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

Diversify Wealth Management LLC lifted its holdings in Herbalife Ltd. (NYSE:HLF) by 20.4% in the fourth quarter, Holdings Channel reports. The fund owned 192,071 shares of the company’s stock after purchasing an additional 32,572 shares during the quarter. Diversify Wealth Management LLC’s holdings in Herbalife were worth $1,266,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HLF. Massachusetts Financial Services Co. MA lifted its stake in shares of Herbalife by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 41,678 shares of the company’s stock valued at $433,000 after purchasing an additional 1,399 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Herbalife in the second quarter worth $447,000. Canada Pension Plan Investment Board boosted its stake in Herbalife by 8.7% during the second quarter. Canada Pension Plan Investment Board now owns 81,200 shares of the company’s stock worth $844,000 after buying an additional 6,500 shares during the period. Bank of Montreal Can increased its position in Herbalife by 15.3% during the second quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock valued at $41,354,000 after acquiring an additional 500,876 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Herbalife by 2,053.6% in the second quarter. Marshall Wace LLP now owns 1,977,155 shares of the company’s stock valued at $20,543,000 after acquiring an additional 1,885,346 shares during the period.

Analyst Ratings Changes

HLF has been the subject of a number of recent analyst reports. B. Riley dropped their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. DA Davidson reduced their price target on Herbalife from $13.00 to $7.50 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Mizuho boosted their price objective on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Finally, Citigroup reduced their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.90.

Herbalife Trading Up 1.0 %

Shares of HLF stock opened at $6.57 on Tuesday. Herbalife Ltd. has a twelve month low of $6.05 and a twelve month high of $12.95. The stock has a fifty day simple moving average of $7.28 and a two-hundred day simple moving average of $8.08. The stock has a market capitalization of $661.69 million, a price-to-earnings ratio of 7.72, a P/E/G ratio of 0.22 and a beta of 1.18.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Research analysts predict that Herbalife Ltd. will post 1.51 EPS for the current fiscal year.

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.