Herbalife Ltd. (NYSE:HLF) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Herbalife Ltd. (NYSE:HLF) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 610,953 shares of the company’s stock after purchasing an additional 60,158 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.61% of Herbalife worth $4,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLF. Exchange Traded Concepts LLC lifted its holdings in shares of Herbalife by 3.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company’s stock valued at $300,000 after acquiring an additional 1,636 shares in the last quarter. Cinctive Capital Management LP raised its position in Herbalife by 3.6% in the third quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock valued at $662,000 after purchasing an additional 3,170 shares during the period. Inspire Investing LLC raised its position in Herbalife by 6.1% in the fourth quarter. Inspire Investing LLC now owns 59,879 shares of the company’s stock valued at $401,000 after purchasing an additional 3,458 shares during the period. Van ECK Associates Corp raised its position in Herbalife by 110.4% in the fourth quarter. Van ECK Associates Corp now owns 10,526 shares of the company’s stock valued at $70,000 after purchasing an additional 5,524 shares during the period. Finally, MFA Wealth Advisors LLC raised its position in Herbalife by 17.9% in the fourth quarter. MFA Wealth Advisors LLC now owns 41,315 shares of the company’s stock valued at $276,000 after purchasing an additional 6,287 shares during the period.

Herbalife Stock Performance

Shares of NYSE HLF opened at $8.06 on Monday. Herbalife Ltd. has a 1 year low of $5.04 and a 1 year high of $12.79. The firm has a market cap of $816.30 million, a price-to-earnings ratio of 3.23, a PEG ratio of 0.29 and a beta of 1.03. The stock’s 50-day simple moving average is $6.82 and its 200-day simple moving average is $7.21.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.28. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. As a group, research analysts predict that Herbalife Ltd. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “neutral” rating and issued a $7.50 price objective on shares of Herbalife in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.90.

Insider Transactions at Herbalife

In other news, Director Juan Miguel Mendoza acquired 5,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $8.25 per share, with a total value of $41,250.00. Following the completion of the acquisition, the director now directly owns 132,500 shares in the company, valued at $1,093,125. This represents a 3.92 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate 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.