Seven Eight Capital LP Invests $1.06 Million in Herbalife Ltd. (NYSE:HLF)

Seven Eight Capital LP bought a new stake in Herbalife Ltd. (NYSE:HLF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 101,543 shares of the company’s stock, valued at approximately $1,055,000.

Other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new stake in shares of Herbalife during the 4th quarter worth $258,000. Dimensional Fund Advisors LP lifted its holdings in Herbalife by 10.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,523,350 shares of the company’s stock worth $23,247,000 after buying an additional 142,829 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Herbalife by 28.9% during the 4th quarter. Principal Financial Group Inc. now owns 68,723 shares of the company’s stock worth $1,049,000 after acquiring an additional 15,427 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of Herbalife by 59.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 148,735 shares of the company’s stock valued at $2,270,000 after acquiring an additional 55,649 shares during the last quarter. Finally, Armistice Capital LLC acquired a new stake in shares of Herbalife during the 4th quarter worth about $5,799,000.

Insider Activity

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was purchased at an average cost of $8.72 per share, with a total value of $87,200.00. Following the completion of 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 is accessible through this link. Corporate insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. DA Davidson increased their price target on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Mizuho lifted their price target on shares of Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. B. Riley upped their price objective 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, StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.33.

Herbalife Stock Performance

Shares of Herbalife stock opened at $7.23 on Friday. The company has a market capitalization of $722.27 million, a P/E ratio of 5.27 and a beta of 1.20. Herbalife Ltd. has a 1 year low of $6.68 and a 1 year high of $15.71. The company’s fifty day moving average is $9.15 and its two-hundred day moving average is $9.65.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.33 billion. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. As a group, equities analysts expect that Herbalife Ltd. will post 1.34 earnings per share 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.