Ajo LP raised its stake in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,182,484 shares of the company’s stock after buying an additional 96,116 shares during the period. Ajo LP’s holdings in Herbalife Nutrition were worth $62,660,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position in shares of Herbalife Nutrition by 452.0% during the 1st quarter. Quadrant Capital Group LLC now owns 541 shares of the company’s stock valued at $28,000 after purchasing an additional 443 shares in the last quarter. Penserra Capital Management LLC bought a new position in shares of Herbalife Nutrition during the 4th quarter valued at about $30,000. Enlightenment Research LLC bought a new position in shares of Herbalife Nutrition during the 4th quarter valued at about $124,000. O Shaughnessy Asset Management LLC bought a new position in shares of Herbalife Nutrition during the 4th quarter valued at about $134,000. Finally, SG Americas Securities LLC boosted its position in shares of Herbalife Nutrition by 100.6% during the 1st quarter. SG Americas Securities LLC now owns 2,580 shares of the company’s stock valued at $137,000 after purchasing an additional 457,013 shares in the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HLF opened at $43.60 on Tuesday. Herbalife Nutrition Ltd has a one year low of $41.20 and a one year high of $61.77. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 15.14 and a beta of 0.52.

Herbalife Nutrition (NYSE:HLF) last announced its earnings results on Thursday, May 2nd. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.01). Herbalife Nutrition had a negative return on equity of 56.65% and a net margin of 6.36%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The business’s quarterly revenue was down .4% compared to the same quarter last year. Sell-side analysts predict that Herbalife Nutrition Ltd will post 2.99 EPS for the current year.

HLF has been the subject of several research reports. Jefferies Financial Group restated a “buy” rating and set a $65.00 price objective on shares of Herbalife Nutrition in a research report on Tuesday, February 26th. ValuEngine lowered shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. BMO Capital Markets restated a “neutral” rating on shares of Herbalife Nutrition in a research report on Thursday, February 28th. Argus cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Citigroup set a $66.00 target price on shares of Herbalife Nutrition and gave the stock a “buy” rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $57.50.

In other Herbalife Nutrition news, SVP Edi Hienrich sold 738 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.62, for a total value of $35,143.56. Following the completion of the transaction, the senior vice president now directly owns 22,246 shares in the company, valued at $1,059,354.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 6.31% of the company’s stock.

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Herbalife Nutrition Company Profile

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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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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