QS Investors LLC Buys 28,965 Shares of Herbalife Nutrition Ltd (HLF)
QS Investors LLC increased its stake in Herbalife Nutrition Ltd (NYSE:HLF) by 86.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,357 shares of the company’s stock after purchasing an additional 28,965 shares during the quarter. QS Investors LLC’s holdings in Herbalife Nutrition were worth $3,676,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in shares of Herbalife Nutrition by 5.1% in the 4th quarter. Geode Capital Management LLC now owns 1,135,217 shares of the company’s stock worth $66,920,000 after purchasing an additional 55,198 shares in the last quarter. Fort L.P. lifted its stake in shares of Herbalife Nutrition by 82.9% in the 4th quarter. Fort L.P. now owns 29,997 shares of the company’s stock valued at $1,768,000 after acquiring an additional 13,592 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Herbalife Nutrition by 25.4% in the 4th quarter. Stifel Financial Corp now owns 12,172 shares of the company’s stock valued at $717,000 after acquiring an additional 2,467 shares during the last quarter. Flinton Capital Management LLC lifted its stake in shares of Herbalife Nutrition by 153.3% in the 4th quarter. Flinton Capital Management LLC now owns 21,808 shares of the company’s stock valued at $1,286,000 after acquiring an additional 13,200 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of Herbalife Nutrition in the 4th quarter valued at about $2,059,000. Institutional investors own 91.84% of the company’s stock.
HLF has been the subject of a number of recent research reports. Jefferies Financial Group set a $65.00 target price on Herbalife Nutrition and gave the company a “buy” rating in a research note on Tuesday, December 4th. Zacks Investment Research lowered Herbalife Nutrition from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Argus reissued a “buy” rating and issued a $72.00 target price on shares of Herbalife Nutrition in a research note on Friday, January 4th. Pivotal Research reissued a “buy” rating and issued a $70.00 target price on shares of Herbalife Nutrition in a research note on Tuesday, February 19th. Finally, BMO Capital Markets reissued a “neutral” rating on shares of Herbalife Nutrition in a research note on Thursday, February 28th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $64.50.
Herbalife Nutrition (NYSE:HLF) last released its earnings results on Tuesday, February 19th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. Herbalife Nutrition had a negative return on equity of 67.86% and a net margin of 6.06%. Herbalife Nutrition’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.29 EPS. On average, analysts expect that Herbalife Nutrition Ltd will post 2.9 earnings per share for the current year.
Herbalife Nutrition 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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