Ibex Investors LLC Acquires New Holdings in Herbalife Nutrition Ltd (HLF)

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Ibex Investors LLC acquired a new position in Herbalife Nutrition Ltd (NYSE:HLF) in the third quarter, HoldingsChannel reports. The institutional investor acquired 3,713 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Herbalife Nutrition by 15.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,932 shares of the company’s stock worth $433,000 after buying an additional 1,042 shares in the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Herbalife Nutrition by 315.8% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,129 shares of the company’s stock worth $116,000 after buying an additional 1,617 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Herbalife Nutrition by 115.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock worth $176,000 after buying an additional 1,744 shares in the last quarter. Comerica Bank grew its holdings in Herbalife Nutrition by 86.6% in the 2nd quarter. Comerica Bank now owns 5,159 shares of the company’s stock worth $278,000 after buying an additional 2,395 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Herbalife Nutrition by 1.2% in the 3rd quarter. Swiss National Bank now owns 201,572 shares of the company’s stock worth $10,996,000 after buying an additional 2,400 shares in the last quarter. 90.30% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE HLF opened at $56.47 on Friday. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 1.13 and a beta of 0.72. Herbalife Nutrition Ltd has a 1 year low of $33.22 and a 1 year high of $60.41.

Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings results on Tuesday, October 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. On average, equities research analysts predict that Herbalife Nutrition Ltd will post 2.85 earnings per share for the current year.

A number of brokerages recently issued reports on HLF. Jefferies Financial Group set a $65.00 price objective on Herbalife Nutrition and gave the stock a “buy” rating in a report on Tuesday. BMO Capital Markets reissued a “hold” rating on shares of Herbalife Nutrition in a report on Friday, November 9th. Tigress Financial reissued a “buy” rating on shares of Herbalife Nutrition in a report on Friday, November 16th. Royal Bank of Canada reissued a “hold” rating on shares of Herbalife Nutrition in a report on Friday, November 9th. Finally, Pivotal Research reissued a “buy” rating and issued a $62.00 price objective (down from $75.00) on shares of Herbalife Nutrition in a report on Wednesday, October 31st. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $59.42.

In other Herbalife Nutrition news, COO David Pezzullo sold 33,070 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $55.64, for a total transaction of $1,840,014.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.19% of the company’s stock.

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About Herbalife Nutrition

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based 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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