Sterling Capital Management LLC Lowers Stake in Herbalife Ltd. (HLF)

Sterling Capital Management LLC reduced its position in Herbalife Ltd. (NYSE:HLF) by 54.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,550 shares of the company’s stock after selling 17,120 shares during the period. Sterling Capital Management LLC’s holdings in Herbalife were worth $987,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its position in shares of Herbalife by 0.3% in the 2nd quarter. M&T Bank Corp now owns 5,371 shares of the company’s stock worth $384,000 after purchasing an additional 15 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Herbalife by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,821 shares of the company’s stock worth $201,000 after purchasing an additional 189 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Herbalife by 11.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,523 shares of the company’s stock worth $180,000 after purchasing an additional 268 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Herbalife by 6.3% in the 2nd quarter. Prudential Financial Inc. now owns 5,081 shares of the company’s stock worth $362,000 after purchasing an additional 300 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its position in shares of Herbalife by 2.4% in the 2nd quarter. Tudor Investment Corp ET AL now owns 34,009 shares of the company’s stock worth $2,426,000 after purchasing an additional 781 shares during the last quarter.

Herbalife Ltd. (HLF) opened at $68.06 on Wednesday. The company has a debt-to-equity ratio of 9.94, a quick ratio of 2.24 and a current ratio of 2.65. The firm has a market capitalization of $5,946.85, a PE ratio of 14.92 and a beta of 1.27. Herbalife Ltd. has a twelve month low of $47.91 and a twelve month high of $79.64.

Herbalife (NYSE:HLF) last posted its earnings results on Thursday, November 2nd. The company reported $0.82 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.82. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Herbalife had a return on equity of 176.64% and a net margin of 8.60%. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 earnings per share. equities analysts predict that Herbalife Ltd. will post 4.55 EPS for the current year.

Several research analysts have recently issued reports on HLF shares. ValuEngine upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Pivotal Research restated a “buy” rating and issued a $120.00 price target on shares of Herbalife in a research report on Thursday, August 31st. Zacks Investment Research lowered Herbalife from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. SunTrust Banks restated a “hold” rating and issued a $67.00 price target on shares of Herbalife in a research report on Friday, November 10th. Finally, Citigroup restated a “hold” rating and issued a $73.00 price target (up from $71.00) on shares of Herbalife in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $83.25.

In other Herbalife news, insider Shin-Shing Bosco Chiu sold 2,380 shares of Herbalife stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $69.98, for a total transaction of $166,552.40. Following the transaction, the insider now directly owns 5,000 shares in the company, valued at $349,900. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.95% of the company’s stock.

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Herbalife 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. Its operating segments are based on geographical operations in six regions: North America; Mexico; South and Central America; Europe, the Middle East, and Africa (EMEA); Asia Pacific, and China.

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Institutional Ownership by Quarter for Herbalife (NYSE:HLF)

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