WINTON GROUP Ltd boosted its position in Herbalife Nutrition Ltd (NYSE:HLF) by 13.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,978 shares of the company’s stock after buying an additional 3,858 shares during the period. WINTON GROUP Ltd’s holdings in Herbalife Nutrition were worth $1,410,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in Herbalife Nutrition by 452.0% in the 1st quarter. Quadrant Capital Group LLC now owns 541 shares of the company’s stock valued at $28,000 after buying an additional 443 shares in the last quarter. SG Americas Securities LLC increased its holdings in Herbalife Nutrition by 100.6% during the 1st quarter. SG Americas Securities LLC now owns 2,580 shares of the company’s stock worth $137,000 after purchasing an additional 457,013 shares in the last quarter. World Asset Management Inc bought a new stake in Herbalife Nutrition during the 1st quarter worth approximately $204,000. First Republic Investment Management Inc. increased its holdings in Herbalife Nutrition by 8.3% during the 1st quarter. First Republic Investment Management Inc. now owns 4,851 shares of the company’s stock worth $257,000 after purchasing an additional 373 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in Herbalife Nutrition during the 4th quarter worth approximately $372,000. 95.43% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on HLF shares. ValuEngine raised United States Steel from a “strong sell” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on PACCAR to $70.00 and gave the stock a “market perform” rating in a report on Friday, May 17th. Citigroup set a $47.00 price objective on Quanta Services and gave the stock a “buy” rating in a report on Friday, May 3rd. Finally, Argus lowered Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $57.50.
Herbalife Nutrition (NYSE:HLF) last released its earnings results on Thursday, May 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.24 billion. Herbalife Nutrition had a net margin of 6.36% and a negative return on equity of 56.65%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. As a group, research analysts predict that Herbalife Nutrition Ltd will post 2.9 earnings per share for the current fiscal year.
In other news, SVP Edi Hienrich sold 738 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $47.62, for a total value of $35,143.56. Following the completion of the transaction, the senior vice president now directly owns 22,246 shares of the company’s stock, valued at $1,059,354.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.31% of the company’s stock.
About Herbalife Nutrition
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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