Quarry LP Purchases Shares of 25,429 Herbalife Ltd. (NYSE:HLF)

Quarry LP purchased a new stake in shares of Herbalife Ltd. (NYSE:HLF) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 25,429 shares of the company’s stock, valued at approximately $170,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its position in shares of Herbalife by 641.5% in the fourth quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock worth $29,000 after buying an additional 3,714 shares during the period. R Squared Ltd purchased a new stake in shares of Herbalife in the fourth quarter worth about $63,000. Van ECK Associates Corp boosted its position in shares of Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock worth $70,000 after buying an additional 5,524 shares during the period. Headlands Technologies LLC boosted its position in shares of Herbalife by 12,307.6% in the fourth quarter. Headlands Technologies LLC now owns 11,415 shares of the company’s stock worth $76,000 after buying an additional 11,323 shares during the period. Finally, Range Financial Group LLC purchased a new stake in shares of Herbalife in the fourth quarter worth about $124,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded Herbalife from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. DA Davidson raised Herbalife from a “neutral” rating to a “buy” rating and upped their target price for the stock from $7.50 to $14.00 in a research report on Friday, March 21st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.00.

Herbalife Stock Performance

Shares of HLF opened at $6.90 on Tuesday. The company has a market capitalization of $699.25 million, a P/E ratio of 2.77, a P/E/G ratio of 0.29 and a beta of 1.02. Herbalife Ltd. has a one year low of $5.04 and a one year high of $12.79. The stock has a 50-day moving average price of $7.83 and a 200 day moving average price of $7.25.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.28. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. As a group, equities research analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 5,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $8.25 per share, with a total value of $41,250.00. Following the completion of the acquisition, the director now directly owns 132,500 shares in the company, valued at $1,093,125. This trade represents a 3.92 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.73% of the stock is currently owned by insiders.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.