Teacher Retirement System of Texas Sells 3,479 Shares of Herbalife Ltd. (NYSE:HLF)

Posted by Defense World Staff on Oct 20th, 2023

Teacher Retirement System of Texas lessened its stake in shares of Herbalife Ltd. (NYSE:HLF – Free Report) by 24.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,988 shares of the company’s stock after selling 3,479 shares during the period. Teacher Retirement System of Texas’ holdings in Herbalife were worth $145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its holdings in Herbalife by 150.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,900 shares of the company’s stock worth $31,000 after acquiring an additional 1,140 shares in the last quarter. Point72 Middle East FZE bought a new stake in Herbalife in the fourth quarter valued at approximately $121,000. Counterpoint Mutual Funds LLC bought a new stake in Herbalife in the second quarter valued at approximately $128,000. Advisor Group Holdings Inc. raised its stake in Herbalife by 50.0% in the first quarter. Advisor Group Holdings Inc. now owns 4,243 shares of the company’s stock valued at $128,000 after buying an additional 1,415 shares during the period. Finally, Van ECK Associates Corp raised its stake in Herbalife by 18.8% in the first quarter. Van ECK Associates Corp now owns 8,593 shares of the company’s stock valued at $138,000 after buying an additional 1,357 shares during the period.

Insider Buying and Selling at Herbalife

In other Herbalife news, EVP Ibelis Montesino sold 6,604 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $14.99, for a total value of $98,993.96. Following the sale, the executive vice president now owns 139,224 shares of the company’s stock, valued at approximately $2,086,967.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on HLF shares. StockNews.com started coverage on Herbalife in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. DA Davidson began coverage on Herbalife in a research note on Wednesday, September 13th. They issued a “neutral” rating and a $13.50 price objective on the stock. Mizuho increased their target price on Herbalife from $13.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, August 3rd. Finally, BMO Capital Markets began coverage on Herbalife in a research note on Monday. They set a “market perform” rating and a $12.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Herbalife has an average rating of “Hold” and an average target price of $19.25.

View Our Latest Analysis on Herbalife

Herbalife Price Performance

Shares of NYSE:HLF opened at $14.31 on Friday. The company has a market capitalization of $1.42 billion, a P/E ratio of 6.30 and a beta of 1.18. Herbalife Ltd. has a 1 year low of $11.14 and a 1 year high of $22.73. The business’s 50 day simple moving average is $14.69 and its 200 day simple moving average is $14.31.

Herbalife (NYSE:HLF – Get Free Report) last issued its earnings results on Wednesday, August 2nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.26 billion. Herbalife had a negative return on equity of 21.62% and a net margin of 4.48%. On average, sell-side analysts anticipate that Herbalife Ltd. will post 2.3 EPS for the current fiscal year.

About Herbalife

(Free Report)

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.