The Manufacturers Life Insurance Company Acquires 1,660 Shares of Herbalife Ltd. (NYSE:HLF)

The Manufacturers Life Insurance Company lifted its holdings in shares of Herbalife Ltd. (NYSE:HLF) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,311 shares of the company’s stock after acquiring an additional 1,660 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Herbalife worth $533,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in Herbalife by 5,249.2% in the 1st quarter. Russell Investments Group Ltd. now owns 138,599 shares of the company’s stock worth $1,390,000 after purchasing an additional 136,008 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Herbalife in the 1st quarter worth about $1,397,000. Price T Rowe Associates Inc. MD grew its position in Herbalife by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,287 shares of the company’s stock worth $827,000 after purchasing an additional 3,647 shares in the last quarter. Perpetual Ltd bought a new stake in Herbalife in the 1st quarter worth about $4,013,000. Finally, Baupost Group LLC MA grew its position in Herbalife by 128.3% in the 2nd quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after purchasing an additional 2,879,603 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday. B. Riley boosted their target price on shares of Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, DA Davidson boosted their target price on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Herbalife has an average rating of “Hold” and an average price target of $12.33.

Herbalife Price Performance

NYSE HLF opened at $6.85 on Wednesday. Herbalife Ltd. has a 1 year low of $6.59 and a 1 year high of $15.71. The stock has a market capitalization of $684.78 million, a PE ratio of 5.00, a P/E/G ratio of 0.27 and a beta of 1.19. The company’s 50 day simple moving average is $7.68 and its two-hundred day simple moving average is $9.42.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share (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 business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, research analysts anticipate that Herbalife Ltd. will post 1.34 EPS for the current year.

Insider Transactions at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza bought 10,000 shares of Herbalife stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average price of $8.72 per share, with a total value of $87,200.00. Following the acquisition, the director now owns 110,000 shares in the company, valued at approximately $959,200. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.94% of the company’s stock.

Herbalife 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.