SG Americas Securities LLC Sells 36,827 Shares of Herbalife Ltd. (NYSE:HLF)

SG Americas Securities LLC lowered its holdings in shares of Herbalife Ltd. (NYSE:HLF) by 78.2% during the third quarter, HoldingsChannel reports. The firm owned 10,293 shares of the company’s stock after selling 36,827 shares during the quarter. SG Americas Securities LLC’s holdings in Herbalife were worth $74,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Baupost Group LLC MA lifted its position in Herbalife by 128.3% in the 2nd quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock valued at $53,244,000 after acquiring an additional 2,879,603 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Herbalife by 2,053.6% in the second quarter. Marshall Wace LLP now owns 1,977,155 shares of the company’s stock valued at $20,543,000 after purchasing an additional 1,885,346 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position 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 during the period. Renaissance Technologies LLC grew its holdings in shares of Herbalife by 11.6% during the second quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock worth $69,129,000 after buying an additional 692,800 shares in the last quarter. Finally, Bank of Montreal Can raised its position in Herbalife by 15.3% in the 2nd quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock valued at $41,354,000 after buying an additional 500,876 shares during the last quarter.

Analysts Set New Price Targets

HLF has been the subject of a number of recent research reports. StockNews.com downgraded Herbalife from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Citigroup reduced their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday. DA Davidson lifted their price target on shares of Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, B. Riley increased their price objective on shares of Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Herbalife presently has an average rating of “Hold” and an average price target of $12.50.

Herbalife Price Performance

Shares of HLF stock opened at $6.95 on Tuesday. The company has a fifty day moving average price of $7.43 and a two-hundred day moving average price of $9.34. The stock has a market cap of $694.28 million, a P/E ratio of 5.07, a P/E/G ratio of 0.26 and a beta of 1.19. Herbalife Ltd. has a one year low of $6.59 and a one year high of $15.66.

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

Insider Transactions at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza bought 10,000 shares of Herbalife stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $7.11 per share, with a total value of $71,100.00. Following the completion of the transaction, the director now owns 120,000 shares in the company, valued at $853,200. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Herbalife Company 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.