Pekin Hardy Strauss Inc. Acquires 44,740 Shares of Herbalife Ltd. (NYSE:HLF)

Pekin Hardy Strauss Inc. lifted its holdings in Herbalife Ltd. (NYSE:HLF) by 15.1% in the second quarter, HoldingsChannel.com reports. The fund owned 341,203 shares of the company’s stock after buying an additional 44,740 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Herbalife were worth $3,545,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Herbalife by 465.3% in the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock worth $37,000 after acquiring an additional 2,908 shares during the period. nVerses Capital LLC lifted its position in shares of Herbalife by 240.0% in the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after buying an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Herbalife by 22.9% in the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock worth $56,000 after buying an additional 1,035 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Herbalife by 10.3% in the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after buying an additional 808 shares in the last quarter. Finally, Foundry Partners LLC purchased a new stake in shares of Herbalife in the first quarter worth about $105,000.

Insider Transactions at Herbalife

In other news, Director Juan Miguel Mendoza purchased 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the acquisition, the director now owns 120,000 shares of the company’s stock, valued at $853,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Herbalife Stock Down 4.8 %

HLF opened at $7.07 on Tuesday. The business has a fifty day moving average of $9.40 and a 200 day moving average of $9.71. Herbalife Ltd. has a 52-week low of $6.68 and a 52-week high of $15.71. The stock has a market cap of $706.27 million, a P/E ratio of 5.16 and a beta of 1.20.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts anticipate that Herbalife Ltd. will post 1.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on HLF. DA Davidson boosted their target price on Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. B. Riley upped their price objective on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Mizuho upped their price objective on Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. Finally, StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.33.

About Herbalife

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.