Cubist Systematic Strategies LLC trimmed its stake in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 46.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 24,441 shares of the company’s stock after selling 20,912 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Herbalife Nutrition were worth $1,313,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in shares of Herbalife Nutrition by 6.0% during the 1st quarter. Russell Investments Group Ltd. now owns 8,457 shares of the company’s stock worth $824,000 after buying an additional 480 shares during the last quarter. World Asset Management Inc lifted its position in shares of Herbalife Nutrition by 49.9% during the 2nd quarter. World Asset Management Inc now owns 4,059 shares of the company’s stock worth $218,000 after buying an additional 1,352 shares during the last quarter. Gideon Capital Advisors Inc. lifted its position in shares of Herbalife Nutrition by 39.1% during the 1st quarter. Gideon Capital Advisors Inc. now owns 5,014 shares of the company’s stock worth $489,000 after buying an additional 1,409 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Herbalife Nutrition by 100.0% during the 2nd quarter. Whittier Trust Co. now owns 2,900 shares of the company’s stock worth $156,000 after buying an additional 1,450 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Herbalife Nutrition by 115.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock worth $176,000 after buying an additional 1,744 shares during the last quarter. Hedge funds and other institutional investors own 88.13% of the company’s stock.
HLF has been the subject of several recent analyst reports. ValuEngine upgraded Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Tuesday, July 3rd. Finally, Pivotal Research restated a “buy” rating and set a $75.00 price objective on shares of Herbalife Nutrition in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $61.30.
Herbalife Nutrition stock opened at $55.11 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.91 and a debt-to-equity ratio of -1.87. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 22.68 and a beta of 0.71. Herbalife Nutrition Ltd has a 12 month low of $32.13 and a 12 month high of $60.41.
Herbalife Nutrition (NYSE:HLF) last posted its earnings results on Wednesday, August 1st. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.68 by $0.12. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. Herbalife Nutrition had a negative return on equity of 140.85% and a net margin of 3.61%. The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.51 earnings per share. research analysts anticipate that Herbalife Nutrition Ltd will post 2.75 EPS for the current year.
In other news, EVP Alan L. Hoffman sold 55,576 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $57.50, for a total value of $3,195,620.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeff Dunn sold 17,440 shares of the stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $58.53, for a total value of $1,020,763.20. The disclosure for this sale can be found here. 6.19% of the stock is currently owned by company insiders.
About Herbalife Nutrition
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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