Herbalife Ltd. (NYSE:HLF) is Arena Capital Advisors LLC CA’s 8th Largest Position

Arena Capital Advisors LLC CA lifted its stake in shares of Herbalife Ltd. (NYSE:HLF) by 55.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,210 shares of the company’s stock after buying an additional 12,210 shares during the quarter. Herbalife comprises about 0.5% of Arena Capital Advisors LLC CA’s holdings, making the stock its 8th biggest holding. Arena Capital Advisors LLC CA’s holdings in Herbalife were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of HLF. Envestnet Asset Management Inc. lifted its position in shares of Herbalife by 6.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company’s stock worth $374,000 after buying an additional 747 shares during the last quarter. Advisor Group Holdings Inc. lifted its position in shares of Herbalife by 50.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock worth $128,000 after buying an additional 1,415 shares during the last quarter. Citigroup Inc. lifted its position in shares of Herbalife by 8.9% during the 1st quarter. Citigroup Inc. now owns 18,413 shares of the company’s stock worth $559,000 after buying an additional 1,503 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Herbalife by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,011,947 shares of the company’s stock worth $30,723,000 after buying an additional 17,482 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Herbalife during the 1st quarter worth approximately $379,000.

Herbalife Stock Performance

HLF traded up $0.25 during trading on Friday, hitting $8.84. The stock had a trading volume of 1,495,018 shares, compared to its average volume of 2,761,404. The firm has a market capitalization of $882.14 million, a P/E ratio of 6.23 and a beta of 1.22. The company’s 50-day moving average price is $8.90 and its 200 day moving average price is $11.87. Herbalife Ltd. has a twelve month low of $6.68 and a twelve month high of $19.48.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.10). The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. Herbalife had a net margin of 2.81% and a negative return on equity of 19.56%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, equities analysts expect that Herbalife Ltd. will post 1.8 earnings per share for the current fiscal year.

Insider Buying and Selling at Herbalife

In other news, CEO Michael Johnson acquired 61,725 shares of the company’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $8.07 per share, with a total value of $498,120.75. Following the purchase, the chief executive officer now owns 603,707 shares of the company’s stock, valued at approximately $4,871,915.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Michael Johnson purchased 61,725 shares of the stock in a transaction dated Friday, February 16th. The shares were acquired at an average cost of $8.07 per share, with a total value of $498,120.75. Following the purchase, the chief executive officer now directly owns 603,707 shares in the company, valued at approximately $4,871,915.49. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rodica Macadrai purchased 5,175 shares of the stock in a transaction dated Monday, March 11th. The shares were bought at an average cost of $9.31 per share, for a total transaction of $48,179.25. Following the completion of the purchase, the director now owns 12,716 shares in the company, valued at $118,385.96. The disclosure for this purchase can be found here. In the last three months, insiders have bought 85,757 shares of company stock valued at $723,278. 0.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HLF has been the subject of several recent analyst reports. Bank of America reduced their price objective on shares of Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a research report on Thursday, March 21st. Mizuho reduced their price target on shares of Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, March 21st. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Finally, DA Davidson reduced their price target on shares of Herbalife from $11.00 to $9.50 and set a “neutral” rating for the company in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Herbalife has a consensus rating of “Hold” and an average price target of $10.50.

Herbalife Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.