Arena Capital Advisors LLC CA Has $526,000 Stock Holdings in Herbalife Ltd (NYSE:HLF)

Arena Capital Advisors LLC CA grew its stake in shares of Herbalife Ltd (NYSE:HLF) by 78.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 60,910 shares of the company’s stock after purchasing an additional 26,700 shares during the period. Herbalife comprises approximately 0.8% of Arena Capital Advisors LLC CA’s portfolio, making the stock its 3rd biggest position. Arena Capital Advisors LLC CA owned about 0.06% of Herbalife worth $526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Avaii Wealth Management LLC increased its holdings in Herbalife by 3.8% during the 1st quarter. Avaii Wealth Management LLC now owns 60,836 shares of the company’s stock worth $525,000 after purchasing an additional 2,202 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Herbalife by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 57,441 shares of the company’s stock worth $384,000 after purchasing an additional 2,516 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in Herbalife by 3.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 80,402 shares of the company’s stock worth $694,000 after purchasing an additional 2,633 shares in the last quarter. Swiss National Bank increased its holdings in Herbalife by 1.6% during the 4th quarter. Swiss National Bank now owns 198,172 shares of the company’s stock worth $1,326,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Herbalife by 641.5% during the 4th quarter. Quadrant Capital Group LLC now owns 4,293 shares of the company’s stock worth $29,000 after purchasing an additional 3,714 shares in the last quarter.

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average price of $6.75 per share, for a total transaction of $33,750.00. Following the completion of the purchase, the director owned 166,857 shares in the company, valued at approximately $1,126,284.75. This trade represents a 3.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 13,143 shares of company stock valued at $90,973 in the last quarter. 1.73% of the stock is currently owned by corporate insiders.

Herbalife Stock Down 2.0%

HLF stock opened at $10.16 on Monday. The firm has a market cap of $1.03 billion, a PE ratio of 3.71, a P/E/G ratio of 0.30 and a beta of 0.89. The business has a 50 day moving average of $8.00 and a 200-day moving average of $7.40. Herbalife Ltd has a 12-month low of $5.04 and a 12-month high of $12.79.

Herbalife (NYSE:HLF) last released its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.19. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a negative return on equity of 23.75% and a net margin of 5.66%. Herbalife’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, research analysts expect that Herbalife Ltd will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on HLF shares. Wall Street Zen raised Herbalife from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Citigroup reduced their target price on Herbalife from $13.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Finally, DA Davidson raised Herbalife from a “neutral” rating to a “buy” rating and upped their target price for the company from $7.50 to $14.00 in a report on Friday, March 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Herbalife currently has an average rating of “Moderate Buy” and a consensus price target of $11.50.

Herbalife 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.