Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Herbalife Ltd. (NYSE:HLF – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 38,578 shares of the company’s stock, valued at approximately $621,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its stake in shares of Herbalife by 207.4% in the fourth quarter. Quadrant Capital Group LLC now owns 1,820 shares of the company’s stock worth $27,000 after acquiring an additional 1,228 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Herbalife by 50.0% in the first quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock worth $128,000 after acquiring an additional 1,415 shares during the last quarter. Platinum Investment Management Ltd. grew its stake in shares of Herbalife by 72.0% in the fourth quarter. Platinum Investment Management Ltd. now owns 4,917 shares of the company’s stock worth $73,000 after acquiring an additional 2,058 shares during the last quarter. Van ECK Associates Corp lifted its position in Herbalife by 9.5% in the fourth quarter. Van ECK Associates Corp now owns 7,236 shares of the company’s stock worth $108,000 after purchasing an additional 630 shares during the period. Finally, Point72 Middle East FZE bought a new position in Herbalife in the fourth quarter worth $121,000.
Herbalife Stock Performance
Shares of NYSE HLF opened at $15.38 on Friday. The stock has a market cap of $1.52 billion, a PE ratio of 6.78 and a beta of 1.20. The business has a fifty day moving average of $14.85 and a two-hundred day moving average of $15.38. Herbalife Ltd. has a 52-week low of $11.14 and a 52-week high of $28.03.
Analysts Set New Price Targets
HLF has been the subject of several research reports. Mizuho raised their target price on Herbalife from $13.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, August 3rd. StockNews.com initiated coverage on Herbalife in a research report on Thursday, August 17th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.50.
Get Our Latest Research Report on HLF
About Herbalife
Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotion items.
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