101,543 Shares in Herbalife Ltd. (NYSE:HLF) Purchased by Seven Eight Capital LP

Seven Eight Capital LP bought a new stake in shares of Herbalife Ltd. (NYSE:HLF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 101,543 shares of the company’s stock, valued at approximately $1,055,000. Seven Eight Capital LP owned about 0.10% of Herbalife at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP raised its stake in Herbalife by 523.6% in the 4th quarter. GSA Capital Partners LLP now owns 177,281 shares of the company’s stock valued at $2,705,000 after purchasing an additional 148,851 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Herbalife by 5,249.2% in the first quarter. Russell Investments Group Ltd. now owns 138,599 shares of the company’s stock worth $1,390,000 after buying an additional 136,008 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Herbalife by 7.7% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 1,624,370 shares of the company’s stock worth $24,788,000 after buying an additional 116,030 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in Herbalife during the 1st quarter valued at about $1,397,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Herbalife by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock valued at $827,000 after acquiring an additional 3,647 shares in the last quarter.

Analyst Ratings Changes

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

Herbalife Stock Up 2.8 %

HLF stock 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 price-to-earnings 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 issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $0.74 EPS. The company’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Herbalife Ltd. will post 1.34 EPS for the current year.

Insider Activity

In related news, Director Juan Miguel Mendoza bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the acquisition, the director now owns 120,000 shares of the company’s stock, valued at $853,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.94% of the company’s stock.

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.