Avaii Wealth Management LLC Raises Holdings in Herbalife Ltd. (NYSE:HLF)

Avaii Wealth Management LLC grew its position in shares of Herbalife Ltd. (NYSE:HLF) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,836 shares of the company’s stock after purchasing an additional 2,202 shares during the period. Avaii Wealth Management LLC’s holdings in Herbalife were worth $525,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HLF. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Herbalife by 777.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company’s stock valued at $19,986,000 after acquiring an additional 2,646,848 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Herbalife by 67.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company’s stock valued at $17,195,000 after acquiring an additional 1,031,078 shares during the last quarter. Long Focus Capital Management LLC lifted its holdings in shares of Herbalife by 27.3% in the 4th quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company’s stock valued at $31,832,000 after acquiring an additional 1,020,127 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Herbalife by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company’s stock valued at $75,406,000 after acquiring an additional 785,574 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Herbalife by 83.8% in the 4th quarter. Marshall Wace LLP now owns 1,444,343 shares of the company’s stock valued at $9,663,000 after acquiring an additional 658,536 shares during the last quarter.

Herbalife Price Performance

Shares of NYSE HLF opened at $7.83 on Friday. The company has a market cap of $796.95 million, a P/E ratio of 3.14, a PEG ratio of 0.29 and a beta of 0.86. Herbalife Ltd. has a 1 year low of $5.04 and a 1 year high of $12.79. The firm has a 50-day simple moving average of $7.11 and a two-hundred day simple moving average of $7.17.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.19. Herbalife had a net margin of 5.09% and a negative return on equity of 20.78%. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts expect that Herbalife Ltd. will post 1.57 EPS for the current year.

Insider Activity

In related news, Director Juan Miguel Mendoza purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was purchased at an average price of $6.75 per share, with a total value of $33,750.00. Following the completion of the purchase, the director now owns 166,857 shares of the company’s stock, valued at approximately $1,126,284.75. The trade was a 3.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders purchased 13,143 shares of company stock valued at $90,973. Corporate insiders own 1.73% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. DA Davidson raised shares of Herbalife from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $7.50 to $14.00 in a research note on Friday, March 21st. Wall Street Zen raised shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Finally, Citigroup decreased their price objective on shares of Herbalife from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.50.

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.