Rhumbline Advisers Grows Stock Position in Herbalife Ltd. (NYSE:HLF)

Rhumbline Advisers lifted its stake in Herbalife Ltd. (NYSE:HLF) by 1.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,057 shares of the company’s stock after buying an additional 1,953 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Herbalife worth $1,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in Herbalife by 465.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock worth $37,000 after purchasing an additional 2,908 shares in the last quarter. nVerses Capital LLC boosted its holdings in Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after buying an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in 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 period. Van ECK Associates Corp increased its holdings in 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 buying an additional 808 shares in the last quarter. Finally, Foundry Partners LLC acquired a new position in shares of Herbalife in the first quarter worth about $105,000.

Herbalife Stock Up 2.8 %

Shares of NYSE:HLF opened at $7.23 on Friday. Herbalife Ltd. has a 52-week low of $6.68 and a 52-week high of $15.71. The stock has a market cap of $722.27 million, a P/E ratio of 5.27 and a beta of 1.20. The business has a fifty day moving average of $9.15 and a two-hundred day moving average of $9.65.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The firm had revenue of $1.28 billion during 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%. Herbalife’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, equities analysts anticipate that Herbalife Ltd. will post 1.34 earnings per share for the current year.

Insider Activity at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza purchased 10,000 shares of the stock in a transaction dated Monday, September 9th. The stock was acquired at an average cost 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 approximately $853,200. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.94% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HLF shares. DA Davidson raised 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. B. Riley raised their price objective on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Mizuho upped their target price on Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. Finally, StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.