Point72 Hong Kong Ltd acquired a new position in Herbalife Nutrition Ltd (NYSE:HLF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,651 shares of the company’s stock, valued at approximately $222,000.

Several other large investors have also made changes to their positions in HLF. Bank of America Corp DE raised its holdings in shares of Herbalife Nutrition by 53.2% in the fourth quarter. Bank of America Corp DE now owns 464,068 shares of the company’s stock worth $22,122,000 after buying an additional 161,092 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Herbalife Nutrition by 9.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 178,276 shares of the company’s stock valued at $8,498,000 after acquiring an additional 14,758 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Herbalife Nutrition by 169.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 247,451 shares of the company’s stock valued at $11,796,000 after acquiring an additional 155,646 shares during the last quarter. Marshall Wace LLP bought a new position in Herbalife Nutrition in the 4th quarter valued at $1,758,000. Finally, Marshall Wace North America L.P. purchased a new stake in Herbalife Nutrition in the fourth quarter worth $4,952,000. Institutional investors and hedge funds own 84.83% of the company’s stock.

Several analysts have recently weighed in on the company. Citigroup decreased their target price on Herbalife Nutrition from $55.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Zacks Investment Research cut shares of Herbalife Nutrition from a “hold” rating to a “sell” rating in a report on Friday, February 21st. Finally, ValuEngine cut shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Herbalife Nutrition has a consensus rating of “Hold” and an average price target of $34.19.

Shares of NYSE HLF traded up $2.41 during trading hours on Thursday, reaching $29.33. The stock had a trading volume of 978,515 shares, compared to its average volume of 1,532,958. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 13.45 and a beta of 0.61. The business’s fifty day moving average price is $33.97 and its two-hundred day moving average price is $40.83. Herbalife Nutrition Ltd has a 52-week low of $20.73 and a 52-week high of $54.99.

Herbalife Nutrition (NYSE:HLF) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.57 by $0.17. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. Herbalife Nutrition had a negative return on equity of 79.08% and a net margin of 6.38%. Herbalife Nutrition’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.63 EPS. As a group, equities research analysts anticipate that Herbalife Nutrition Ltd will post 2.85 EPS for the current year.

About Herbalife Nutrition

Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.

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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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