Carolina Wealth Advisors LLC Acquires Shares of 10,816 Herbalife Ltd. (NYSE:HLF)

Carolina Wealth Advisors LLC purchased a new stake in Herbalife Ltd. (NYSE:HLF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,816 shares of the company’s stock, valued at approximately $78,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Windacre Partnership LLC grew its holdings in Herbalife by 3.4% during the first quarter. Windacre Partnership LLC now owns 9,203,500 shares of the company’s stock valued at $92,495,000 after purchasing an additional 300,000 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Herbalife by 11.6% in the second quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock valued at $69,129,000 after buying an additional 692,800 shares during the period. Baupost Group LLC MA increased its position in shares of Herbalife by 128.3% during the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after acquiring an additional 2,879,603 shares in the last quarter. Bank of Montreal Can increased its position in shares of Herbalife by 15.3% during the second quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock worth $41,354,000 after acquiring an additional 500,876 shares in the last quarter. Finally, Long Focus Capital Management LLC raised its holdings in shares of Herbalife by 11.3% during the second quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock worth $33,279,000 after acquiring an additional 323,969 shares during the period.

Insider Activity at Herbalife

In other news, Director Juan Miguel Mendoza bought 10,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of $7.11 per share, with a total value of $71,100.00. Following the acquisition, the director now directly owns 120,000 shares in the company, valued at $853,200. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is owned by insiders.

Herbalife Stock Down 2.7 %

Shares of NYSE HLF traded down $0.19 during mid-day trading on Monday, reaching $6.81. 448,378 shares of the company were exchanged, compared to its average volume of 2,070,565. Herbalife Ltd. has a twelve month low of $6.59 and a twelve month high of $15.66. The stock has a market capitalization of $680.78 million, a P/E ratio of 5.11, a P/E/G ratio of 0.27 and a beta of 1.19. The company’s 50-day simple moving average is $7.56 and its 200-day simple moving average is $9.38.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, beating 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm posted $0.74 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities research analysts expect that Herbalife Ltd. will post 1.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HLF. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a report on Monday, October 14th. DA Davidson increased their target price on shares of Herbalife from $9.50 to $13.00 and gave the stock a “neutral” rating in a report 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.40.

About Herbalife

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.