Herbalife Ltd. (NYSE:HLF) Stock Holdings Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its stake in Herbalife Ltd. (NYSE:HLF) by 10.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 610,953 shares of the company’s stock after acquiring an additional 60,158 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Herbalife were worth $4,087,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HLF. Perpetual Ltd boosted its stake in Herbalife by 107.1% in the fourth quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock valued at $6,463,000 after acquiring an additional 499,572 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in Herbalife by 20.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company’s stock valued at $16,448,000 after acquiring an additional 384,100 shares during the period. Iridian Asset Management LLC CT boosted its stake in Herbalife by 12.5% in the fourth quarter. Iridian Asset Management LLC CT now owns 2,507,740 shares of the company’s stock valued at $16,777,000 after acquiring an additional 279,547 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Herbalife by 8.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company’s stock valued at $18,040,000 after acquiring an additional 216,603 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Herbalife by 15.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company’s stock valued at $11,066,000 after acquiring an additional 206,530 shares during the period.

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $8.25 per share, with a total value of $41,250.00. Following the completion of the acquisition, the director now directly owns 132,500 shares in the company, valued at approximately $1,093,125. This trade represents a 3.92 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a “neutral” rating and issued a $7.50 target price on shares of Herbalife in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.90.

Herbalife Trading Down 0.2 %

Shares of NYSE HLF opened at $8.06 on Monday. The stock has a 50 day simple moving average of $6.82 and a 200-day simple moving average of $7.21. The company has a market cap of $816.30 million, a PE ratio of 3.23, a P/E/G ratio of 0.29 and a beta of 1.03. Herbalife Ltd. has a 12-month low of $5.04 and a 12-month high of $12.79.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.28. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. Sell-side analysts forecast that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.

Herbalife Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.