Bronte Capital Management Pty Ltd. Sells 108,645 Shares of Herbalife Ltd. (NYSE:HLF)

Bronte Capital Management Pty Ltd. decreased its holdings in Herbalife Ltd. (NYSE:HLF) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,696,608 shares of the company’s stock after selling 108,645 shares during the period. Herbalife comprises approximately 2.3% of Bronte Capital Management Pty Ltd.’s holdings, making the stock its 15th largest holding. Bronte Capital Management Pty Ltd. owned approximately 2.70% of Herbalife worth $28,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Herbalife by 465.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after buying an additional 2,908 shares in the last quarter. nVerses Capital LLC boosted its holdings in shares of Herbalife by 240.0% in the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after purchasing an additional 3,600 shares during the period. Public Employees Retirement System of Ohio grew its stake in Herbalife by 22.9% in the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock worth $56,000 after purchasing an additional 1,035 shares in the last quarter. Van ECK Associates Corp increased its holdings in Herbalife by 10.3% during the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after purchasing an additional 808 shares during the period. Finally, Foundry Partners LLC bought a new position in shares of Herbalife during the 1st quarter worth $105,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Mizuho boosted their target price on shares of Herbalife from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. StockNews.com lowered shares of Herbalife from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. DA Davidson raised their target price on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, B. Riley lifted their price target on shares of Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Herbalife presently has an average rating of “Hold” and a consensus price target of $12.33.

Insider Activity at Herbalife

In related news, Director Juan Miguel Mendoza acquired 10,000 shares of the stock in a transaction on Monday, August 26th. The shares were acquired at an average price of $8.72 per share, for a total transaction of $87,200.00. Following the transaction, the director now owns 110,000 shares in the company, valued at approximately $959,200. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.94% of the stock is owned by company insiders.

Herbalife Trading Down 9.4 %

NYSE:HLF opened at $6.82 on Tuesday. The company has a market capitalization of $686.91 million, a P/E ratio of 4.98 and a beta of 1.21. The firm has a fifty day simple moving average of $9.79 and a 200-day simple moving average of $9.76. Herbalife Ltd. has a 12 month low of $6.68 and a 12 month high of $15.71.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, July 31st. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.33 billion. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. Equities analysts forecast that Herbalife Ltd. will post 0.9 EPS for the current year.

About Herbalife

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.