Acadian Asset Management LLC Increases Holdings in Herbalife Nutrition Ltd (HLF)

Acadian Asset Management LLC raised its position in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 484.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 991,495 shares of the company’s stock after purchasing an additional 821,856 shares during the period. Acadian Asset Management LLC’s holdings in Herbalife Nutrition were worth $54,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HLF. First Hawaiian Bank bought a new position in Herbalife Nutrition during the third quarter valued at $139,000. BNP Paribas Arbitrage SA grew its holdings in Herbalife Nutrition by 124.4% during the first quarter. BNP Paribas Arbitrage SA now owns 1,462 shares of the company’s stock valued at $143,000 after purchasing an additional 7,461 shares during the period. Point72 Hong Kong Ltd grew its holdings in Herbalife Nutrition by 1,979.1% during the second quarter. Point72 Hong Kong Ltd now owns 2,890 shares of the company’s stock valued at $155,000 after purchasing an additional 2,751 shares during the period. Whittier Trust Co. grew its holdings in Herbalife Nutrition by 100.0% during the second quarter. Whittier Trust Co. now owns 2,900 shares of the company’s stock valued at $156,000 after purchasing an additional 1,450 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Herbalife Nutrition by 115.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock valued at $176,000 after purchasing an additional 1,744 shares during the period. 88.00% of the stock is owned by institutional investors and hedge funds.

In other news, COO David Pezzullo sold 99,875 shares of the firm’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $55.29, for a total value of $5,522,088.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 6.19% of the stock is owned by company insiders.

Herbalife Nutrition stock opened at $53.40 on Friday. Herbalife Nutrition Ltd has a one year low of $32.13 and a one year high of $60.41. The firm has a market capitalization of $8.60 billion, a PE ratio of 18.96, a P/E/G ratio of 1.12 and a beta of 0.67.

Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a negative return on equity of 96.81% and a net margin of 3.84%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, research analysts anticipate that Herbalife Nutrition Ltd will post 2.84 EPS for the current fiscal year.

Several brokerages have weighed in on HLF. Zacks Investment Research raised Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, August 3rd. Pivotal Research reissued a “buy” rating and set a $62.00 price objective (down from $75.00) on shares of Herbalife Nutrition in a report on Wednesday. Jefferies Financial Group reissued a “buy” rating and set a $65.00 price objective on shares of Herbalife Nutrition in a report on Thursday. Finally, ValuEngine raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Herbalife Nutrition presently has an average rating of “Buy” and an average price target of $58.75.

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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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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