US Bancorp DE Acquires Shares of 48,072 Herbalife Ltd. (NYSE:HLF)

US Bancorp DE acquired a new stake in shares of Herbalife Ltd. (NYSE:HLF) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 48,072 shares of the company’s stock, valued at approximately $322,000.

Several other hedge funds have also recently modified their holdings of the business. Johnson Financial Group LLC purchased a new position in shares of Herbalife in the fourth quarter worth $221,000. Los Angeles Capital Management LLC purchased a new position in shares of Herbalife in the fourth quarter worth $208,000. Bank of New York Mellon Corp raised its stake in shares of Herbalife by 37.4% in the fourth quarter. Bank of New York Mellon Corp now owns 539,132 shares of the company’s stock worth $3,607,000 after purchasing an additional 146,750 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock worth $70,000 after purchasing an additional 5,524 shares during the last quarter. Finally, MFA Wealth Advisors LLC raised its stake in shares of Herbalife by 17.9% in the fourth quarter. MFA Wealth Advisors LLC now owns 41,315 shares of the company’s stock worth $276,000 after purchasing an additional 6,287 shares during the last quarter.

Herbalife Stock Performance

NYSE:HLF opened at $8.09 on Friday. The stock has a 50-day simple moving average of $6.79 and a two-hundred day simple moving average of $7.23. Herbalife Ltd. has a 52-week low of $5.04 and a 52-week high of $12.79. The firm has a market capitalization of $818.18 million, a PE ratio of 3.25, a P/E/G ratio of 0.29 and a beta of 1.02.

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

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “neutral” rating and issued a $7.50 price target on shares of Herbalife in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.90.

Insider Transactions at Herbalife

In other news, Director Juan Miguel Mendoza bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the transaction, the director now owns 132,500 shares of the company’s stock, valued at approximately $1,093,125. This represents a 3.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.94% of the company’s stock.

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.