People s United Financial Inc. Maintains Stake in Herbalife LTD. (HLF)
People s United Financial Inc. maintained its position in Herbalife LTD. (NYSE:HLF) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,869 shares of the company’s stock at the end of the second quarter. People s United Financial Inc.’s holdings in Herbalife LTD. were worth $2,915,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc grew its stake in Herbalife LTD. by 4.2% in the first quarter. Legal & General Group Plc now owns 364,589 shares of the company’s stock valued at $21,198,000 after purchasing an additional 14,755 shares in the last quarter. Pacad Investment Ltd. bought a new position in Herbalife LTD. in the second quarter valued at approximately $1,283,000. CIBC World Markets Inc. bought a new position in Herbalife LTD. in the second quarter valued at approximately $4,924,000. William Blair Investment Management LLC grew its stake in Herbalife LTD. by 10.8% in the second quarter. William Blair Investment Management LLC now owns 214,322 shares of the company’s stock valued at $15,288,000 after purchasing an additional 20,903 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd bought a new position in Herbalife LTD. in the first quarter valued at approximately $2,004,000.
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Shares of Herbalife LTD. (HLF) traded down 0.04% on Friday, hitting $67.83. The stock had a trading volume of 537,677 shares. The company has a 50-day moving average of $67.19 and a 200 day moving average of $66.15. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 14.26 and a beta of 1.22. Herbalife LTD. has a 52 week low of $47.62 and a 52 week high of $74.49.
Herbalife LTD. (NYSE:HLF) last released its earnings results on Tuesday, August 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Herbalife LTD. had a return on equity of 216.82% and a net margin of 9.28%. Herbalife LTD.’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.29 earnings per share. On average, equities research analysts predict that Herbalife LTD. will post $4.71 EPS for the current year.
A number of research analysts have weighed in on the company. ValuEngine upgraded Herbalife LTD. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Pivotal Research restated a “buy” rating and issued a $120.00 price target on shares of Herbalife LTD. in a research note on Thursday, August 31st. Tigress Financial restated a “buy” rating on shares of Herbalife LTD. in a research note on Monday, August 21st. BidaskClub upgraded Herbalife LTD. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research upgraded 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Herbalife LTD. presently has an average rating of “Buy” and an average price target of $83.00.
Herbalife LTD. 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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