Jupiter Asset Management Ltd. Invests $3.42 Million in Herbalife Ltd. (NYSE:HLF)

Jupiter Asset Management Ltd. acquired a new stake in Herbalife Ltd. (NYSE:HLF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 329,081 shares of the company’s stock, valued at approximately $3,419,000.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Herbalife by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,888,191 shares of the company’s stock valued at $28,814,000 after purchasing an additional 145,684 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Herbalife in the fourth quarter worth approximately $258,000. Dimensional Fund Advisors LP lifted its holdings in Herbalife by 10.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,523,350 shares of the company’s stock worth $23,247,000 after buying an additional 142,829 shares during the period. Principal Financial Group Inc. boosted its position in Herbalife by 28.9% during the 4th quarter. Principal Financial Group Inc. now owns 68,723 shares of the company’s stock valued at $1,049,000 after acquiring an additional 15,427 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in shares of Herbalife by 59.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 148,735 shares of the company’s stock valued at $2,270,000 after acquiring an additional 55,649 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. DA Davidson upped their price objective on Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Mizuho raised their price target on shares of Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, June 7th. StockNews.com upgraded shares of Herbalife from a “hold” rating to a “buy” rating in a research note on Friday. Finally, B. Riley increased their target price on shares of Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.33.

Insiders Place Their Bets

In other news, Director Juan Miguel Mendoza acquired 10,000 shares of Herbalife stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the purchase, the director now directly owns 120,000 shares in the company, valued at approximately $853,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.94% of the stock is currently owned by insiders.

Herbalife Stock Up 1.8 %

HLF stock opened at $7.42 on Friday. The stock has a market capitalization of $747.34 million, a PE ratio of 5.42 and a beta of 1.20. Herbalife Ltd. has a 52 week low of $6.68 and a 52 week high of $15.71. The firm has a 50 day moving average of $9.47 and a 200 day moving average of $9.70.

Herbalife (NYSE:HLF) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.43 by $0.11. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.33 billion. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.74 earnings per share. On average, equities research analysts expect that Herbalife Ltd. will post 1.34 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.