Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Herbalife Nutrition Ltd (NYSE:HLF) by 15.0% in the first quarter, Holdings Channel reports. The institutional investor owned 8,528 shares of the company’s stock after purchasing an additional 1,114 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Herbalife Nutrition were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in Herbalife Nutrition during the fourth quarter valued at $30,000. Quadrant Capital Group LLC increased its holdings in shares of Herbalife Nutrition by 452.0% in the first quarter. Quadrant Capital Group LLC now owns 541 shares of the company’s stock worth $28,000 after buying an additional 443 shares during the period. Hanseatic Management Services Inc. increased its holdings in shares of Herbalife Nutrition by 38.5% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,764 shares of the company’s stock worth $104,000 after buying an additional 490 shares during the period. Enlightenment Research LLC purchased a new position in shares of Herbalife Nutrition in the fourth quarter worth about $124,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Herbalife Nutrition in the fourth quarter worth about $134,000. 94.29% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Edi Hienrich sold 738 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $47.62, for a total transaction of $35,143.56. Following the transaction, the senior vice president now owns 22,246 shares in the company, valued at approximately $1,059,354.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.31% of the stock is owned by insiders.
Herbalife Nutrition (NYSE:HLF) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Herbalife Nutrition had a net margin of 6.36% and a negative return on equity of 56.65%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. Equities research analysts anticipate that Herbalife Nutrition Ltd will post 2.99 earnings per share for the current fiscal year.
Several research analysts have recently commented on HLF shares. Jefferies Financial Group reiterated a “buy” rating and issued a $65.00 price objective on shares of Herbalife Nutrition in a report on Tuesday, February 26th. ValuEngine downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Monday, April 1st. BMO Capital Markets reiterated a “neutral” rating on shares of Herbalife Nutrition in a report on Thursday, February 28th. Argus downgraded Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Citigroup set a $66.00 price objective on Herbalife Nutrition and gave the stock a “buy” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $67.20.
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Herbalife Nutrition Profile
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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