Quantedge Capital Pte Ltd Grows Stock Position in Herbalife Ltd. (NYSE:HLF)

Quantedge Capital Pte Ltd increased its position in shares of Herbalife Ltd. (NYSE:HLF) by 1,318.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 360,200 shares of the company’s stock after buying an additional 334,800 shares during the quarter. Quantedge Capital Pte Ltd owned about 0.36% of Herbalife worth $2,410,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Herbalife by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company’s stock valued at $75,406,000 after acquiring an additional 785,574 shares during the period. Renaissance Technologies LLC increased its holdings in Herbalife by 9.9% in the fourth quarter. Renaissance Technologies LLC now owns 7,088,868 shares of the company’s stock valued at $47,425,000 after buying an additional 638,567 shares during the last quarter. Long Focus Capital Management LLC grew its position in shares of Herbalife by 27.3% in the 4th quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company’s stock valued at $31,832,000 after buying an additional 1,020,127 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Herbalife by 777.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company’s stock valued at $19,986,000 after buying an additional 2,646,848 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Herbalife by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company’s stock valued at $18,040,000 after buying an additional 216,603 shares during the last quarter.

Insiders Place Their Bets

In other Herbalife news, Director Juan Miguel Mendoza bought 5,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $6.73 per share, with a total value of $33,650.00. Following the purchase, the director now owns 140,000 shares in the company, valued at approximately $942,200. The trade was a 3.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 12,500 shares of company stock valued at $94,900 over the last quarter. Company insiders own 1.73% of the company’s stock.

Herbalife Trading Down 1.0%

Shares of HLF opened at $6.74 on Thursday. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79. The stock’s 50 day moving average is $7.53 and its two-hundred day moving average is $7.25. The firm has a market capitalization of $686.45 million, a PE ratio of 2.71, a P/E/G ratio of 0.29 and a beta of 0.88.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.40 by $0.19. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Herbalife Ltd. will post 1.57 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on HLF shares. Citigroup lowered their target price on Herbalife from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. StockNews.com downgraded Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 29th. Finally, DA Davidson upgraded Herbalife from a “neutral” rating to a “buy” rating and lifted their target price for the company from $7.50 to $14.00 in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Herbalife has a consensus rating of “Moderate Buy” and an average price target of $11.50.

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.