UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Herbalife Ltd. (NYSE:HLF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Herbalife Ltd. (NYSE:HLF) by 72.1% during the third quarter, Holdings Channel reports. The institutional investor owned 168,209 shares of the company’s stock after acquiring an additional 70,498 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Herbalife were worth $1,209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Townsquare Capital LLC purchased a new stake in Herbalife in the 3rd quarter worth approximately $237,000. BNP Paribas Financial Markets boosted its position in shares of Herbalife by 52.2% in the third quarter. BNP Paribas Financial Markets now owns 67,913 shares of the company’s stock worth $488,000 after buying an additional 23,296 shares during the period. Pekin Hardy Strauss Inc. lifted its position in shares of Herbalife by 45.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 496,360 shares of the company’s stock worth $3,569,000 after purchasing an additional 155,157 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Herbalife by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company’s stock valued at $17,831,000 after acquiring an additional 160,792 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Herbalife by 13.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 486,409 shares of the company’s stock worth $3,497,000 after purchasing an additional 56,499 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms have weighed in on HLF. Citigroup lowered their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, October 25th. B. Riley lowered their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. DA Davidson reduced their price objective 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. Mizuho boosted their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.90.

Herbalife Trading Down 0.9 %

NYSE:HLF opened at $7.12 on Wednesday. The company has a 50-day moving average of $7.65 and a 200-day moving average of $8.86. Herbalife Ltd. has a twelve month low of $6.59 and a twelve month high of $15.66. The firm has a market cap of $717.14 million, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 0.27 and a beta of 1.17.

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