Cadence Capital Management LLC Has $839,000 Stock Holdings in Herbalife Nutrition Ltd (NYSE:HLF)

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Cadence Capital Management LLC lessened its stake in Herbalife Nutrition Ltd (NYSE:HLF) by 1.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,156 shares of the company’s stock after selling 440 shares during the quarter. Cadence Capital Management LLC’s holdings in Herbalife Nutrition were worth $839,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in HLF. SG Americas Securities LLC grew its position in Herbalife Nutrition by 16.7% in the second quarter. SG Americas Securities LLC now owns 3,010 shares of the company’s stock worth $129,000 after acquiring an additional 430 shares in the last quarter. Doyle Wealth Management bought a new stake in Herbalife Nutrition in the second quarter worth approximately $37,000. KBC Group NV grew its position in Herbalife Nutrition by 2.6% in the second quarter. KBC Group NV now owns 77,957 shares of the company’s stock worth $3,334,000 after acquiring an additional 1,961 shares in the last quarter. Phocas Financial Corp. bought a new stake in Herbalife Nutrition in the second quarter worth approximately $13,286,000. Finally, WINTON GROUP Ltd grew its position in Herbalife Nutrition by 13.2% in the second quarter. WINTON GROUP Ltd now owns 32,978 shares of the company’s stock worth $1,410,000 after acquiring an additional 3,858 shares in the last quarter. Hedge funds and other institutional investors own 92.93% of the company’s stock.

NYSE HLF opened at $44.67 on Friday. The company has a fifty day simple moving average of $39.64 and a 200 day simple moving average of $41.86. The company has a market cap of $6.08 billion, a P/E ratio of 15.51 and a beta of 0.48. Herbalife Nutrition Ltd has a 1 year low of $33.62 and a 1 year high of $61.77.

Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.09. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.21 billion. Herbalife Nutrition had a net margin of 6.26% and a negative return on equity of 61.31%. Herbalife Nutrition’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.74 EPS. As a group, sell-side analysts anticipate that Herbalife Nutrition Ltd will post 2.61 earnings per share for the current fiscal year.

Several analysts have commented on HLF shares. Zacks Investment Research raised shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Pi Financial raised shares of Herbalife Nutrition from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $8.75 to $12.75 in a research report on Thursday, August 8th. ValuEngine raised shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Wednesday. Pivotal Research reissued a “buy” rating and issued a $65.00 target price (down from $75.00) on shares of Herbalife Nutrition in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $10.00 target price on shares of Herbalife Nutrition in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $49.25.

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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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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