Lucus Advisors LLC increased its stake in shares of Herbalife Ltd. (NYSE:HLF) by 8.3% during the third quarter, Holdings Channel reports. The firm owned 6,370 shares of the company’s stock after buying an additional 489 shares during the period. Lucus Advisors LLC’s holdings in Herbalife were worth $395,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. First Midwest Bank Trust Division acquired a new position in shares of Herbalife during the second quarter worth about $209,000. Bbva Compass Bancshares Inc. acquired a new position in shares of Herbalife during the second quarter worth about $211,000. World Asset Management Inc acquired a new position in shares of Herbalife during the third quarter worth about $213,000. Sei Investments Co. boosted its position in shares of Herbalife by 10.1% in the second quarter. Sei Investments Co. now owns 3,673 shares of the company’s stock worth $215,000 after buying an additional 337 shares during the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new position in shares of Herbalife during the second quarter worth about $222,000.
Herbalife Ltd. (NYSE:HLF) traded up 0.63% during midday trading on Friday, reaching $51.19. 293,117 shares of the company’s stock traded hands. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 17.97 and a beta of 1.87. Herbalife Ltd. has a 1-year low of $42.26 and a 1-year high of $72.22. The stock’s 50 day moving average price is $57.95 and its 200 day moving average price is $60.98.
Herbalife (NYSE:HLF) last released its quarterly earnings data on Tuesday, November 1st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.12. The business earned $1.12 billion during the quarter, compared to analysts’ expectations of $18.70 million. Herbalife had a net margin of 5.40% and a return on equity of 1,018.52%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. Equities research analysts anticipate that Herbalife Ltd. will post $4.85 EPS for the current year.
A number of equities analysts have issued reports on HLF shares. SunTrust Banks Inc. reaffirmed a “neutral” rating and issued a $66.00 price objective on shares of Herbalife in a research note on Friday, August 5th. TheStreet cut shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Pivotal Research reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Herbalife in a research note on Wednesday, October 26th. Finally, Zacks Investment Research cut shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Herbalife presently has a consensus rating of “Hold” and a consensus price target of $66.33.
In related news, major shareholder Carl C. Icahn acquired 1,832,402 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was acquired at an average cost of $54.70 per share, for a total transaction of $100,232,389.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Carl C. Icahn acquired 1,056,069 shares of the stock in a transaction that occurred on Tuesday, November 8th. The shares were bought at an average price of $55.05 per share, with a total value of $58,136,598.45. The disclosure for this purchase can be found here. Corporate insiders own 4.91% of the company’s stock.
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.