Huber Capital Management LLC Increases Stock Holdings in Herbalife Ltd. (NYSE:HLF)

Huber Capital Management LLC lifted its position in shares of Herbalife Ltd. (NYSE:HLF) by 72.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 157,400 shares of the company’s stock after acquiring an additional 66,200 shares during the period. Huber Capital Management LLC’s holdings in Herbalife were worth $1,635,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Herbalife by 465.3% in the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after purchasing an additional 2,908 shares in the last quarter. nVerses Capital LLC raised its stake in Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after purchasing an additional 3,600 shares during the period. Public Employees Retirement System of Ohio raised its stake in Herbalife by 22.9% during the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock worth $56,000 after purchasing an additional 1,035 shares during the period. Van ECK Associates Corp grew its stake in shares of Herbalife by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after buying an additional 808 shares during the period. Finally, Foundry Partners LLC acquired a new stake in Herbalife during the first quarter worth about $105,000.

Insiders Place Their Bets

In other news, Director Juan Miguel Mendoza acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average price of $8.72 per share, with a total value of $87,200.00. Following the acquisition, the director now directly owns 110,000 shares in the company, valued at $959,200. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on HLF shares. DA Davidson boosted their target price on Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Friday, September 13th. B. Riley upped their target price on shares of Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Mizuho lifted their target price on Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, June 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.33.

Herbalife Stock Performance

NYSE:HLF opened at $7.23 on Friday. The stock has a 50-day simple moving average of $9.15 and a 200 day simple moving average of $9.65. Herbalife Ltd. has a one year low of $6.68 and a one year high of $15.71. The company has a market capitalization of $722.27 million, a price-to-earnings ratio of 5.27 and a beta of 1.20.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company earned $0.74 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Herbalife Ltd. will post 1.34 EPS for the current fiscal 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.