Herbalife Ltd. (NYSE:HLF) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its position in shares of Herbalife Ltd. (NYSE:HLF) by 98.9% in the second quarter, HoldingsChannel.com reports. The fund owned 20,173 shares of the company’s stock after purchasing an additional 10,033 shares during the period. Algert Global LLC’s holdings in Herbalife were worth $210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Herbalife by 10.3% in the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after acquiring an additional 808 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Herbalife by 22.9% in the 1st 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 last quarter. Massachusetts Financial Services Co. MA increased its position in Herbalife by 3.5% in 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 period. ProShare Advisors LLC increased its position in shares of Herbalife by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 17,767 shares of the company’s stock valued at $179,000 after purchasing an additional 1,400 shares during the period. Finally, SummerHaven Investment Management LLC boosted its stake in shares of Herbalife by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 58,409 shares of the company’s stock worth $607,000 after acquiring an additional 1,465 shares in the last quarter.

Herbalife Trading Up 0.6 %

HLF opened at $7.19 on Friday. Herbalife Ltd. has a 12 month low of $6.59 and a 12 month high of $15.71. The company has a market cap of $718.27 million, a PE ratio of 5.24 and a beta of 1.19. The company has a 50 day moving average of $7.86 and a 200 day moving average of $9.48.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share for the quarter, beating 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 net margin of 1.63% and a negative return on equity of 18.69%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 EPS. Research analysts forecast that Herbalife Ltd. will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. DA Davidson increased their price objective on Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, B. Riley raised their price objective on Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.33.

Insiders Place Their Bets

In related news, Director Juan Miguel Mendoza bought 10,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was purchased at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the acquisition, the director now owns 120,000 shares in the company, valued at $853,200. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.94% of the company’s stock.

Herbalife Company 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.