Robeco Institutional Asset Management B.V. lessened its holdings in Herbalife Nutrition Ltd (NYSE:HLF) by 31.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,271 shares of the company’s stock after selling 122,294 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.18% of Herbalife Nutrition worth $11,512,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Quantamental Technologies LLC acquired a new stake in shares of Herbalife Nutrition in the first quarter worth about $1,011,000. PGGM Investments bought a new position in shares of Herbalife Nutrition in the first quarter worth about $6,100,000. Redwood Investment Management LLC increased its stake in shares of Herbalife Nutrition by 473.4% in the first quarter. Redwood Investment Management LLC now owns 70,339 shares of the company’s stock worth $3,727,000 after purchasing an additional 58,071 shares during the period. Janus Henderson Group PLC increased its stake in shares of Herbalife Nutrition by 4.5% in the first quarter. Janus Henderson Group PLC now owns 390,626 shares of the company’s stock worth $20,699,000 after purchasing an additional 16,826 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of Herbalife Nutrition in the first quarter worth about $4,560,000. 95.55% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. Citigroup lowered their price target on Herbalife Nutrition from $66.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday. BMO Capital Markets restated a “hold” rating and set a $9.00 price target on shares of Herbalife Nutrition in a research note on Friday, May 17th. Pivotal Research restated a “buy” rating and set a $65.00 price target (down from $75.00) on shares of Herbalife Nutrition in a research note on Friday. Argus lowered Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, ValuEngine upgraded Herbalife Nutrition from a “sell” rating to a “hold” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $55.17.
Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.05). Herbalife Nutrition had a net margin of 6.05% and a negative return on equity of 55.20%. The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, equities research analysts anticipate that Herbalife Nutrition Ltd will post 2.6 earnings per share for the current 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 sale, the senior vice president now directly owns 22,246 shares in the company, valued at approximately $1,059,354.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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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