Huber Capital Management LLC Boosts Stock Position in Herbalife Ltd. (NYSE:HLF)

Huber Capital Management LLC lifted its holdings in shares of Herbalife Ltd. (NYSE:HLF) by 72.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,400 shares of the company’s stock after purchasing an additional 66,200 shares during the quarter. Huber Capital Management LLC owned about 0.16% of Herbalife worth $1,635,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baupost Group LLC MA lifted its stake in Herbalife by 128.3% in the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after acquiring an additional 2,879,603 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Herbalife by 3,832.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,157,309 shares of the company’s stock worth $11,631,000 after purchasing an additional 1,127,880 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Herbalife by 164.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,288,198 shares of the company’s stock valued at $19,658,000 after purchasing an additional 801,644 shares in the last quarter. Renaissance Technologies LLC increased its stake in Herbalife by 11.6% in the second 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 during the last quarter. Finally, LSV Asset Management raised its holdings in Herbalife by 47.0% during the second quarter. LSV Asset Management now owns 1,556,902 shares of the company’s stock worth $16,176,000 after purchasing an additional 497,919 shares in the last quarter.

Insider Transactions at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the purchase, the director now directly owns 120,000 shares in the company, valued at $853,200. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.94% of the company’s stock.

Herbalife Price Performance

NYSE:HLF opened at $7.23 on Friday. The firm has a market cap of $722.27 million, a price-to-earnings ratio of 5.27 and a beta of 1.20. The firm’s fifty day moving average price is $9.15 and its 200 day moving average price is $9.65. Herbalife Ltd. has a 1-year low of $6.68 and a 1-year high of $15.71.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, topping the consensus estimate 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 business earned $0.74 EPS. The business’s revenue was down 2.5% on a year-over-year basis. As a group, analysts expect that Herbalife Ltd. will post 1.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Mizuho upped their price objective on shares of Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, June 7th. DA Davidson upped their target price on Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, B. Riley boosted their price objective on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Herbalife has a consensus rating of “Hold” and an average target price of $12.33.

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.