26,827 Shares in Herbalife Ltd. (NYSE:HLF) Purchased by Empowered Funds LLC

Empowered Funds LLC bought a new position in shares of Herbalife Ltd. (NYSE:HLF) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 26,827 shares of the company’s stock, valued at approximately $179,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Herbalife in the 4th quarter worth approximately $63,000. Range Financial Group LLC acquired a new stake in Herbalife in the 4th quarter worth approximately $124,000. SG Americas Securities LLC boosted its stake in Herbalife by 83.5% in the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock worth $126,000 after purchasing an additional 8,591 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in Herbalife in the 3rd quarter worth approximately $154,000. Finally, DGS Capital Management LLC boosted its stake in Herbalife by 63.7% in the 3rd quarter. DGS Capital Management LLC now owns 24,454 shares of the company’s stock worth $176,000 after purchasing an additional 9,513 shares in the last quarter.

Herbalife Stock Performance

Shares of HLF stock opened at $8.27 on Friday. The firm’s 50 day moving average price is $6.29 and its 200-day moving average price is $7.21. Herbalife Ltd. has a one year low of $5.04 and a one year high of $12.79. The firm has a market cap of $836.72 million, a P/E ratio of 3.32, a P/E/G ratio of 0.29 and a beta of 1.15.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.28. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, research analysts predict that Herbalife Ltd. will post 1.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLF. DA Davidson reiterated a “neutral” rating and issued a $7.50 target price on shares of Herbalife in a research note on Thursday. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. B. Riley reduced their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Mizuho raised their price target on shares of Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. 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 company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.90.

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.