Herbalife Nutrition Ltd (HLF) Position Trimmed by Utah Retirement Systems

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Utah Retirement Systems lessened its holdings in shares of Herbalife Nutrition Ltd (NYSE:HLF) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,130 shares of the company’s stock after selling 1,100 shares during the period. Utah Retirement Systems’ holdings in Herbalife Nutrition were worth $1,098,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd grew its holdings in Herbalife Nutrition by 315.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,129 shares of the company’s stock worth $116,000 after acquiring an additional 1,617 shares during the period. First Hawaiian Bank acquired a new position in Herbalife Nutrition during the third quarter worth $139,000. Point72 Hong Kong Ltd grew its holdings in Herbalife Nutrition by 1,979.1% during the second quarter. Point72 Hong Kong Ltd now owns 2,890 shares of the company’s stock worth $155,000 after acquiring an additional 2,751 shares during the period. PNC Financial Services Group Inc. grew its holdings in Herbalife Nutrition by 115.1% during the second quarter. PNC Financial Services Group Inc. now owns 3,259 shares of the company’s stock worth $176,000 after acquiring an additional 1,744 shares during the period. Finally, Ibex Investors LLC acquired a new position in Herbalife Nutrition during the third quarter worth $203,000. 90.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:HLF opened at $56.47 on Friday. Herbalife Nutrition Ltd has a 52-week low of $33.22 and a 52-week high of $60.41. The firm has a market capitalization of $8.83 billion, a PE ratio of 23.24, a P/E/G ratio of 1.13 and a beta of 0.72.

Herbalife Nutrition (NYSE:HLF) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.07. Herbalife Nutrition had a negative return on equity of 82.17% and a net margin of 3.84%. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business earned $0.41 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Herbalife Nutrition Ltd will post 2.85 EPS for the current fiscal year.

In other news, COO David Pezzullo sold 33,070 shares of the company’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $55.64, for a total value of $1,840,014.80. The sale was disclosed in a filing with the SEC, which is available through this link. 6.19% of the stock is owned by corporate insiders.

A number of brokerages recently weighed in on HLF. Pivotal Research reaffirmed a “buy” rating and set a $75.00 price objective on shares of Herbalife Nutrition in a report on Thursday, October 25th. ValuEngine upgraded Herbalife Nutrition from a “hold” rating to a “buy” rating in a research report on Tuesday, October 16th. BMO Capital Markets reiterated a “hold” rating on shares of Herbalife Nutrition in a research report on Friday, November 9th. Zacks Investment Research reiterated a “strong-buy” rating and set a $63.00 target price on shares of Herbalife Nutrition in a research report on Tuesday, November 13th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Herbalife Nutrition in a research report on Friday, November 9th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $59.42.

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Herbalife Nutrition Profile

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

Further Reading: How are the companies in the S&P 500 selected?

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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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