Connor Clark & Lunn Investment Management Ltd. Purchases 130,818 Shares of Herbalife Ltd. (NYSE:HLF)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Herbalife Ltd. (NYSE:HLF) by 31.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 550,795 shares of the company’s stock after purchasing an additional 130,818 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.55% of Herbalife worth $3,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Herbalife by 465.3% during the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after purchasing an additional 2,908 shares during the last quarter. nVerses Capital LLC boosted its holdings in Herbalife by 240.0% in the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock worth $53,000 after acquiring an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Herbalife by 22.9% in the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock worth $56,000 after acquiring an additional 1,035 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Herbalife by 10.3% in the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after acquiring an additional 808 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new position in shares of Herbalife during the third quarter valued at $78,000.

Insiders Place Their Bets

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of Herbalife stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the transaction, the director now directly owns 120,000 shares in the company, valued at $853,200. This represents a 9.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 25,000 shares of company stock worth $199,475. Company insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HLF. Citigroup reduced their price objective on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, October 25th. DA Davidson decreased their price objective on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. B. Riley cut their target price on Herbalife from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Mizuho increased their price objective on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.90.

Herbalife Price Performance

HLF stock opened at $8.42 on Friday. The company has a market cap of $848.65 million, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 0.30 and a beta of 1.17. Herbalife Ltd. has a 1 year low of $6.59 and a 1 year high of $15.66. The stock’s fifty day moving average price is $7.42 and its 200-day moving average price is $9.21.

Herbalife (NYSE:HLF) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a negative return on equity of 18.66% and a net margin of 1.73%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. As a group, analysts expect 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.