Inspire Investing LLC Has $2.08 Million Holdings in Herbalife Ltd $HLF

Inspire Investing LLC boosted its holdings in shares of Herbalife Ltd (NYSE:HLF) by 291.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,277 shares of the company’s stock after acquiring an additional 105,160 shares during the period. Inspire Investing LLC’s holdings in Herbalife were worth $2,080,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Manatuck Hill Partners LLC grew its stake in Herbalife by 122.2% in the third quarter. Manatuck Hill Partners LLC now owns 1,000,000 shares of the company’s stock valued at $8,440,000 after acquiring an additional 550,000 shares during the period. Invenomic Capital Management LP acquired a new stake in shares of Herbalife during the third quarter worth about $3,550,000. Johnson Financial Group LLC raised its position in shares of Herbalife by 1,156.1% during the fourth quarter. Johnson Financial Group LLC now owns 414,500 shares of the company’s stock worth $5,343,000 after purchasing an additional 381,500 shares during the period. Invesco Ltd. lifted its holdings in shares of Herbalife by 60.5% during the 3rd quarter. Invesco Ltd. now owns 763,857 shares of the company’s stock valued at $6,447,000 after purchasing an additional 287,880 shares in the last quarter. Finally, UBS Group AG lifted its holdings in shares of Herbalife by 74.3% during the 3rd quarter. UBS Group AG now owns 658,654 shares of the company’s stock valued at $5,559,000 after purchasing an additional 280,870 shares in the last quarter.

Herbalife Price Performance

Shares of Herbalife stock opened at $13.12 on Wednesday. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 0.76 and a beta of 0.88. The stock’s 50-day moving average is $13.25 and its 200-day moving average is $14.87. Herbalife Ltd has a one year low of $7.56 and a one year high of $20.40.

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, topping analysts’ consensus estimates of $0.61 by $0.03. Herbalife had a negative return on equity of 41.47% and a net margin of 4.67%.The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the company earned $0.59 earnings per share. Herbalife’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that Herbalife Ltd will post 2.47 EPS for the current year.

Insider Activity at Herbalife

In other news, insider Frank Lamberti sold 134,982 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $13.50, for a total transaction of $1,822,257.00. Following the completion of the transaction, the insider directly owned 36,624 shares of the company’s stock, valued at $494,424. This trade represents a 78.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Troy Hicks sold 38,377 shares of Herbalife stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $12.93, for a total transaction of $496,214.61. Following the completion of the sale, the chief operating officer owned 9,062 shares in the company, valued at $117,171.66. This trade represents a 80.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 191,296 shares of company stock valued at $2,551,678 over the last ninety days. Company insiders own 5.13% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on HLF shares. Zacks Research cut Herbalife from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings raised shares of Herbalife from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, June 15th. Wall Street Zen upgraded shares of Herbalife from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Mizuho set a $17.00 price objective on shares of Herbalife in a research report on Monday, May 4th. Finally, Royal Bank Of Canada lowered their price objective on shares of Herbalife from $17.00 to $16.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Herbalife currently has an average rating of “Hold” and a consensus price target of $17.80.

Herbalife Company 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.