GRT Capital Partners L.L.C. cut its position in Herbalife LTD. (NYSE:HLF) by 15.4% during the fourth quarter, Holdings Channel reports. The fund owned 5,206 shares of the company’s stock after selling 946 shares during the period. GRT Capital Partners L.L.C.’s holdings in Herbalife LTD. were worth $251,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. World Asset Management Inc purchased a new position in Herbalife LTD. during the third quarter worth about $213,000. Bbva Compass Bancshares Inc. purchased a new position in Herbalife LTD. during the second quarter worth about $211,000. Virginia Retirement Systems ET AL increased its position in Herbalife LTD. by 5.3% in the third quarter. Virginia Retirement Systems ET AL now owns 4,000 shares of the company’s stock worth $248,000 after buying an additional 200 shares during the period. Aberdeen Asset Management PLC UK increased its position in Herbalife LTD. by 15.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 4,577 shares of the company’s stock worth $220,000 after buying an additional 600 shares during the period. Finally, Jennison Associates LLC purchased a new position in Herbalife LTD. during the third quarter worth about $294,000.
Shares of Herbalife LTD. (NYSE:HLF) traded up 2.78% during midday trading on Wednesday, hitting $61.82. The stock had a trading volume of 1,102,314 shares. The stock has a market cap of $5.75 billion, a PE ratio of 21.70 and a beta of 1.70. The firm has a 50 day moving average price of $53.76 and a 200-day moving average price of $57.28. Herbalife LTD. has a 52-week low of $42.26 and a 52-week high of $72.22.
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Several research firms recently weighed in on HLF. Zacks Investment Research downgraded Herbalife LTD. from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th. Pivotal Research reiterated a “buy” rating and set a $90.00 target price on shares of Herbalife LTD. in a research report on Friday, January 13th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Herbalife LTD. currently has a consensus rating of “Hold” and an average target price of $66.33.
Herbalife LTD. Company Profile
Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.
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