LSV Asset Management Sells 108,600 Shares of Herbalife Ltd $HLF

LSV Asset Management cut its holdings in Herbalife Ltd (NYSE:HLF) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,744,931 shares of the company’s stock after selling 108,600 shares during the quarter. LSV Asset Management owned about 2.66% of Herbalife worth $23,167,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HLF. FNY Investment Advisers LLC bought a new position in shares of Herbalife during the 2nd quarter valued at $29,000. GAMMA Investing LLC increased its position in Herbalife by 115.6% during the third quarter. GAMMA Investing LLC now owns 7,024 shares of the company’s stock worth $59,000 after buying an additional 3,766 shares during the last quarter. CHICAGO TRUST Co NA bought a new position in Herbalife during the third quarter valued at about $100,000. Vanguard Personalized Indexing Management LLC bought a new position in Herbalife during the second quarter valued at about $103,000. Finally, EMC Capital Management acquired a new stake in shares of Herbalife in the second quarter worth about $109,000.

Insider Buying and Selling

In related news, Director Lynda Cloud purchased 17,000 shares of Herbalife stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of $8.97 per share, with a total value of $152,490.00. Following the acquisition, the director directly owned 38,857 shares in the company, valued at approximately $348,547.29. This trade represents a 77.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have acquired 18,200 shares of company stock worth $167,938. 1.73% of the stock is owned by corporate insiders.

Herbalife Stock Down 1.2%

Shares of NYSE HLF opened at $15.88 on Friday. Herbalife Ltd has a 12 month low of $5.50 and a 12 month high of $17.93. The company has a market cap of $1.64 billion, a P/E ratio of 5.07 and a beta of 0.84. The business’s 50 day moving average is $15.18 and its two-hundred day moving average is $11.43.

Analysts Set New Price Targets

A number of research analysts have recently commented on HLF shares. Citigroup reissued a “buy” rating and set a $17.00 price objective (up previously from $11.00) on shares of Herbalife in a report on Friday, December 12th. Wall Street Zen raised Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Herbalife in a report on Thursday, January 22nd. Maxim Group assumed coverage on shares of Herbalife in a research report on Tuesday, January 6th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Mizuho set a $13.00 price objective on shares of Herbalife and gave the stock a “neutral” rating in a report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.80.

Herbalife Profile

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.