Diversify Wealth Management LLC Increases Stock Position in Herbalife Ltd. (NYSE:HLF)

Diversify Wealth Management LLC grew its stake in shares of Herbalife Ltd. (NYSE:HLF) by 271.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 159,499 shares of the company’s stock after acquiring an additional 116,548 shares during the quarter. Diversify Wealth Management LLC owned about 0.16% of Herbalife worth $1,113,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HLF. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Herbalife by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,182 shares of the company’s stock valued at $575,000 after acquiring an additional 6,607 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Herbalife by 24.5% during the 1st quarter. BNP Paribas Financial Markets now owns 100,790 shares of the company’s stock valued at $1,013,000 after acquiring an additional 19,862 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Herbalife during the 1st quarter valued at about $1,397,000. Hollencrest Capital Management boosted its holdings in shares of Herbalife by 21.3% during the 1st quarter. Hollencrest Capital Management now owns 17,100 shares of the company’s stock valued at $172,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Herbalife by 2.8% during the 1st quarter. Sei Investments Co. now owns 278,932 shares of the company’s stock valued at $2,803,000 after acquiring an additional 7,635 shares during the last quarter.

Analysts Set New Price Targets

HLF has been the topic of a number of research reports. DA Davidson raised their price objective on shares of Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Citigroup dropped their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, October 25th. B. Riley raised their price objective on shares of Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, StockNews.com downgraded shares of Herbalife from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.50.

Herbalife Trading Down 1.8 %

NYSE HLF opened at $6.84 on Thursday. Herbalife Ltd. has a 12 month low of $6.59 and a 12 month high of $15.66. The stock has a market cap of $688.41 million, a price-to-earnings ratio of 8.34, a PEG ratio of 0.26 and a beta of 1.19. The company’s 50 day moving average is $7.38 and its two-hundred day moving average is $9.32.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned $0.74 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. Sell-side analysts forecast that Herbalife Ltd. will post 1.34 EPS for the current year.

Insiders Place Their Bets

In related news, Director Juan Miguel Mendoza acquired 10,000 shares of Herbalife stock in a transaction dated Monday, September 9th. The shares were purchased at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the transaction, the director now directly owns 120,000 shares in the company, valued at approximately $853,200. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is owned by company insiders.

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.