Herbalife Ltd. (NYSE:HLF) Sees Significant Decrease in Short Interest

Herbalife Ltd. (NYSE:HLFGet Free Report) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 13,080,000 shares, a decrease of 5.1% from the February 29th total of 13,790,000 shares. Currently, 13.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,910,000 shares, the days-to-cover ratio is currently 6.8 days.

Analyst Upgrades and Downgrades

Several analysts have weighed in on HLF shares. Bank of America lowered their price objective on Herbalife from $10.00 to $8.00 and set an “underperform” rating for the company in a research report on Thursday, March 21st. DA Davidson decreased their target price on Herbalife from $11.00 to $9.50 and set a “neutral” rating for the company in a report on Monday, March 25th. Mizuho decreased their target price on Herbalife from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, March 21st. Finally, StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Herbalife has a consensus rating of “Hold” and a consensus target price of $10.50.

Check Out Our Latest Stock Report on Herbalife

Insiders Place Their Bets

In other news, CEO Michael Johnson bought 61,725 shares of the business’s stock in a transaction on Friday, February 16th. The stock was acquired at an average price of $8.07 per share, with a total value of $498,120.75. Following the completion of the purchase, the chief executive officer now directly owns 603,707 shares in the company, valued at $4,871,915.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Michael Johnson acquired 61,725 shares of the stock in a transaction on Friday, February 16th. The stock was purchased at an average price of $8.07 per share, for a total transaction of $498,120.75. Following the completion of the transaction, the chief executive officer now owns 603,707 shares of the company’s stock, valued at approximately $4,871,915.49. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Rodica Macadrai acquired 5,175 shares of the stock in a transaction on Monday, March 11th. The stock was bought at an average price of $9.31 per share, with a total value of $48,179.25. Following the transaction, the director now directly owns 12,716 shares of the company’s stock, valued at approximately $118,385.96. The disclosure for this purchase can be found here. Insiders bought a total of 85,757 shares of company stock valued at $723,278 over the last quarter. 0.94% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Herbalife

Several institutional investors and hedge funds have recently modified their holdings of HLF. Camber Capital Management LP increased its holdings in shares of Herbalife by 233.3% during the second quarter. Camber Capital Management LP now owns 2,750,000 shares of the company’s stock valued at $36,410,000 after acquiring an additional 1,925,000 shares in the last quarter. BlackRock Inc. increased its holdings in Herbalife by 26.6% in the 3rd quarter. BlackRock Inc. now owns 8,604,102 shares of the company’s stock worth $171,134,000 after buying an additional 1,807,216 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Herbalife by 299.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,612,512 shares of the company’s stock worth $25,961,000 after buying an additional 1,208,604 shares in the last quarter. Vanguard Group Inc. increased its holdings in Herbalife by 8.7% in the 3rd quarter. Vanguard Group Inc. now owns 13,065,944 shares of the company’s stock worth $259,881,000 after buying an additional 1,050,992 shares in the last quarter. Finally, Norges Bank bought a new stake in Herbalife in the 4th quarter worth about $12,070,000.

Herbalife Trading Down 8.5 %

HLF opened at $8.34 on Wednesday. The stock has a fifty day simple moving average of $9.88 and a two-hundred day simple moving average of $12.40. The company has a market cap of $832.25 million, a price-to-earnings ratio of 5.87 and a beta of 1.22. Herbalife has a 12-month low of $6.68 and a 12-month high of $19.48.

Herbalife (NYSE:HLFGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.10). Herbalife had a negative return on equity of 19.56% and a net margin of 2.81%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the company posted $0.53 EPS. Herbalife’s revenue for the quarter was up .0% compared to the same quarter last year. On average, analysts predict that Herbalife will post 1.8 EPS for the current year.

Herbalife Company Profile

(Get Free Report)

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.

Further Reading

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