SteelPeak Wealth LLC Has $2.94 Million Position in Herbalife Ltd $HLF

SteelPeak Wealth LLC cut its stake in Herbalife Ltd (NYSE:HLF) by 20.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 200,000 shares of the company’s stock after selling 50,000 shares during the period. SteelPeak Wealth LLC’s holdings in Herbalife were worth $2,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of HLF. Optimize Financial Inc boosted its holdings in shares of Herbalife by 1.5% during the 4th quarter. Optimize Financial Inc now owns 61,426 shares of the company’s stock worth $792,000 after buying an additional 880 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Herbalife by 7.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,176 shares of the company’s stock valued at $200,000 after acquiring an additional 933 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Herbalife by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,642 shares of the company’s stock valued at $316,000 after acquiring an additional 1,217 shares during the period. CWM LLC lifted its position in Herbalife by 5.9% during the fourth quarter. CWM LLC now owns 24,229 shares of the company’s stock worth $312,000 after acquiring an additional 1,348 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Herbalife by 8.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 16,488 shares of the company’s stock worth $213,000 after acquiring an additional 1,351 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on HLF. Weiss Ratings raised Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, June 15th. Wall Street Zen lowered Herbalife from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Mizuho set a $17.00 price target on Herbalife in a report on Monday, May 4th. Royal Bank Of Canada reduced their price target on Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 28th. Finally, Zacks Research lowered Herbalife from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.80.

Insider Buying and Selling

In related news, insider Frank Lamberti sold 134,982 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $13.50, for a total value of $1,822,257.00. Following the completion of the sale, the insider directly owned 36,624 shares in the company, valued at approximately $494,424. The trade was a 78.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Troy Hicks sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $12.32, for a total value of $123,200.00. Following the sale, the chief operating officer directly owned 9,706 shares in the company, valued at $119,577.92. This represents a 50.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 191,296 shares of company stock valued at $2,551,678. 5.13% of the stock is owned by company insiders.

Herbalife Stock Performance

NYSE:HLF opened at $12.01 on Friday. Herbalife Ltd has a 52 week low of $7.56 and a 52 week high of $20.40. The firm’s 50-day simple moving average is $12.37 and its 200 day simple moving average is $14.74. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 5.27, a P/E/G ratio of 0.68 and a beta of 0.86.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Herbalife had a net margin of 4.67% and a negative return on equity of 41.47%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that Herbalife Ltd will post 2.68 EPS for the current year.

About Herbalife

Herbalife Nutrition Ltd. (NYSE: HLF) operates as a global multi-level marketing company specializing in weight-management, nutritional supplement, sports nutrition and personal care products. Its portfolio includes protein shakes, vitamins, energy and fitness supplements, hydration products and skin and hair care items, all formulated to support wellness, performance and healthy living. Products are manufactured in GMP-certified facilities to ensure consistent quality and safety standards.

Founded in 1980 by Mark R.