Aperio Group LLC lifted its stake in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,091 shares of the company’s stock after purchasing an additional 9,633 shares during the quarter. Aperio Group LLC owned 0.06% of Herbalife Nutrition worth $4,969,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HLF. First Hawaiian Bank bought a new stake in shares of Herbalife Nutrition during the 3rd quarter valued at $139,000. BNP Paribas Arbitrage SA raised its stake in shares of Herbalife Nutrition by 124.4% during the 1st 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 raised its stake in shares of Herbalife Nutrition by 1,979.1% during the 2nd 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. raised its stake 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 valued at $156,000 after purchasing an additional 1,450 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake 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 valued at $176,000 after purchasing an additional 1,744 shares during the period. Institutional investors own 88.00% of the company’s stock.
A number of research firms recently issued reports on HLF. Pivotal Research reiterated a “buy” rating and set a $75.00 price objective on shares of Herbalife Nutrition in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Monday, October 15th. Jefferies Financial Group initiated coverage on Herbalife Nutrition in a research note on Thursday, October 11th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, ValuEngine upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.75.
Shares of NYSE HLF opened at $53.40 on Friday. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.12 and a beta of 0.67. Herbalife Nutrition Ltd has a twelve month low of $32.13 and a twelve month high of $60.41.
Herbalife Nutrition (NYSE:HLF) last announced its earnings results on Tuesday, October 30th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.07. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Herbalife Nutrition had a negative return on equity of 96.81% and a net margin of 3.84%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. On average, equities analysts predict that Herbalife Nutrition Ltd will post 2.8 earnings per share for the current fiscal year.
In other Herbalife Nutrition news, COO David Pezzullo sold 99,875 shares of the company’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $55.29, for a total value of $5,522,088.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 6.19% of the stock is owned by corporate insiders.
Herbalife Nutrition Company 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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