Prentice Capital Management LP Has $1.68 Million Stock Holdings in Herbalife Ltd. (NYSE:HLF)

Prentice Capital Management LP grew its holdings in Herbalife Ltd. (NYSE:HLF) by 27.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 233,851 shares of the company’s stock after purchasing an additional 49,747 shares during the quarter. Herbalife makes up approximately 3.7% of Prentice Capital Management LP’s holdings, making the stock its 8th biggest holding. Prentice Capital Management LP owned about 0.23% of Herbalife worth $1,681,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HLF. Jacobs Levy Equity Management Inc. grew its holdings in Herbalife by 15.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company’s stock valued at $11,066,000 after purchasing an additional 206,530 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Herbalife by 20.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company’s stock worth $16,448,000 after acquiring an additional 384,100 shares in the last quarter. Centiva Capital LP acquired a new stake in shares of Herbalife during the third quarter worth about $410,000. Cinctive Capital Management LP lifted its holdings in shares of Herbalife by 3.6% during the 3rd quarter. Cinctive Capital Management LP now owns 92,138 shares of the company’s stock valued at $662,000 after purchasing an additional 3,170 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Herbalife by 72.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 168,209 shares of the company’s stock valued at $1,209,000 after purchasing an additional 70,498 shares during the period.

Insiders Place Their Bets

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 cost of $7.11 per share, for a total transaction of $71,100.00. Following the purchase, the director now owns 120,000 shares of the company’s stock, valued at $853,200. The trade was a 9.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have bought 15,000 shares of company stock valued at $112,275. 0.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HLF shares. DA Davidson reduced their target price on shares of Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research note on Thursday, October 31st. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Citigroup decreased their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. 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. Finally, Mizuho upped their price target on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $9.90.

Herbalife Stock Performance

HLF opened at $7.80 on Wednesday. The business’s 50-day simple moving average is $7.53 and its 200 day simple moving average is $9.05. The firm has a market capitalization of $785.66 million, a PE ratio of 9.17, a PEG ratio of 0.28 and a beta of 1.17. Herbalife Ltd. has a 52-week low of $6.59 and a 52-week high of $15.66.

Herbalife (NYSE:HLF) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. On average, research analysts forecast 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.