Harbor Capital Advisors Inc. Acquires 22,138 Shares of Herbalife Ltd. (NYSE:HLF)

Harbor Capital Advisors Inc. raised its stake in Herbalife Ltd. (NYSE:HLF) by 139.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,020 shares of the company’s stock after acquiring an additional 22,138 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Herbalife were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Baupost Group LLC MA increased its position in Herbalife by 128.3% during the 2nd quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after purchasing an additional 2,879,603 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Herbalife by 2,053.6% during the second quarter. Marshall Wace LLP now owns 1,977,155 shares of the company’s stock worth $20,543,000 after buying an additional 1,885,346 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Herbalife by 3,832.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,157,309 shares of the company’s stock worth $11,631,000 after buying an additional 1,127,880 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Herbalife by 11.6% in the 2nd quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock valued at $69,129,000 after acquiring an additional 692,800 shares during the last quarter. Finally, Iridian Asset Management LLC CT boosted its holdings in shares of Herbalife by 43.7% during the 3rd quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock valued at $16,021,000 after acquiring an additional 677,739 shares in the last quarter.

Wall Street Analysts Forecast Growth

HLF has been the subject of a number of recent research reports. Mizuho upped their target price on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. DA Davidson lowered their price objective on Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Citigroup cut their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. B. Riley decreased their price target on shares of Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.42.

Insiders Place Their Bets

In other Herbalife news, Director Juan Miguel Mendoza bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the transaction, the director now directly owns 120,000 shares in the company, valued at approximately $853,200. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders acquired 22,500 shares of company stock worth $178,250. Company insiders own 0.94% of the company’s stock.

Herbalife Stock Performance

NYSE:HLF opened at $8.37 on Friday. Herbalife Ltd. has a fifty-two week low of $6.59 and a fifty-two week high of $15.66. The company has a 50 day simple moving average of $7.30 and a two-hundred day simple moving average of $9.28. The company has a market capitalization of $843.63 million, a PE ratio of 9.85, a P/E/G ratio of 0.29 and a beta of 1.17.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.38. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Research analysts predict that Herbalife Ltd. will post 1.51 EPS 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.