Y Intercept Hong Kong Ltd Sells 46,672 Shares of Herbalife Ltd $HLF

Y Intercept Hong Kong Ltd trimmed its position in Herbalife Ltd (NYSE:HLF) by 75.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,937 shares of the company’s stock after selling 46,672 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Herbalife were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HLF. FNY Investment Advisers LLC bought a new position in Herbalife in the 2nd quarter worth $29,000. GAMMA Investing LLC grew its position in shares of Herbalife by 115.6% in the third quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock valued at $59,000 after purchasing an additional 3,766 shares during the last quarter. CHICAGO TRUST Co NA bought a new position in shares of Herbalife in the third quarter worth about $100,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Herbalife during the 2nd quarter worth about $103,000. Finally, EMC Capital Management bought a new stake in Herbalife during the 2nd quarter valued at approximately $109,000.

Herbalife Price Performance

HLF opened at $16.98 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 5.42 and a beta of 0.84. The firm’s fifty day moving average price is $14.78 and its two-hundred day moving average price is $11.21. Herbalife Ltd has a fifty-two week low of $5.04 and a fifty-two week high of $17.93.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Herbalife had a net margin of 6.47% and a negative return on equity of 29.84%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on HLF. Citigroup reiterated a “buy” rating and set a $17.00 price target (up from $11.00) on shares of Herbalife in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Herbalife in a research note on Thursday, January 22nd. Maxim Group assumed coverage on shares of Herbalife in a report on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price target for the company. Mizuho set a $13.00 price objective on shares of Herbalife and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Argus set a $15.00 price objective on shares of Herbalife in a research report on Wednesday, November 26th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.80.

Insider Transactions at Herbalife

In other Herbalife news, Director Lynda Cloud purchased 17,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $8.97 per share, for a total transaction of $152,490.00. Following the completion of the purchase, the director directly owned 38,857 shares in the company, valued at approximately $348,547.29. This trade represents a 77.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 18,200 shares of company stock valued at $167,938 over the last three months. Corporate insiders own 1.73% of the company’s stock.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.