Trexquant Investment LP purchased a new stake in Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 67,739 shares of the company’s stock, valued at approximately $1,347,000. Trexquant Investment LP owned approximately 0.07% of Herbalife Nutrition at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Herbalife Nutrition by 8.7% in the third quarter. Vanguard Group Inc. now owns 13,065,944 shares of the company’s stock valued at $259,881,000 after purchasing an additional 1,050,992 shares in the last quarter. Windacre Partnership LLC increased its holdings in shares of Herbalife Nutrition by 0.8% in the second quarter. Windacre Partnership LLC now owns 10,083,500 shares of the company’s stock valued at $206,208,000 after purchasing an additional 80,000 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Herbalife Nutrition by 26.6% in the third quarter. BlackRock Inc. now owns 8,604,102 shares of the company’s stock valued at $171,134,000 after purchasing an additional 1,807,216 shares in the last quarter. FMR LLC increased its holdings in shares of Herbalife Nutrition by 3.3% in the second quarter. FMR LLC now owns 6,388,283 shares of the company’s stock valued at $130,641,000 after purchasing an additional 203,414 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. increased its holdings in shares of Herbalife Nutrition by 4.0% in the third quarter. Bronte Capital Management Pty Ltd. now owns 3,116,215 shares of the company’s stock valued at $61,982,000 after purchasing an additional 119,554 shares in the last quarter. Institutional investors and hedge funds own 98.91% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on HLF shares. Citigroup lifted their target price on shares of Herbalife Nutrition from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, March 1st. Bank of America started coverage on shares of Herbalife Nutrition in a report on Friday, February 3rd. They set an “underperform” rating and a $14.00 target price for the company. Finally, StockNews.com lowered shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.60.
Insider Transactions at Herbalife Nutrition
Herbalife Nutrition Stock Down 1.6 %
Shares of NYSE HLF opened at $19.60 on Monday. The company’s fifty day moving average is $17.92 and its 200-day moving average is $18.82. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 6.09 and a beta of 1.13. Herbalife Nutrition Ltd. has a twelve month low of $12.04 and a twelve month high of $34.78.
Herbalife Nutrition (NYSE:HLF – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.39. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Herbalife Nutrition had a net margin of 6.17% and a negative return on equity of 24.61%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. On average, research analysts anticipate that Herbalife Nutrition Ltd. will post 2.63 EPS for the current fiscal year.
Herbalife Nutrition Company Profile
Herbalife Nutrition Ltd. engages in the provision of health and wellness products. It operates through the following geographical segments: North America, Latin America, EMEA, Asia Pacific, and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in Los Angeles, CA.
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