Victory Capital Management Inc. purchased a new position in shares of Herbalife Nutrition Ltd (NYSE:HLF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 86,060 shares of the company’s stock, valued at approximately $4,560,000.
Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Herbalife Nutrition by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,670,859 shares of the company’s stock valued at $91,145,000 after purchasing an additional 414,819 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Herbalife Nutrition by 17.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 902,632 shares of the company’s stock valued at $49,239,000 after purchasing an additional 132,525 shares during the last quarter. Vanguard Group Inc increased its position in shares of Herbalife Nutrition by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 10,058,515 shares of the company’s stock valued at $548,692,000 after purchasing an additional 103,973 shares during the last quarter. Hanseatic Management Services Inc. increased its position in shares of Herbalife Nutrition by 38.5% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,764 shares of the company’s stock valued at $104,000 after purchasing an additional 490 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Herbalife Nutrition by 22.6% during the 4th quarter. KBC Group NV now owns 11,261 shares of the company’s stock valued at $664,000 after purchasing an additional 2,078 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.
In other Herbalife Nutrition news, SVP Edi Hienrich sold 738 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $47.62, for a total value of $35,143.56. Following the completion of the sale, the senior vice president now directly owns 22,246 shares in the company, valued at approximately $1,059,354.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.31% of the stock is currently owned by corporate insiders.
Several equities analysts have recently weighed in on the company. BMO Capital Markets reissued a “hold” rating and set a $9.00 target price on shares of Herbalife Nutrition in a research report on Friday, May 17th. Citigroup set a $66.00 price objective on Herbalife Nutrition and gave the company a “buy” rating in a research report on Friday, May 3rd. Argus downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Herbalife Nutrition in a research report on Tuesday, February 26th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Herbalife Nutrition has a consensus rating of “Hold” and a consensus price target of $57.50.
Shares of HLF stock traded down $0.19 during mid-day trading on Friday, hitting $43.03. The stock had a trading volume of 11,186 shares, compared to its average volume of 1,616,906. Herbalife Nutrition Ltd has a 12-month low of $43.13 and a 12-month high of $61.77. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 15.01 and a beta of 0.31.
Herbalife Nutrition (NYSE:HLF) last issued its earnings results on Thursday, May 2nd. The company reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). Herbalife Nutrition had a negative return on equity of 56.65% and a net margin of 6.36%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Herbalife Nutrition’s quarterly revenue was down .4% compared to the same quarter last year. Analysts forecast that Herbalife Nutrition Ltd will post 2.99 EPS for the current fiscal year.
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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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