Bridgewater Associates LP Has $474,000 Stock Holdings in Herbalife Ltd. (NYSE:HLF)

Bridgewater Associates LP lowered its stake in shares of Herbalife Ltd. (NYSE:HLF) by 51.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 65,957 shares of the company’s stock after selling 70,944 shares during the quarter. Bridgewater Associates LP’s holdings in Herbalife were worth $474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Herbalife by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock valued at $827,000 after acquiring an additional 3,647 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Herbalife by 22.9% during the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after buying an additional 1,035 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Herbalife by 465.3% during the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock worth $37,000 after acquiring an additional 2,908 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Herbalife by 270.4% in the second quarter. Harbor Capital Advisors Inc. now owns 15,882 shares of the company’s stock worth $165,000 after purchasing an additional 11,594 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Herbalife during the second quarter worth $490,000.

Insider Buying and Selling at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza purchased 10,000 shares of Herbalife stock in a transaction dated Monday, September 9th. The stock was purchased at an average price of $7.11 per share, with a total value of $71,100.00. Following the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at $853,200. This trade represents a 9.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders purchased 15,000 shares of company stock worth $112,275. Insiders own 0.94% of the company’s stock.

Herbalife Stock Performance

Shares of NYSE HLF opened at $7.92 on Tuesday. The company has a market cap of $797.77 million, a PE ratio of 9.31, a P/E/G ratio of 0.27 and a beta of 1.17. The firm’s 50 day moving average price is $7.53 and its 200-day moving average price is $9.08. Herbalife Ltd. has a 52-week low of $6.59 and a 52-week high of $15.66.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. On average, analysts forecast that Herbalife Ltd. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

HLF has been the topic of a number of recent analyst reports. B. Riley dropped their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Mizuho raised their price target on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Citigroup decreased their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Finally, DA Davidson dropped their target price on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $9.90.

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.