The Manufacturers Life Insurance Company Grows Position in Herbalife Ltd. (HLF)
The Manufacturers Life Insurance Company increased its holdings in Herbalife Ltd. (NYSE:HLF) by 7.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,821 shares of the company’s stock after acquiring an additional 189 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Herbalife were worth $201,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in HLF. FMR LLC lifted its stake in Herbalife by 9.1% in the second quarter. FMR LLC now owns 8,025,946 shares of the company’s stock worth $572,490,000 after acquiring an additional 667,474 shares during the period. First Trust Advisors LP lifted its stake in Herbalife by 468.2% in the second quarter. First Trust Advisors LP now owns 172,027 shares of the company’s stock worth $12,271,000 after acquiring an additional 141,752 shares during the period. UBS Oconnor LLC lifted its stake in Herbalife by 15.0% in the second quarter. UBS Oconnor LLC now owns 1,062,200 shares of the company’s stock worth $75,767,000 after acquiring an additional 138,428 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in Herbalife in the second quarter worth about $6,032,000. Finally, Quantitative Investment Management LLC lifted its stake in Herbalife by 120.2% in the second quarter. Quantitative Investment Management LLC now owns 134,300 shares of the company’s stock worth $9,579,000 after acquiring an additional 73,300 shares during the period.
A number of research firms recently weighed in on HLF. Citigroup reaffirmed a “hold” rating and issued a $73.00 price objective (up from $71.00) on shares of Herbalife in a research note on Tuesday, October 3rd. ValuEngine lowered shares of Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research lowered shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. SunTrust Banks reaffirmed a “hold” rating and issued a $67.00 price objective on shares of Herbalife in a research note on Friday, November 10th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Herbalife in a research note on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $83.25.
Herbalife (NYSE:HLF) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Herbalife had a net margin of 8.60% and a return on equity of 176.64%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 earnings per share. sell-side analysts expect that Herbalife Ltd. will post 4.55 EPS for the current 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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