Herbalife Nutrition Ltd (HLF) Stake Lessened by Route One Investment Company L.P.
Route One Investment Company L.P. lowered its stake in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,934,410 shares of the company’s stock after selling 255,376 shares during the quarter. Herbalife Nutrition comprises approximately 6.9% of Route One Investment Company L.P.’s investment portfolio, making the stock its 8th largest holding. Route One Investment Company L.P. owned about 2.52% of Herbalife Nutrition worth $214,622,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Zacks Investment Management purchased a new stake in Herbalife Nutrition in the second quarter valued at approximately $1,753,000. Teacher Retirement System of Texas boosted its position in Herbalife Nutrition by 71.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,198 shares of the company’s stock worth $1,246,000 after purchasing an additional 9,702 shares in the last quarter. NorthCoast Asset Management LLC purchased a new stake in Herbalife Nutrition in the 2nd quarter worth approximately $21,267,000. Kiwi Wealth Investments Limited Partnership boosted its position in Herbalife Nutrition by 76.2% in the 2nd quarter. Kiwi Wealth Investments Limited Partnership now owns 30,516 shares of the company’s stock worth $1,639,000 after purchasing an additional 13,196 shares in the last quarter. Finally, Jennison Associates LLC purchased a new stake in Herbalife Nutrition in the 2nd quarter worth approximately $1,870,000. Hedge funds and other institutional investors own 90.30% of the company’s stock.
In related news, COO David Pezzullo sold 33,070 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $55.64, for a total value of $1,840,014.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.19% of the stock is currently owned by corporate insiders.
Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned $0.41 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. On average, research analysts forecast that Herbalife Nutrition Ltd will post 2.85 EPS for the current year.
Several equities research analysts have commented on HLF shares. Jefferies Financial Group started coverage on Herbalife Nutrition in a research report on Thursday, October 11th. They issued a “buy” rating and a $65.00 price objective on the stock. Pivotal Research restated a “buy” rating and issued a $62.00 price objective (down previously from $75.00) on shares of Herbalife Nutrition in a research report on Wednesday, October 31st. Royal Bank of Canada reaffirmed a “hold” rating on shares of Herbalife Nutrition in a research note on Friday, November 9th. Tigress Financial reaffirmed a “buy” rating on shares of Herbalife Nutrition in a research note on Friday, November 16th. Finally, ValuEngine raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $59.42.
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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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