Allspring Global Investments Holdings LLC Buys 64,001 Shares of Herbalife Nutrition Ltd. (NYSE:HLF)

Allspring Global Investments Holdings LLC lifted its stake in shares of Herbalife Nutrition Ltd. (NYSE:HLFGet Rating) by 3,708.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 65,727 shares of the company’s stock after acquiring an additional 64,001 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Herbalife Nutrition were worth $1,307,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Herbalife Nutrition by 951.7% during the second quarter. JPMorgan Chase & Co. now owns 1,455,744 shares of the company’s stock worth $29,770,000 after acquiring an additional 1,317,332 shares in the last quarter. First Pacific Advisors LP raised its holdings in shares of Herbalife Nutrition by 74.1% during the second quarter. First Pacific Advisors LP now owns 1,868,906 shares of the company’s stock valued at $38,219,000 after purchasing an additional 795,307 shares during the last quarter. Steel Peak Wealth Management LLC purchased a new position in shares of Herbalife Nutrition during the third quarter valued at approximately $9,945,000. Northern Trust Corp raised its holdings in shares of Herbalife Nutrition by 97.0% during the second quarter. Northern Trust Corp now owns 922,730 shares of the company’s stock valued at $18,871,000 after purchasing an additional 454,437 shares during the last quarter. Finally, Iridian Asset Management LLC CT raised its holdings in shares of Herbalife Nutrition by 44.4% during the second quarter. Iridian Asset Management LLC CT now owns 1,101,901 shares of the company’s stock valued at $22,534,000 after purchasing an additional 338,849 shares during the last quarter. Hedge funds and other institutional investors own 98.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup decreased their price objective on shares of Herbalife Nutrition from $30.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, November 1st. B. Riley reduced their target price on shares of Herbalife Nutrition from $38.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, November 1st. Finally, StockNews.com started coverage on shares of Herbalife Nutrition in a report on Wednesday, October 12th. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.25.

Herbalife Nutrition Stock Up 3.0 %

HLF stock opened at $17.37 on Friday. Herbalife Nutrition Ltd. has a 52 week low of $12.04 and a 52 week high of $45.62. The company has a fifty day simple moving average of $15.54 and a two-hundred day simple moving average of $20.57. The firm has a market capitalization of $1.70 billion, a P/E ratio of 5.71 and a beta of 1.13.

Herbalife Nutrition (NYSE:HLFGet Rating) last announced its earnings results on Monday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.17. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. Herbalife Nutrition had a net margin of 5.71% and a negative return on equity of 24.55%. The business’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 earnings per share. As a group, analysts anticipate that Herbalife Nutrition Ltd. will post 2.94 EPS for the current year.

Insider Buying and Selling

In other Herbalife Nutrition news, EVP Henry C. Wang bought 2,500 shares of the business’s stock in a transaction on Friday, December 9th. The shares were acquired at an average price of $12.74 per share, with a total value of $31,850.00. Following the transaction, the executive vice president now owns 41,080 shares of the company’s stock, valued at approximately $523,359.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Michael Johnson purchased 19,675 shares of the stock in a transaction dated Friday, December 9th. The shares were acquired at an average cost of $12.69 per share, for a total transaction of $249,675.75. Following the acquisition, the chief executive officer now owns 275,062 shares of the company’s stock, valued at $3,490,536.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Henry C. Wang purchased 2,500 shares of the stock in a transaction dated Friday, December 9th. The stock was purchased at an average price of $12.74 per share, for a total transaction of $31,850.00. Following the completion of the acquisition, the executive vice president now directly owns 41,080 shares in the company, valued at approximately $523,359.20. The disclosure for this purchase can be found here. Insiders have purchased 26,175 shares of company stock valued at $332,526 in the last 90 days. Company insiders own 0.66% of the company’s stock.

Herbalife Nutrition Company Profile

(Get Rating)

Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America, Mexico, South and Central America, Europe, Middle East, and Africa, Asia pacific, and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.

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)

Receive News & Ratings for Herbalife Nutrition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herbalife Nutrition and related companies with MarketBeat.com's FREE daily email newsletter.