Herbalife Ltd. (NYSE:HLF) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Herbalife Ltd. (NYSE:HLF) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,906 shares of the company’s stock after selling 3,869 shares during the quarter. Rhumbline Advisers owned about 0.15% of Herbalife worth $983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Perpetual Ltd grew its holdings in shares of Herbalife by 107.1% in the 4th quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock worth $6,463,000 after acquiring an additional 499,572 shares during the last quarter. Barclays PLC boosted its position in shares of Herbalife by 347.0% in the 3rd quarter. Barclays PLC now owns 161,426 shares of the company’s stock valued at $1,160,000 after purchasing an additional 125,311 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Herbalife by 72.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 168,209 shares of the company’s stock worth $1,209,000 after purchasing an additional 70,498 shares in the last quarter. SG Americas Securities LLC raised its holdings in Herbalife by 83.5% during the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock worth $126,000 after buying an additional 8,591 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in 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 buying an additional 160,792 shares in the last quarter.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “neutral” rating and set a $7.50 price target on shares of Herbalife in a report on Thursday, February 20th. One 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $9.90.

Insider Activity at Herbalife

In other news, Director Juan Miguel Mendoza purchased 5,000 shares of Herbalife stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $8.25 per share, with a total value of $41,250.00. Following the transaction, the director now directly owns 132,500 shares in the company, valued at $1,093,125. The trade was a 3.92 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.94% of the stock is owned by corporate insiders.

Herbalife Stock Performance

Shares of Herbalife stock opened at $8.80 on Friday. The firm has a market cap of $890.33 million, a P/E ratio of 3.53, a price-to-earnings-growth ratio of 0.29 and a beta of 1.15. The firm’s 50-day simple moving average is $6.61 and its 200-day simple moving average is $7.22. Herbalife Ltd. has a twelve month low of $5.04 and a twelve month high of $12.79.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.28. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. On average, equities analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal 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.