Readystate Asset Management LP Boosts Stock Position in Herbalife Ltd. (NYSE:HLF)

Readystate Asset Management LP boosted its holdings in Herbalife Ltd. (NYSE:HLF) by 136.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,505 shares of the company’s stock after buying an additional 76,514 shares during the quarter. Readystate Asset Management LP’s holdings in Herbalife were worth $2,022,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HLF. Envestnet Asset Management Inc. increased its holdings in Herbalife by 6.5% in the first quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company’s stock valued at $374,000 after buying an additional 747 shares during the last quarter. Advisor Group Holdings Inc. increased its holdings 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 last quarter. Citigroup Inc. increased its holdings in Herbalife by 8.9% in the first quarter. Citigroup Inc. now owns 18,413 shares of the company’s stock valued at $559,000 after buying an additional 1,503 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Herbalife by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,011,947 shares of the company’s stock valued at $30,723,000 after buying an additional 17,482 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Herbalife in the first quarter valued at $379,000.

Insider Activity at Herbalife

In other news, EVP Henry C. Wang acquired 2,778 shares of Herbalife stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $9.30 per share, for a total transaction of $25,835.40. Following the completion of the transaction, the executive vice president now directly owns 176,194 shares in the company, valued at $1,638,604.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Henry C. Wang acquired 2,778 shares of Herbalife stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of $9.30 per share, for a total transaction of $25,835.40. Following the completion of the transaction, the executive vice president now directly owns 176,194 shares in the company, valued at $1,638,604.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Juan Miguel Mendoza bought 16,079 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was bought at an average cost of $9.40 per share, with a total value of $151,142.60. Following the completion of the acquisition, the director now owns 54,622 shares of the company’s stock, valued at approximately $513,446.80. The disclosure for this purchase can be found here. Insiders bought a total of 85,757 shares of company stock worth $723,278 over the last 90 days. Company insiders own 0.94% of the company’s stock.

Herbalife Trading Up 0.2 %

Shares of HLF traded up $0.02 during mid-day trading on Wednesday, hitting $8.23. 2,128,774 shares of the company’s stock were exchanged, compared to its average volume of 2,265,705. Herbalife Ltd. has a fifty-two week low of $6.68 and a fifty-two week high of $19.48. The firm has a market capitalization of $821.27 million, a P/E ratio of 5.80 and a beta of 1.22. The business’s 50 day moving average is $9.10 and its two-hundred day moving average is $11.97.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, February 14th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.10). Herbalife had a negative return on equity of 19.56% and a net margin of 2.81%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company posted $0.53 EPS. Herbalife’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts forecast that Herbalife Ltd. will post 1.8 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on HLF shares. Bank of America dropped their target price on Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a report on Thursday, March 21st. Mizuho decreased their price objective on shares of Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday, March 21st. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Finally, DA Davidson decreased their price objective on shares of Herbalife from $11.00 to $9.50 and set a “neutral” rating for the company in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.50.

Herbalife Company 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.