Shell Asset Management Co. Sells 1,557 Shares of Herbalife Nutrition Ltd. (NYSE:HLF)

Shell Asset Management Co. decreased its position in shares of Herbalife Nutrition Ltd. (NYSE:HLFGet Rating) by 12.9% during the 1st quarter, Holdings Channel reports. The fund owned 10,511 shares of the company’s stock after selling 1,557 shares during the quarter. Shell Asset Management Co.’s holdings in Herbalife Nutrition were worth $319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of HLF. Gables Capital Management Inc. bought a new position in Herbalife Nutrition in the fourth quarter valued at approximately $33,000. Johnson Financial Group Inc. bought a new position in Herbalife Nutrition in the fourth quarter valued at approximately $109,000. Islay Capital Management LLC lifted its stake in Herbalife Nutrition by 18.3% in the fourth quarter. Islay Capital Management LLC now owns 2,712 shares of the company’s stock valued at $111,000 after buying an additional 419 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in Herbalife Nutrition in the first quarter valued at approximately $122,000. Finally, Gladius Capital Management LP lifted its stake in Herbalife Nutrition by 13.7% in the first quarter. Gladius Capital Management LP now owns 4,998 shares of the company’s stock valued at $152,000 after buying an additional 601 shares in the last quarter.

Herbalife Nutrition Trading Down 0.2 %

Shares of HLF opened at $27.78 on Friday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 8.42 and a beta of 1.12. Herbalife Nutrition Ltd. has a 1-year low of $19.30 and a 1-year high of $54.45. The company’s fifty day simple moving average is $22.93 and its 200 day simple moving average is $29.44.

Herbalife Nutrition (NYSE:HLFGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.38 billion. Herbalife Nutrition had a net margin of 6.21% and a negative return on equity of 27.55%. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.42 earnings per share. As a group, research analysts forecast that Herbalife Nutrition Ltd. will post 3.35 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Alan W. Lefevre bought 5,000 shares of the stock in a transaction that occurred on Tuesday, May 24th. The shares were acquired at an average cost of $20.60 per share, for a total transaction of $103,000.00. Following the completion of the acquisition, the director now owns 29,984 shares in the company, valued at $617,670.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Alan W. Lefevre acquired 5,000 shares of Herbalife Nutrition stock in a transaction on Tuesday, May 24th. The stock was purchased at an average cost of $20.60 per share, with a total value of $103,000.00. Following the completion of the transaction, the director now directly owns 29,984 shares in the company, valued at approximately $617,670.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, President John Desimone acquired 43,478 shares of Herbalife Nutrition stock in a transaction on Wednesday, May 11th. The shares were bought at an average cost of $21.54 per share, with a total value of $936,516.12. Following the completion of the transaction, the president now owns 123,452 shares of the company’s stock, valued at $2,659,156.08. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 63,080 shares of company stock worth $1,372,132. Insiders own 0.66% of the company’s stock.

Analyst Ratings Changes

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

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.

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

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