Insurance Company grew its position in Herbalife by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock valued at $201,000 after acquiring an additional 189 shares during the last quarter. FDx Advisors Inc. bought a new position in Herbalife during the third quarter valued at approximately $227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Herbalife by 36.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,445 shares of the company’s stock valued at $233,000 after acquiring an additional 922 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Herbalife during the third quarter valued at approximately $237,000. Institutional investors and hedge funds own 98.92% of the company’s stock.
In related news, SVP Thomas Harms sold 8,532 shares of the firm’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $68.49, for a total value of $584,356.68. Following the completion of the sale, the senior vice president now owns 1,000 shares of the company’s stock, valued at $68,490. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Edi Hienrich sold 29,089 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $91.91, for a total value of $2,673,569.99. Following the completion of the sale, the senior vice president now directly owns 45,060 shares of the company’s stock, valued at approximately $4,141,464.60. The disclosure for this sale can be found here. Insiders sold 81,294 shares of company stock worth $6,733,366 in the last 90 days. Company insiders own 4.95% of the company’s stock.
Herbalife Ltd. (NYSE:HLF) opened at $94.72 on Monday. The company has a quick ratio of 1.68, a current ratio of 2.05 and a debt-to-equity ratio of -6.47. Herbalife Ltd. has a fifty-two week low of $50.70 and a fifty-two week high of $95.93. The stock has a market cap of $8,280.39, a P/E ratio of 19.49 and a beta of 1.20.
Herbalife (NYSE:HLF) last issued its earnings results on Thursday, February 22nd. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.33. Herbalife had a net margin of 4.83% and a return on equity of 457.78%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $1.00 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis. research analysts forecast that Herbalife Ltd. will post 5.3 EPS for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/first-trust-advisors-lp-sells-107361-shares-of-herbalife-ltd-hlf/1908874.html.
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.
Want to see what other hedge funds are holding HLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Herbalife Ltd. (NYSE:HLF).
Receive News & Ratings for Herbalife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife and related companies with MarketBeat.com's FREE daily email newsletter.