Invenomic Capital Management LP Buys 1,794 Shares of Herbalife Nutrition Ltd. (NYSE:HLF)

Invenomic Capital Management LP grew its stake in shares of Herbalife Nutrition Ltd. (NYSE:HLFGet Rating) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,886 shares of the company’s stock after buying an additional 1,794 shares during the quarter. Invenomic Capital Management LP owned approximately 0.08% of Herbalife Nutrition worth $3,638,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Gables Capital Management Inc. bought a new stake in shares of Herbalife Nutrition during the fourth quarter worth $33,000. Islay Capital Management LLC lifted its holdings in shares of Herbalife Nutrition by 18.3% during the fourth quarter. Islay Capital Management LLC now owns 2,712 shares of the company’s stock worth $111,000 after purchasing an additional 419 shares during the period. Gladius Capital Management LP acquired a new position in shares of Herbalife Nutrition during the fourth quarter worth $180,000. Wedge Capital Management L L P NC acquired a new position in shares of Herbalife Nutrition during the fourth quarter worth $201,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Herbalife Nutrition during the third quarter worth $210,000.

A number of brokerages have recently commented on HLF. Zacks Investment Research lowered shares of Herbalife Nutrition from a “hold” rating to a “strong sell” rating in a report on Friday, May 6th. Jefferies Financial Group lowered shares of Herbalife Nutrition from a “buy” rating to a “hold” rating and cut their price target for the stock from $60.00 to $26.00 in a report on Wednesday, May 4th. B. Riley cut their price target on shares of Herbalife Nutrition from $50.00 to $41.00 in a report on Wednesday, May 4th. StockNews.com lowered shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup dropped their target price on shares of Herbalife Nutrition from $46.00 to $36.00 in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Herbalife Nutrition currently has a consensus rating of “Hold” and a consensus price target of $39.50.

Shares of NYSE HLF traded up $0.33 during trading on Friday, hitting $21.89. 1,411,977 shares of the company traded hands, compared to its average volume of 1,825,788. The business’s fifty day moving average is $28.32 and its 200 day moving average is $36.25. Herbalife Nutrition Ltd. has a fifty-two week low of $21.06 and a fifty-two week high of $55.78. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 5.87 and a beta of 1.07.

Herbalife Nutrition (NYSE:HLFGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.12. Herbalife Nutrition had a net margin of 7.06% and a negative return on equity of 33.49%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. Analysts expect that Herbalife Nutrition Ltd. will post 3.5 EPS for the current fiscal year.

In other news, President John Desimone acquired 43,478 shares of Herbalife Nutrition stock in a transaction on Wednesday, May 11th. The stock was acquired at an average cost of $21.54 per share, with a total value of $936,516.12. Following the transaction, the president now owns 123,452 shares of the company’s stock, valued at approximately $2,659,156.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alan L. Hoffman acquired 4,540 shares of Herbalife Nutrition stock in a transaction on Tuesday, May 17th. The stock was purchased at an average cost of $21.97 per share, with a total value of $99,743.80. Following the completion of the transaction, the executive vice president now directly owns 57,218 shares in the company, valued at approximately $1,257,079.46. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 58,080 shares of company stock valued at $1,269,132. 0.66% of the stock is currently owned by insiders.

Herbalife Nutrition Company Profile (Get Rating)

Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

See Also

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

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