Herbalife Ltd $HLF Shares Bought by MFA Wealth Advisors LLC

MFA Wealth Advisors LLC grew its holdings in shares of Herbalife Ltd (NYSE:HLF) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,064 shares of the company’s stock after buying an additional 4,395 shares during the period. MFA Wealth Advisors LLC owned 0.06% of Herbalife worth $561,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Herbalife by 10.9% in the 1st quarter. Vanguard Group Inc. now owns 12,495,374 shares of the company’s stock valued at $107,835,000 after acquiring an additional 1,223,957 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Herbalife by 6,837.9% during the first quarter. Cubist Systematic Strategies LLC now owns 889,400 shares of the company’s stock valued at $7,676,000 after purchasing an additional 902,600 shares during the period. Tenzing Global Management LLC bought a new stake in shares of Herbalife during the first quarter valued at about $6,904,000. Charles Schwab Investment Management Inc. raised its stake in shares of Herbalife by 13.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,057,219 shares of the company’s stock valued at $26,384,000 after purchasing an additional 360,659 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Herbalife in the first quarter worth about $2,526,000.

Wall Street Analyst Weigh In

Several research firms have commented on HLF. Wall Street Zen raised shares of Herbalife from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Mizuho raised their price objective on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Herbalife Trading Down 0.3%

Shares of NYSE HLF opened at $9.10 on Tuesday. Herbalife Ltd has a one year low of $5.04 and a one year high of $10.83. The business has a 50-day moving average price of $9.44 and a two-hundred day moving average price of $8.40. The firm has a market capitalization of $938.30 million, a PE ratio of 2.87, a PEG ratio of 0.28 and a beta of 0.89.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 earnings per share. Research analysts anticipate that Herbalife Ltd will post 1.57 EPS for the current year.

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.