Pekin Hardy Strauss Inc. Acquires 44,740 Shares of Herbalife Ltd. (NYSE:HLF)

Pekin Hardy Strauss Inc. raised its holdings in Herbalife Ltd. (NYSE:HLF) by 15.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 341,203 shares of the company’s stock after buying an additional 44,740 shares during the quarter. Pekin Hardy Strauss Inc. owned about 0.34% of Herbalife worth $3,545,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position 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 in the last quarter. nVerses Capital LLC boosted its position in shares of Herbalife by 240.0% during the second quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after purchasing an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Herbalife by 22.9% during the first quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after purchasing an additional 1,035 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Herbalife by 10.3% during the second quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock valued at $90,000 after purchasing an additional 808 shares in the last quarter. Finally, Foundry Partners LLC bought a new stake in shares of Herbalife during the first quarter valued at approximately $105,000.

Insider Buying and Selling

In related news, Director Juan Miguel Mendoza purchased 10,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $7.11 per share, with a total value of $71,100.00. Following the completion of the acquisition, the director now owns 120,000 shares of the company’s stock, valued at approximately $853,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Herbalife Price Performance

HLF stock opened at $7.07 on Tuesday. Herbalife Ltd. has a 1-year low of $6.68 and a 1-year high of $15.71. The stock has a market capitalization of $706.27 million, a P/E ratio of 5.16 and a beta of 1.20. The business has a fifty day moving average price of $9.40 and a 200-day moving average price of $9.71.

Herbalife (NYSE:HLF) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.43 by $0.11. Herbalife had a negative return on equity of 18.69% and a net margin of 1.63%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. Herbalife’s revenue was down 2.5% compared to the same quarter last year. As a group, analysts anticipate that Herbalife Ltd. will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HLF shares. B. Riley lifted their price target on Herbalife from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Mizuho lifted their price target on Herbalife from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, June 7th. DA Davidson lifted their price objective on Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.33.

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.