Sterling Capital Management LLC Has $2.26 Million Holdings in Herbalife LTD. (NYSE:HLF)

Sterling Capital Management LLC raised its position in shares of Herbalife LTD. (NYSE:HLF) by 52.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,670 shares of the company’s stock after acquiring an additional 10,840 shares during the quarter. Sterling Capital Management LLC’s holdings in Herbalife LTD. were worth $2,259,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. M&T Bank Corp raised its holdings in shares of Herbalife LTD. by 0.3% during the second quarter. M&T Bank Corp now owns 5,371 shares of the company’s stock valued at $384,000 after acquiring an additional 15 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Herbalife LTD. by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock valued at $201,000 after acquiring an additional 189 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Herbalife LTD. by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after acquiring an additional 268 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Herbalife LTD. by 6.3% in the second quarter. Prudential Financial Inc. now owns 5,081 shares of the company’s stock valued at $362,000 after purchasing an additional 300 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its position in shares of Herbalife LTD. by 2.4% in the second quarter. Tudor Investment Corp ET AL now owns 34,009 shares of the company’s stock valued at $2,426,000 after purchasing an additional 781 shares in the last quarter.

Shares of Herbalife LTD. (HLF) traded down 1.33% on Friday, reaching $70.28. The company had a trading volume of 89,376 shares. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 14.78 and a beta of 1.23. Herbalife LTD. has a 1-year low of $47.62 and a 1-year high of $79.64. The firm has a 50-day moving average price of $71.11 and a 200 day moving average price of $69.08.

Herbalife LTD. (NYSE:HLF) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.41. The company had revenue of $1.15 billion during 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%. Herbalife LTD.’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. Equities research analysts predict that Herbalife LTD. will post $4.77 earnings per share for the current year.

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A number of research firms have recently issued reports on HLF. Pivotal Research restated a “buy” rating and issued a $120.00 price target on shares of Herbalife LTD. in a research report on Thursday, July 20th. Zacks Investment Research lowered Herbalife LTD. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine upgraded Herbalife LTD. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub lowered Herbalife LTD. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Citigroup Inc. restated a “hold” rating and issued a $73.00 price target (up from $71.00) on shares of Herbalife LTD. in a research report on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Herbalife LTD. presently has an average rating of “Hold” and an average target price of $83.25.

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.

Institutional Ownership by Quarter for Herbalife LTD. (NYSE:HLF)

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