Principal Financial Group Inc. Increases Stake in Herbalife Ltd. (NYSE:HLF)

Principal Financial Group Inc. boosted its stake in Herbalife Ltd. (NYSE:HLFFree Report) by 44.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 53,296 shares of the company’s stock after acquiring an additional 16,275 shares during the quarter. Principal Financial Group Inc. owned 0.05% of Herbalife worth $746,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in HLF. Vanguard Group Inc. lifted 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 valued at $259,881,000 after purchasing an additional 1,050,992 shares in the last quarter. BlackRock Inc. lifted its holdings in Herbalife by 26.6% in the 3rd quarter. BlackRock Inc. now owns 8,604,102 shares of the company’s stock valued at $171,134,000 after purchasing an additional 1,807,216 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Herbalife by 7.0% in the 1st quarter. Renaissance Technologies LLC now owns 6,968,748 shares of the company’s stock valued at $112,197,000 after purchasing an additional 456,384 shares in the last quarter. Bronte Capital Management Pty Ltd. lifted its holdings in Herbalife by 0.3% in the 2nd quarter. Bronte Capital Management Pty Ltd. now owns 3,016,900 shares of the company’s stock valued at $39,944,000 after purchasing an additional 10,352 shares in the last quarter. Finally, Camber Capital Management LP lifted its holdings in Herbalife by 233.3% in the 2nd quarter. Camber Capital Management LP now owns 2,750,000 shares of the company’s stock valued at $36,410,000 after purchasing an additional 1,925,000 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HLF shares. Mizuho decreased their price objective on Herbalife from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, November 29th. Royal Bank of Canada reduced their price target on Herbalife from $15.00 to $13.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th. TheStreet downgraded Herbalife from a “c” rating to a “d+” rating in a research report on Thursday, November 2nd. BMO Capital Markets started coverage on Herbalife in a research report on Monday, October 16th. They set a “market perform” rating and a $12.00 price objective for the company. Finally, StockNews.com downgraded Herbalife from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Herbalife currently has a consensus rating of “Hold” and an average target price of $16.10.

Check Out Our Latest Stock Report on Herbalife

Herbalife Price Performance

NYSE HLF opened at $12.07 on Friday. The company has a market cap of $1.20 billion, a P/E ratio of 6.45 and a beta of 1.27. The stock has a 50-day moving average of $13.48 and a two-hundred day moving average of $14.19. Herbalife Ltd. has a 1-year low of $10.94 and a 1-year high of $21.33.

About Herbalife

(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. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotion items.

See Also

Institutional Ownership by Quarter for Herbalife (NYSE:HLF)

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