Range Financial Group LLC Acquires New Position in Herbalife Ltd. (NYSE:HLF)

Range Financial Group LLC bought a new position in Herbalife Ltd. (NYSE:HLF) in the 4th quarter, HoldingsChannel.com reports. The fund bought 18,550 shares of the company’s stock, valued at approximately $124,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Herbalife by 10.3% in the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after purchasing an additional 808 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Herbalife by 3.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 41,678 shares of the company’s stock valued at $433,000 after buying an additional 1,399 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Herbalife by 3.3% during the second quarter. The Manufacturers Life Insurance Company now owns 51,311 shares of the company’s stock valued at $533,000 after buying an additional 1,660 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Herbalife by 1.3% in the second quarter. Rhumbline Advisers now owns 149,057 shares of the company’s stock worth $1,549,000 after buying an additional 1,953 shares during the period. Finally, Cinctive Capital Management LP lifted its stake in shares of Herbalife by 3.6% in the 3rd quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock valued at $662,000 after acquiring an additional 3,170 shares during the last quarter.

Analyst Ratings Changes

HLF has been the topic of a number of analyst reports. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Mizuho raised their price target on shares of 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 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. Citigroup cut their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, B. Riley lowered their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One investment 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’s stock. According to MarketBeat.com, Herbalife presently has a consensus rating of “Hold” and a consensus target price of $9.90.

Herbalife Price Performance

Shares of NYSE HLF opened at $6.70 on Wednesday. Herbalife Ltd. has a 1 year low of $6.21 and a 1 year high of $13.70. The stock has a market capitalization of $675.31 million, a P/E ratio of 7.88, a P/E/G ratio of 0.26 and a beta of 1.18. The company’s 50-day moving average is $7.56 and its 200 day moving average is $8.38.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.38. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. Research analysts anticipate 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.