Clinton Group Inc. Acquires Shares of 8,465 Herbalife LTD. (HLF)
Clinton Group Inc. acquired a new position in shares of Herbalife LTD. (NYSE:HLF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,465 shares of the company’s stock, valued at approximately $604,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp lifted its holdings in shares of Herbalife LTD. by 0.3% during the 2nd quarter. M&T Bank Corp now owns 5,371 shares of the company’s stock valued at $384,000 after buying an additional 15 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Herbalife LTD. by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock valued at $180,000 after buying an additional 268 shares during the last quarter. Prudential Financial Inc. lifted its holdings in shares of Herbalife LTD. by 6.3% during the 2nd quarter. Prudential Financial Inc. now owns 5,081 shares of the company’s stock valued at $362,000 after buying an additional 300 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Herbalife LTD. by 2.4% during the 2nd quarter. Tudor Investment Corp ET AL now owns 34,009 shares of the company’s stock valued at $2,426,000 after buying an additional 781 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Herbalife LTD. by 6.6% during the 1st quarter. Sei Investments Co. now owns 12,845 shares of the company’s stock valued at $747,000 after buying an additional 797 shares during the last quarter.
Herbalife LTD. (NYSE HLF) opened at 75.25 on Friday. The firm has a 50-day moving average price of $68.39 and a 200 day moving average price of $67.28. Herbalife LTD. has a 12 month low of $47.62 and a 12 month high of $75.75. The company has a market capitalization of $6.79 billion, a P/E ratio of 15.82 and a beta of 1.23.
Herbalife LTD. (NYSE:HLF) last released its quarterly earnings data 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 firm had revenue of $1.15 billion for 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%. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 earnings per share. Analysts expect that Herbalife LTD. will post $4.71 EPS for the current year.
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Several brokerages have recently issued reports on HLF. SunTrust Banks, Inc. set a $67.00 price target on Herbalife LTD. and gave the company a “hold” rating in a report on Wednesday, August 2nd. Citigroup Inc. reissued a “hold” rating and issued a $73.00 price objective (up from $71.00) on shares of Herbalife LTD. in a research note on Tuesday, October 3rd. Pivotal Research reissued a “buy” rating and issued a $120.00 price objective on shares of Herbalife LTD. in a research note on Thursday, July 20th. BidaskClub downgraded Herbalife LTD. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research raised Herbalife LTD. from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $83.25.
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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