Victory Capital Management Inc. Cuts Position in Herbalife Ltd. (NYSE:HLF)

Victory Capital Management Inc. trimmed its holdings in shares of Herbalife Ltd. (NYSE:HLF) by 42.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,486 shares of the company’s stock after selling 9,139 shares during the period. Victory Capital Management Inc.’s holdings in Herbalife were worth $130,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. GSA Capital Partners LLP increased its position in Herbalife by 523.6% during the 4th quarter. GSA Capital Partners LLP now owns 177,281 shares of the company’s stock valued at $2,705,000 after buying an additional 148,851 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Herbalife by 5,249.2% during the first quarter. Russell Investments Group Ltd. now owns 138,599 shares of the company’s stock valued at $1,390,000 after acquiring an additional 136,008 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Herbalife by 7.7% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 1,624,370 shares of the company’s stock worth $24,788,000 after purchasing an additional 116,030 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in Herbalife in the 1st quarter worth about $1,397,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Herbalife by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock worth $827,000 after purchasing an additional 3,647 shares in the last quarter.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 10,000 shares of the stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the purchase, the director now directly owns 120,000 shares of the company’s stock, valued at $853,200. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on HLF shares. B. Riley lifted their target price on shares of Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. DA Davidson raised their price target on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, Mizuho lifted their target price on Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a 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 issued a buy rating to the company. According to MarketBeat.com, Herbalife currently has an average rating of “Hold” and a consensus target price of $12.33.

Herbalife Stock Up 0.7 %

Shares of Herbalife stock opened at $7.60 on Wednesday. Herbalife Ltd. has a twelve month low of $6.68 and a twelve month high of $15.71. The company’s 50 day moving average is $9.00 and its 200 day moving average is $9.65. The company has a market cap of $759.76 million, a price-to-earnings ratio of 5.55 and a beta of 1.20.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.11. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The firm 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 firm earned $0.74 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. Sell-side analysts expect 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.