Herbalife Ltd. (NYSE:HLF) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lowered its holdings in Herbalife Ltd. (NYSE:HLF) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 450,000 shares of the company’s stock after selling 50,000 shares during the quarter. SteelPeak Wealth LLC’s holdings in Herbalife were worth $3,010,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in HLF. Avaii Wealth Management LLC lifted its position in shares of Herbalife by 49.3% during the 4th quarter. Avaii Wealth Management LLC now owns 58,634 shares of the company’s stock valued at $392,000 after acquiring an additional 19,370 shares during the period. Exchange Traded Concepts LLC raised its holdings in Herbalife by 3.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 44,790 shares of the company’s stock worth $300,000 after purchasing an additional 1,636 shares during the last quarter. Inspire Investing LLC raised its holdings in Herbalife by 6.1% during the fourth quarter. Inspire Investing LLC now owns 59,879 shares of the company’s stock worth $401,000 after purchasing an additional 3,458 shares during the last quarter. SG Americas Securities LLC boosted its position in Herbalife by 83.5% during the fourth quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock worth $126,000 after purchasing an additional 8,591 shares in the last quarter. Finally, Perpetual Ltd grew its holdings in Herbalife by 107.1% in the fourth quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock valued at $6,463,000 after purchasing an additional 499,572 shares during the last quarter.

Herbalife Price Performance

NYSE:HLF opened at $5.97 on Wednesday. The firm has a market cap of $601.21 million, a PE ratio of 7.02, a P/E/G ratio of 0.22 and a beta of 1.18. The firm has a 50 day simple moving average of $7.10 and a 200-day simple moving average of $7.90. Herbalife Ltd. has a 1-year low of $5.95 and a 1-year high of $12.81.

Herbalife (NYSE:HLF) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.23 billion. As a group, sell-side analysts expect that Herbalife Ltd. will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.