State of Wyoming Cuts Holdings in Herbalife Ltd $HLF

State of Wyoming lowered its holdings in Herbalife Ltd (NYSE:HLF) by 52.9% in the 3rd quarter, Holdings Channel reports. The firm owned 32,949 shares of the company’s stock after selling 36,971 shares during the period. State of Wyoming’s holdings in Herbalife were worth $278,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in Herbalife by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,642 shares of the company’s stock worth $316,000 after buying an additional 1,217 shares during the last quarter. Savant Capital LLC grew its stake in shares of Herbalife by 14.5% in the second quarter. Savant Capital LLC now owns 17,385 shares of the company’s stock worth $150,000 after acquiring an additional 2,204 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Herbalife by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,964 shares of the company’s stock valued at $517,000 after purchasing an additional 2,523 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Herbalife by 12.9% during the first quarter. Empowered Funds LLC now owns 30,301 shares of the company’s stock valued at $261,000 after purchasing an additional 3,474 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Herbalife during the second quarter valued at approximately $29,000.

Herbalife Stock Up 1.7%

Shares of HLF opened at $16.98 on Friday. The business has a 50-day simple moving average of $14.78 and a two-hundred day simple moving average of $11.22. Herbalife Ltd has a 52 week low of $5.04 and a 52 week high of $17.93. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 5.42 and a beta of 0.84.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Herbalife had a negative return on equity of 29.84% and a net margin of 6.47%.The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. On average, equities analysts anticipate that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Lynda Cloud purchased 17,000 shares of the stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of $8.97 per share, with a total value of $152,490.00. Following the completion of the acquisition, the director directly owned 38,857 shares of the company’s stock, valued at $348,547.29. This trade represents a 77.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders have purchased 18,200 shares of company stock worth $167,938. 1.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citigroup reaffirmed a “buy” rating and issued a $17.00 target price (up previously from $11.00) on shares of Herbalife in a research report on Friday, December 12th. Maxim Group initiated coverage on Herbalife in a report on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price objective for the company. Wall Street Zen upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Argus set a $15.00 target price on Herbalife in a research report on Wednesday, November 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Herbalife in a research report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Herbalife has an average rating of “Moderate Buy” and an average price target of $15.80.

Herbalife Company Profile

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.