Prentice Capital Management LP Has $1.68 Million Stock Position in Herbalife Ltd. (NYSE:HLF)

Prentice Capital Management LP lifted its position in shares of Herbalife Ltd. (NYSE:HLF) by 27.0% during the third quarter, Holdings Channel.com reports. The firm owned 233,851 shares of the company’s stock after buying an additional 49,747 shares during the quarter. Herbalife accounts for 3.7% of Prentice Capital Management LP’s portfolio, making the stock its 8th biggest holding. Prentice Capital Management LP’s holdings in Herbalife were worth $1,681,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Baupost Group LLC MA increased its holdings in shares of Herbalife by 128.3% during the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after purchasing an additional 2,879,603 shares during the period. Marshall Wace LLP increased its holdings in Herbalife by 2,053.6% in the 2nd quarter. Marshall Wace LLP now owns 1,977,155 shares of the company’s stock valued at $20,543,000 after buying an additional 1,885,346 shares during the period. Renaissance Technologies LLC raised its position in Herbalife by 11.6% during the second quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock valued at $69,129,000 after purchasing an additional 692,800 shares in the last quarter. Iridian Asset Management LLC CT raised its holdings in shares of Herbalife by 43.7% during the 3rd quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock worth $16,021,000 after buying an additional 677,739 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Herbalife by 15.3% during the 2nd quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock worth $41,354,000 after buying an additional 500,876 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on HLF shares. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. B. Riley reduced their target price on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Citigroup dropped their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. DA Davidson reduced their price target on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. Finally, Mizuho upped their target price on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $9.90.

Herbalife Trading Down 1.5 %

Shares of Herbalife stock opened at $7.80 on Wednesday. The company has a market capitalization of $785.66 million, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.28 and a beta of 1.17. The stock has a fifty day simple moving average of $7.53 and a 200 day simple moving average of $9.05. Herbalife Ltd. has a 12-month low of $6.59 and a 12-month high of $15.66.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. On average, analysts predict that Herbalife Ltd. will post 1.51 EPS for the current year.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 10,000 shares of Herbalife stock in a transaction on Monday, September 9th. The stock was purchased at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the purchase, the director now directly owns 120,000 shares of the company’s stock, valued at $853,200. This trade represents a 9.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders bought 15,000 shares of company stock worth $112,275. Insiders own 0.94% of the company’s stock.

Herbalife Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.