Herbalife Ltd. (NYSE:HLF) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC cut its stake in Herbalife Ltd. (NYSE:HLF) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 450,000 shares of the company’s stock after selling 50,000 shares during the quarter. SteelPeak Wealth LLC owned about 0.45% of Herbalife worth $3,010,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HLF. Carolina Wealth Advisors LLC acquired a new stake in Herbalife during the third quarter worth $78,000. Range Financial Group LLC acquired a new stake in shares of Herbalife during the 4th quarter worth about $124,000. SG Americas Securities LLC raised its holdings in Herbalife by 83.5% in the 4th quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock valued at $126,000 after buying an additional 8,591 shares during the period. Prospera Financial Services Inc acquired a new position in Herbalife in the third quarter valued at about $154,000. Finally, DGS Capital Management LLC lifted its position in Herbalife by 63.7% in the third quarter. DGS Capital Management LLC now owns 24,454 shares of the company’s stock valued at $176,000 after buying an additional 9,513 shares during the last quarter.

Analyst Upgrades and Downgrades

HLF has been the subject of several research analyst reports. Citigroup lowered their price target on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Mizuho raised their target price on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. DA Davidson lowered their price objective on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Finally, B. Riley cut their target price on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.90.

Herbalife Trading Down 8.4 %

Shares of NYSE HLF opened at $5.97 on Wednesday. The stock has a market cap of $601.21 million, a P/E ratio of 7.02, a P/E/G ratio of 0.22 and a beta of 1.18. Herbalife Ltd. has a twelve month low of $5.95 and a twelve month high of $12.81. The stock has a 50 day moving average of $7.10 and a two-hundred day moving average of $7.90.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, October 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. As a group, research analysts predict that Herbalife Ltd. will post 1.51 earnings per share for the current 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.