Cadence Capital Management LLC Invests $1.37 Million in Herbalife LTD. (HLF)
Cadence Capital Management LLC purchased a new position in Herbalife LTD. (NYSE:HLF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,202 shares of the company’s stock, valued at approximately $1,370,000.
A number of other institutional investors also recently added to or reduced their stakes in HLF. FMR LLC boosted its position in Herbalife LTD. by 18.6% in the first quarter. FMR LLC now owns 7,358,472 shares of the company’s stock worth $427,821,000 after buying an additional 1,151,421 shares in the last quarter. BlackRock Inc. boosted its position in Herbalife LTD. by 19,647.9% in the first quarter. BlackRock Inc. now owns 3,149,983 shares of the company’s stock worth $183,139,000 after buying an additional 3,134,032 shares in the last quarter. Geode Capital Management LLC boosted its position in Herbalife LTD. by 12.3% in the first quarter. Geode Capital Management LLC now owns 532,678 shares of the company’s stock worth $30,969,000 after buying an additional 58,373 shares in the last quarter. Stonehill Capital Management LLC bought a new position in Herbalife LTD. during the first quarter worth approximately $27,373,000. Finally, Dimensional Fund Advisors LP boosted its position in Herbalife LTD. by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 411,921 shares of the company’s stock worth $23,950,000 after buying an additional 2,499 shares in the last quarter.
Shares of Herbalife LTD. (HLF) opened at 68.97 on Friday. Herbalife LTD. has a one year low of $47.62 and a one year high of $74.49. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 14.50 and a beta of 1.20. The stock has a 50 day moving average of $68.27 and a 200-day moving average of $64.81. Herbalife LTD. also saw some unusual options trading on Wednesday. Stock investors purchased 13,240 call options on the stock. This represents an increase of 615% compared to the typical volume of 1,853 call options.
Herbalife LTD. (NYSE:HLF) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.41. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS. On average, equities analysts expect that Herbalife LTD. will post $4.71 earnings per share for the current year.
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A number of equities analysts have commented on HLF shares. Zacks Investment Research raised shares of Herbalife LTD. from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research note on Thursday, August 3rd. Pivotal Research boosted their price target on shares of Herbalife LTD. from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 5th. Tigress Financial reissued a “buy” rating on shares of Herbalife LTD. in a research note on Monday. Citigroup Inc. boosted their price target on shares of Herbalife LTD. from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 31st. Finally, SunTrust Banks, Inc. set a $67.00 price target on shares of Herbalife LTD. and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Herbalife LTD. currently has an average rating of “Buy” and a consensus price target of $83.00.
Herbalife LTD. Company Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.
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