Avaii Wealth Management LLC Grows Position in Herbalife Ltd. (NYSE:HLF)

Avaii Wealth Management LLC boosted its position in shares of Herbalife Ltd. (NYSE:HLF) by 49.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,634 shares of the company’s stock after buying an additional 19,370 shares during the period. Avaii Wealth Management LLC’s holdings in Herbalife were worth $392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Herbalife in the 2nd quarter valued at $447,000. Canada Pension Plan Investment Board increased its stake in Herbalife by 8.7% in the second quarter. Canada Pension Plan Investment Board now owns 81,200 shares of the company’s stock valued at $844,000 after purchasing an additional 6,500 shares during the period. Marshall Wace LLP increased its stake in Herbalife by 2,053.6% in the second quarter. Marshall Wace LLP now owns 1,977,155 shares of the company’s stock valued at $20,543,000 after purchasing an additional 1,885,346 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Herbalife in the second quarter valued at about $602,000. Finally, Maverick Capital Ltd. boosted its stake in shares of Herbalife by 409.4% during the second quarter. Maverick Capital Ltd. now owns 127,887 shares of the company’s stock worth $1,329,000 after buying an additional 102,784 shares during the period.

Analyst Upgrades and Downgrades

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

Herbalife Stock Performance

NYSE:HLF opened at $6.47 on Friday. Herbalife Ltd. has a 1 year low of $6.05 and a 1 year high of $12.90. The stock has a fifty day moving average price of $7.16 and a two-hundred day moving average price of $7.98. The stock has a market capitalization of $652.51 million, a price-to-earnings ratio of 7.62, a PEG ratio of 0.22 and a beta of 1.18.

Herbalife (NYSE:HLF) last announced 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. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. On average, analysts predict that Herbalife Ltd. will post 1.51 EPS 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.