Mercer Global Advisors Inc. ADV Takes $447,000 Position in Herbalife Ltd. (NYSE:HLF)

Mercer Global Advisors Inc. ADV acquired a new stake in Herbalife Ltd. (NYSE:HLF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 43,062 shares of the company’s stock, valued at approximately $447,000.

Several other institutional investors also recently bought and sold shares of the company. Pekin Hardy Strauss Inc. boosted its position in shares of Herbalife by 15.1% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 341,203 shares of the company’s stock worth $3,545,000 after buying an additional 44,740 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Herbalife by 11.6% in the 2nd quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock valued at $69,129,000 after purchasing an additional 692,800 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Herbalife by 3.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 41,678 shares of the company’s stock valued at $433,000 after acquiring an additional 1,399 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Herbalife during the 2nd quarter valued at about $3,419,000. Finally, LSV Asset Management increased its stake in shares of Herbalife by 47.0% during the 2nd quarter. LSV Asset Management now owns 1,556,902 shares of the company’s stock valued at $16,176,000 after acquiring an additional 497,919 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Mizuho increased their price objective on shares of Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. B. Riley raised their target price on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, DA Davidson lifted 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Herbalife presently has a consensus rating of “Hold” and a consensus price target of $12.33.

Insider Transactions at Herbalife

In related news, Director Juan Miguel Mendoza bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $8.72 per share, for a total transaction of $87,200.00. Following the transaction, the director now directly owns 110,000 shares of the company’s stock, valued at $959,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Herbalife Stock Down 0.1 %

Shares of HLF stock opened at $7.41 on Friday. The firm has a fifty day moving average of $8.75 and a 200-day moving average of $9.60. Herbalife Ltd. has a 12-month low of $6.68 and a 12-month high of $15.71. The company has a market capitalization of $740.76 million, a price-to-earnings ratio of 5.41 and a beta of 1.20.

Herbalife (NYSE:HLF) last posted its 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. 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 during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $0.74 EPS. Herbalife’s quarterly revenue was down 2.5% compared to the same quarter last year. On average, equities analysts expect that Herbalife Ltd. will post 1.34 EPS for the current year.

Herbalife Profile

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.