Maverick Capital Ltd. Grows Holdings in Herbalife LTD. (HLF)
Maverick Capital Ltd. raised its position in Herbalife LTD. (NYSE:HLF) by 209.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,080 shares of the company’s stock after acquiring an additional 13,590 shares during the quarter. Maverick Capital Ltd.’s holdings in Herbalife LTD. were worth $1,432,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLF. BlackRock Inc. grew its position in Herbalife LTD. by 19,647.9% in the 1st quarter. BlackRock Inc. now owns 3,149,983 shares of the company’s stock valued at $183,139,000 after acquiring an additional 3,134,032 shares in the last quarter. FMR LLC grew its position in Herbalife LTD. by 9.1% in the 2nd quarter. FMR LLC now owns 8,025,946 shares of the company’s stock valued at $572,490,000 after acquiring an additional 667,474 shares in the last quarter. First Trust Advisors LP grew its position in Herbalife LTD. by 468.2% in the 2nd quarter. First Trust Advisors LP now owns 172,027 shares of the company’s stock valued at $12,271,000 after acquiring an additional 141,752 shares in the last quarter. UBS Oconnor LLC grew its position in Herbalife LTD. by 15.0% in the 2nd quarter. UBS Oconnor LLC now owns 1,062,200 shares of the company’s stock valued at $75,767,000 after acquiring an additional 138,428 shares in the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new position in Herbalife LTD. in the 2nd quarter valued at about $6,032,000.
Several equities analysts have weighed in on HLF shares. Zacks Investment Research raised Herbalife LTD. from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Thursday, August 3rd. Citigroup Inc. reissued a “hold” rating and set a $73.00 price objective (up from $71.00) on shares of Herbalife LTD. in a research report on Tuesday, October 3rd. Tigress Financial reissued a “buy” rating on shares of Herbalife LTD. in a research report on Monday, August 21st. SunTrust Banks, Inc. set a $67.00 price objective on Herbalife LTD. and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine raised Herbalife LTD. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $83.25.
Shares of Herbalife LTD. (NYSE:HLF) traded up 11.15% during trading on Friday, hitting $75.25. The stock had a trading volume of 7,584,373 shares. Herbalife LTD. has a one year low of $47.62 and a one year high of $75.75. The company has a market cap of $6.79 billion, a P/E ratio of 15.82 and a beta of 1.23. The stock’s 50-day moving average price is $68.39 and its 200-day moving average price is $67.28.
Herbalife LTD. (NYSE:HLF) last announced its earnings results on Tuesday, August 1st. The company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.10 by $0.41. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. On average, equities research analysts forecast that Herbalife LTD. will post $4.71 EPS for the current fiscal year.
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About Herbalife LTD.
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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