DekaBank Deutsche Girozentrale bought a new position in Herbalife Nutrition Ltd (NYSE:HLF) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,068 shares of the company’s stock, valued at approximately $972,000.

Several other hedge funds and other institutional investors also recently modified their holdings of HLF. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Herbalife Nutrition by 15.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,932 shares of the company’s stock worth $433,000 after purchasing an additional 1,042 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of Herbalife Nutrition by 315.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,129 shares of the company’s stock worth $116,000 after purchasing an additional 1,617 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Herbalife Nutrition by 115.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock worth $176,000 after acquiring an additional 1,744 shares during the last quarter. Comerica Bank increased its holdings in shares of Herbalife Nutrition by 86.6% during the 2nd quarter. Comerica Bank now owns 5,159 shares of the company’s stock worth $278,000 after acquiring an additional 2,395 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Herbalife Nutrition by 1.2% in the 3rd quarter. Swiss National Bank now owns 201,572 shares of the company’s stock valued at $10,996,000 after buying an additional 2,400 shares in the last quarter. 90.30% of the stock is owned by institutional investors.

In related news, COO David Pezzullo sold 33,070 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $55.64, for a total transaction of $1,840,014.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.19% of the stock is owned by insiders.

Several brokerages recently weighed in on HLF. Jefferies Financial Group set a $65.00 price objective on Herbalife Nutrition and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research raised Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Monday, October 15th. BMO Capital Markets reissued a “hold” rating on shares of Herbalife Nutrition in a research note on Friday, November 9th. ValuEngine upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Herbalife Nutrition in a research report on Friday, November 9th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $59.42.

Shares of HLF stock opened at $56.54 on Friday. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.13 and a beta of 0.72. Herbalife Nutrition Ltd has a 52-week low of $33.22 and a 52-week high of $60.41.

Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Herbalife Nutrition had a net margin of 3.84% and a negative return on equity of 82.17%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, equities analysts expect that Herbalife Nutrition Ltd will post 2.85 earnings per share for the current fiscal year.

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Herbalife Nutrition Company Profile

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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