Charles Schwab Investment Management Inc. Grows Position in Herbalife Ltd. (NYSE:HLF)

Charles Schwab Investment Management Inc. increased its position in shares of Herbalife Ltd. (NYSE:HLF) by 8.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,696,560 shares of the company’s stock after buying an additional 216,603 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Herbalife were worth $18,040,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HLF. Prospera Financial Services Inc purchased a new position in Herbalife during the 3rd quarter worth approximately $154,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Herbalife by 31.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 550,795 shares of the company’s stock valued at $3,960,000 after purchasing an additional 130,818 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Herbalife in the 3rd quarter valued at approximately $199,000. Thompson Siegel & Walmsley LLC grew its stake in shares of Herbalife by 13.1% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 486,409 shares of the company’s stock valued at $3,497,000 after purchasing an additional 56,499 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. grew its stake in shares of Herbalife by 45.5% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 496,360 shares of the company’s stock valued at $3,569,000 after purchasing an additional 155,157 shares during the last quarter.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “neutral” rating and issued a $7.50 target price on shares of Herbalife in a research note on Thursday, February 20th. 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 stock. According to data from MarketBeat, Herbalife presently has an average rating of “Hold” and a consensus price target of $9.90.

Insider Activity

In other news, Director Juan Miguel Mendoza acquired 5,000 shares of Herbalife stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $8.25 per share, with a total value of $41,250.00. Following the completion of the acquisition, the director now owns 132,500 shares in the company, valued at $1,093,125. This trade represents a 3.92 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.94% of the company’s stock.

Herbalife Price Performance

HLF opened at $7.87 on Thursday. The business has a 50 day simple moving average of $6.91 and a 200-day simple moving average of $7.21. The stock has a market capitalization of $797.05 million, a P/E ratio of 3.16, a P/E/G ratio of 0.29 and a beta of 1.03. Herbalife Ltd. has a 12 month low of $5.04 and a 12 month high of $12.79.

Herbalife (NYSE:HLF) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.08 by $0.28. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. Research analysts anticipate that Herbalife Ltd. will post 1.57 EPS for the current year.

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.