Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,922 Shares of Herbalife Ltd. (NYSE:HLF)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Herbalife Ltd. (NYSE:HLF) by 35.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,584 shares of the company’s stock after acquiring an additional 5,922 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Herbalife were worth $345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Iridian Asset Management LLC CT increased its position in shares of Herbalife by 49.1% in the fourth quarter. Iridian Asset Management LLC CT now owns 1,468,636 shares of the company’s stock worth $22,411,000 after purchasing an additional 483,635 shares during the last quarter. UBS Group AG increased its holdings in shares of Herbalife by 5.6% in the 3rd quarter. UBS Group AG now owns 3,989,128 shares of the company’s stock worth $55,808,000 after buying an additional 209,949 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Herbalife by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,561,779 shares of the company’s stock valued at $147,759,000 after buying an additional 43,452 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Herbalife by 9.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,507 shares of the company’s stock worth $24,378,000 after acquiring an additional 147,003 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Herbalife in the third quarter worth $381,000.

Herbalife Stock Performance

Shares of HLF stock opened at $9.58 on Friday. Herbalife Ltd. has a fifty-two week low of $6.68 and a fifty-two week high of $19.48. The company has a market capitalization of $957.71 million, a P/E ratio of 6.99 and a beta of 1.24. The stock has a 50 day moving average price of $8.82 and a two-hundred day moving average price of $11.55.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.12. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.26 billion. Herbalife had a net margin of 2.70% and a negative return on equity of 19.97%. The firm’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 EPS. As a group, equities analysts predict that Herbalife Ltd. will post 1.68 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at Herbalife

In other Herbalife news, EVP Henry C. Wang acquired 2,778 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average cost of $9.30 per share, for a total transaction of $25,835.40. Following the transaction, the executive vice president now owns 176,194 shares in the company, valued at $1,638,604.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Juan Miguel Mendoza bought 16,079 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average cost of $9.40 per share, with a total value of $151,142.60. Following the transaction, the director now owns 54,622 shares in the company, valued at approximately $513,446.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Henry C. Wang bought 2,778 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of $9.30 per share, for a total transaction of $25,835.40. Following the purchase, the executive vice president now directly owns 176,194 shares in the company, valued at approximately $1,638,604.20. The disclosure for this purchase can be found here. Insiders acquired 85,757 shares of company stock valued at $723,278 in the last 90 days. Insiders own 0.94% of the company’s stock.

Herbalife Company Profile

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.