CIBC Private Wealth Group LLC Has $2.74 Million Holdings in Herbalife Ltd. (NYSE:HLF)

CIBC Private Wealth Group LLC raised its stake in Herbalife Ltd. (NYSE:HLF) by 26.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 413,065 shares of the company’s stock after buying an additional 87,337 shares during the quarter. CIBC Private Wealth Group LLC owned 0.41% of Herbalife worth $2,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its position in shares of Herbalife by 777.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company’s stock valued at $19,986,000 after acquiring an additional 2,646,848 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Herbalife by 8.4% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 480,926 shares of the company’s stock worth $3,217,000 after purchasing an additional 37,139 shares during the period. EntryPoint Capital LLC bought a new position in shares of Herbalife during the fourth quarter worth $481,000. Vanguard Group Inc. grew its holdings in shares of Herbalife by 7.5% in the 4th quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company’s stock valued at $75,406,000 after buying an additional 785,574 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Herbalife in the 4th quarter valued at $192,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com upgraded Herbalife from a “buy” rating to a “strong-buy” rating in a report on Friday, March 21st. DA Davidson raised Herbalife from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.50 to $14.00 in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $12.00.

Insider Transactions at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza acquired 5,000 shares of Herbalife stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the purchase, the director now directly owns 132,500 shares in the company, valued at approximately $1,093,125. This represents a 3.92 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 1.73% of the stock is currently owned by insiders.

Herbalife Price Performance

HLF opened at $8.81 on Thursday. The company has a market capitalization of $892.81 million, a price-to-earnings ratio of 3.54, a P/E/G ratio of 0.29 and a beta of 1.03. The business’s 50-day moving average price is $7.30 and its two-hundred day moving average price is $7.27. Herbalife Ltd. has a 1 year low of $5.04 and a 1 year high of $12.79.

Herbalife (NYSE:HLF) last announced its earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.28. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Sell-side analysts anticipate that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal 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.