DekaBank Deutsche Girozentrale Increases Position in Herbalife Nutrition Ltd. (NYSE:HLF)



DekaBank Deutsche Girozentrale lifted its stake in shares of Herbalife Nutrition Ltd. (NYSE:HLFGet Rating) by 19.1% during the first quarter, Holdings Channel reports. The fund owned 24,900 shares of the company’s stock after acquiring an additional 4,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Herbalife Nutrition were worth $756,000 as of its most recent SEC filing.

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A number of other large investors have also modified their holdings of HLF. National Bank of Canada FI purchased a new stake in shares of Herbalife Nutrition during the fourth quarter worth $3,755,000. Oak Thistle LLC purchased a new stake in shares of Herbalife Nutrition during the fourth quarter worth $303,000. NN Investment Partners Holdings N.V. purchased a new stake in shares of Herbalife Nutrition during the fourth quarter worth $370,000. LSV Asset Management purchased a new stake in shares of Herbalife Nutrition during the fourth quarter worth $426,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Herbalife Nutrition during the fourth quarter worth $1,346,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. StockNews.com raised Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Monday, June 13th. Jefferies Financial Group upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Tuesday, July 12th. B. Riley lowered their target price on shares of Herbalife Nutrition from $50.00 to $41.00 in a research note on Wednesday, May 4th. Citigroup lowered their target price on shares of Herbalife Nutrition from $46.00 to $36.00 in a research note on Wednesday, May 4th. Finally, Argus downgraded shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Tuesday, May 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.80.

Insider Buying and Selling at Herbalife Nutrition

In related news, President John Desimone acquired 43,478 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was bought at an average price of $21.54 per share, for a total transaction of $936,516.12. Following the completion of the purchase, the president now directly owns 123,452 shares of the company’s stock, valued at approximately $2,659,156.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO John O. Agwunobi purchased 4,222 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $23.55 per share, with a total value of $99,428.10. Following the completion of the acquisition, the chief executive officer now directly owns 134,745 shares of the company’s stock, valued at approximately $3,173,244.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President John Desimone purchased 43,478 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were purchased at an average cost of $21.54 per share, with a total value of $936,516.12. Following the completion of the acquisition, the president now directly owns 123,452 shares of the company’s stock, valued at $2,659,156.08. The disclosure for this purchase can be found here. Insiders purchased 63,080 shares of company stock worth $1,372,132 over the last 90 days. Corporate insiders own 0.66% of the company’s stock.

Herbalife Nutrition Price Performance

NYSE HLF opened at $23.51 on Friday. Herbalife Nutrition Ltd. has a 1 year low of $19.30 and a 1 year high of $54.45. The company has a market capitalization of $2.55 billion, a PE ratio of 6.30 and a beta of 1.06. The company has a fifty day moving average of $22.24 and a two-hundred day moving average of $30.75.

Herbalife Nutrition (NYSE:HLFGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.12. Herbalife Nutrition had a net margin of 7.06% and a negative return on equity of 33.49%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Herbalife Nutrition’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, research analysts expect that Herbalife Nutrition Ltd. will post 3.29 earnings per share for the current year.

Herbalife Nutrition Profile

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Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

See Also

Want to see what other hedge funds are holding HLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Herbalife Nutrition Ltd. (NYSE:HLFGet Rating).

Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)



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