Wasatch Advisors Inc. Trims Stake in Herbalife Ltd. (HLF)

Wasatch Advisors Inc. lowered its holdings in shares of Herbalife Ltd. (NYSE:HLF) by 68.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,800 shares of the company’s stock after selling 22,984 shares during the quarter. Wasatch Advisors Inc.’s holdings in Herbalife were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HLF. Phocas Financial Corp. purchased a new stake in shares of Herbalife during the 2nd quarter valued at about $124,000. Opera Trading Capital purchased a new stake in shares of Herbalife during the 3rd quarter valued at about $185,000. The Manufacturers Life Insurance Company increased its position in shares of Herbalife by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock valued at $201,000 after purchasing an additional 189 shares during the last quarter. FDx Advisors Inc. purchased a new stake in shares of Herbalife during the 3rd quarter valued at about $227,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Herbalife during the 3rd quarter valued at about $237,000.

In other Herbalife news, insider Shin-Shing Bosco Chiu sold 2,380 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $69.98, for a total value of $166,552.40. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $349,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas Harms sold 8,532 shares of the company’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $68.49, for a total value of $584,356.68. Following the completion of the transaction, the senior vice president now owns 1,000 shares of the company’s stock, valued at $68,490. The disclosure for this sale can be found here. Insiders sold a total of 19,444 shares of company stock valued at $1,335,266 over the last three months. 4.95% of the stock is currently owned by insiders.

Shares of Herbalife Ltd. (HLF) opened at $72.97 on Friday. The stock has a market cap of $6,362.77, a P/E ratio of 15.97 and a beta of 1.25. Herbalife Ltd. has a fifty-two week low of $50.70 and a fifty-two week high of $79.64. The company has a quick ratio of 2.24, a current ratio of 2.65 and a debt-to-equity ratio of 9.94.

Herbalife (NYSE:HLF) last released its earnings results on Thursday, November 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.09 billion. Herbalife had a net margin of 8.60% and a return on equity of 176.64%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.21 EPS. analysts predict that Herbalife Ltd. will post 4.55 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Herbalife from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 3rd. ValuEngine raised shares of Herbalife from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 22nd. Pivotal Research reissued a “buy” rating and issued a $120.00 target price on shares of Herbalife in a report on Tuesday, October 3rd. Citigroup reissued a “hold” rating and issued a $73.00 target price (up from $71.00) on shares of Herbalife in a report on Tuesday, October 3rd. Finally, SunTrust Banks reissued a “hold” rating and issued a $67.00 target price on shares of Herbalife in a report on Friday, November 10th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Herbalife presently has an average rating of “Hold” and an average target price of $83.25.

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About Herbalife

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

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Institutional Ownership by Quarter for Herbalife (NYSE:HLF)

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