State Board of Administration of Florida Retirement System Lowers Holdings in Herbalife Nutrition Ltd (NYSE:HLF)

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State Board of Administration of Florida Retirement System trimmed its holdings in Herbalife Nutrition Ltd (NYSE:HLF) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 161,998 shares of the company’s stock after selling 2,523 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.11% of Herbalife Nutrition worth $6,927,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Redwood Investment Management LLC boosted its holdings in Herbalife Nutrition by 473.4% in the first quarter. Redwood Investment Management LLC now owns 70,339 shares of the company’s stock valued at $3,727,000 after purchasing an additional 58,071 shares during the last quarter. Victory Capital Management Inc. acquired a new position in shares of Herbalife Nutrition in the first quarter worth about $4,560,000. Janus Henderson Group PLC raised its position in shares of Herbalife Nutrition by 4.5% in the first quarter. Janus Henderson Group PLC now owns 390,626 shares of the company’s stock worth $20,699,000 after acquiring an additional 16,826 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Herbalife Nutrition by 28.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 192,210 shares of the company’s stock worth $10,185,000 after acquiring an additional 42,400 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Herbalife Nutrition by 39.3% in the first quarter. Jennison Associates LLC now owns 31,839 shares of the company’s stock worth $1,687,000 after acquiring an additional 8,978 shares during the period. 93.72% of the stock is currently owned by institutional investors.

Shares of Herbalife Nutrition stock traded down $0.23 during trading hours on Wednesday, reaching $34.11. The stock had a trading volume of 1,700 shares, compared to its average volume of 1,809,075. The stock’s 50 day moving average is $38.79 and its 200 day moving average is $47.31. The firm has a market capitalization of $5.18 billion, a PE ratio of 11.89 and a beta of 0.43. Herbalife Nutrition Ltd has a twelve month low of $34.13 and a twelve month high of $61.77.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.05). Herbalife Nutrition had a negative return on equity of 58.68% and a net margin of 6.05%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the company earned $0.80 EPS. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts forecast that Herbalife Nutrition Ltd will post 2.61 EPS for the current year.

A number of brokerages have weighed in on HLF. ValuEngine upgraded shares of Herbalife Nutrition from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded shares of Herbalife Nutrition from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Pi Financial upgraded shares of Herbalife Nutrition from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $8.75 to $12.75 in a research report on Thursday, August 8th. Pivotal Research reiterated a “buy” rating and issued a $65.00 price objective (down previously from $75.00) on shares of Herbalife Nutrition in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $10.00 price objective on shares of Herbalife Nutrition in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $49.25.

Herbalife Nutrition Company 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.

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

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