Herbalife (NYSE:HLF) Shares Up 4.3%

Herbalife Ltd. (NYSE:HLF) shot up 4.3% during mid-day trading on Tuesday . The company traded as high as $10.82 and last traded at $10.78. 815,136 shares were traded during mid-day trading, a decline of 63% from the average session volume of 2,206,678 shares. The stock had previously closed at $10.34.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Herbalife from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Mizuho boosted their price objective on shares of Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Friday, June 7th. DA Davidson restated a “neutral” rating and issued a $9.50 price objective on shares of Herbalife in a research note on Thursday, May 2nd. Finally, Bank of America reduced their price objective on shares of Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, Herbalife has an average rating of “Hold” and a consensus price target of $10.70.

Herbalife Stock Up 5.3 %

The stock has a 50 day moving average price of $10.55 and a 200 day moving average price of $10.78. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 7.56 and a beta of 1.25.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.12. Herbalife had a negative return on equity of 19.97% and a net margin of 2.70%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Herbalife’s revenue was up 3.8% compared to the same quarter last year. Sell-side analysts forecast that Herbalife Ltd. will post 1.48 earnings per share for the current fiscal year.

Insider Activity

In other Herbalife news, Director Juan Miguel Mendoza acquired 3,000 shares of the company’s stock in a transaction on Monday, May 6th. The stock was acquired at an average price of $9.67 per share, for a total transaction of $29,010.00. Following the acquisition, the director now owns 73,279 shares in the company, valued at approximately $708,607.93. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Donal L. Mulligan acquired 30,000 shares of the stock in a transaction on Friday, May 3rd. The stock was acquired at an average price of $9.65 per share, for a total transaction of $289,500.00. Following the completion of the purchase, the director now owns 60,000 shares of the company’s stock, valued at $579,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Juan Miguel Mendoza acquired 3,000 shares of the stock in a transaction on Monday, May 6th. The shares were bought at an average price of $9.67 per share, with a total value of $29,010.00. Following the purchase, the director now directly owns 73,279 shares of the company’s stock, valued at approximately $708,607.93. The disclosure for this purchase can be found here. In the last three months, insiders have bought 42,500 shares of company stock worth $418,485. 0.94% of the stock is currently owned by insiders.

Institutional Trading of Herbalife

Several large investors have recently modified their holdings of HLF. Exchange Traded Concepts LLC lifted its position in Herbalife by 3.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 26,496 shares of the company’s stock valued at $404,000 after purchasing an additional 929 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Herbalife by 22.9% during the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after purchasing an additional 1,035 shares in the last quarter. ProShare Advisors LLC lifted its position in Herbalife by 8.6% during the first quarter. ProShare Advisors LLC now owns 17,767 shares of the company’s stock valued at $179,000 after purchasing an additional 1,400 shares in the last quarter. GAMMA Investing LLC lifted its position in Herbalife by 465.3% during the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after purchasing an additional 2,908 shares in the last quarter. Finally, Hollencrest Capital Management lifted its position in Herbalife by 21.3% during the first quarter. Hollencrest Capital Management now owns 17,100 shares of the company’s stock valued at $172,000 after purchasing an additional 3,000 shares in the last quarter.

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.