State Street Corp Reduces Holdings in Herbalife Ltd. (NYSE:HLF)

State Street Corp cut its holdings in Herbalife Ltd. (NYSE:HLF) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,522,097 shares of the company’s stock after selling 719,606 shares during the period. State Street Corp owned 2.50% of Herbalife worth $18,134,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Prentice Capital Management LP increased its holdings in shares of Herbalife by 27.0% in the third quarter. Prentice Capital Management LP now owns 233,851 shares of the company’s stock worth $1,681,000 after purchasing an additional 49,747 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Herbalife by 15.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company’s stock worth $11,066,000 after buying an additional 206,530 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Herbalife by 20.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company’s stock valued at $16,448,000 after purchasing an additional 384,100 shares in the last quarter. Centiva Capital LP purchased a new stake in Herbalife during the third quarter valued at about $410,000. Finally, Cinctive Capital Management LP grew its position in Herbalife by 3.6% during the 3rd quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock worth $662,000 after acquiring an additional 3,170 shares during the last quarter.

Herbalife Stock Down 2.3 %

Shares of Herbalife stock opened at $6.33 on Tuesday. Herbalife Ltd. has a 52 week low of $6.21 and a 52 week high of $15.50. The company has a market capitalization of $638.01 million, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.27 and a beta of 1.17. The stock’s fifty day moving average is $7.62 and its two-hundred day moving average is $8.72.

Herbalife (NYSE:HLF) last issued its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, research analysts anticipate that Herbalife Ltd. will post 1.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HLF. B. Riley lowered their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. StockNews.com raised shares of Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup dropped their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 25th. DA Davidson lowered their price objective on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, October 31st. Finally, Mizuho lifted their price target on shares of Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.90.

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.