Lyon Street Capital LLC Lowers Stake in Herbalife Ltd. (HLF)
Lyon Street Capital LLC lowered its position in shares of Herbalife Ltd. (NYSE:HLF) by 15.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,532 shares of the company’s stock after selling 25,000 shares during the period. Herbalife accounts for approximately 3.5% of Lyon Street Capital LLC’s investment portfolio, making the stock its 4th biggest holding. Lyon Street Capital LLC owned approximately 0.15% of Herbalife worth $9,125,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. M&T Bank Corp increased its stake in shares of Herbalife by 0.3% during the second quarter. M&T Bank Corp now owns 5,371 shares of the company’s stock worth $384,000 after purchasing an additional 15 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Herbalife by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock worth $201,000 after purchasing an additional 189 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Herbalife by 11.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock worth $180,000 after purchasing an additional 268 shares during the period. Prudential Financial Inc. increased its stake in shares of Herbalife by 6.3% during the second quarter. Prudential Financial Inc. now owns 5,081 shares of the company’s stock worth $362,000 after purchasing an additional 300 shares during the period. Finally, Tudor Investment Corp ET AL increased its stake in shares of Herbalife by 2.4% during the second quarter. Tudor Investment Corp ET AL now owns 34,009 shares of the company’s stock worth $2,426,000 after purchasing an additional 781 shares during the period.
HLF has been the topic of a number of recent research reports. Pivotal Research reiterated a “buy” rating and set a $120.00 target price on shares of Herbalife in a research note on Tuesday, October 3rd. ValuEngine raised Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Tigress Financial reissued a “buy” rating on shares of Herbalife in a research report on Monday, August 21st. Zacks Investment Research downgraded Herbalife from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub raised Herbalife from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Herbalife has a consensus rating of “Hold” and an average price target of $83.25.
Herbalife (NYSE:HLF) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.82. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.09 billion. Herbalife had a return on equity of 176.64% and a net margin of 8.60%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. sell-side analysts predict that Herbalife Ltd. will post 4.55 EPS for the current fiscal year.
Herbalife 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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