Herbalife Ltd. (NYSE:HLF) Shares Sold by Bronte Capital Management Pty Ltd.

Bronte Capital Management Pty Ltd. trimmed its position in shares of Herbalife Ltd. (NYSE:HLF) by 39.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,599,168 shares of the company’s stock after selling 1,054,746 shares during the period. Herbalife accounts for approximately 1.6% of Bronte Capital Management Pty Ltd.’s investment portfolio, making the stock its 10th biggest holding. Bronte Capital Management Pty Ltd.’s holdings in Herbalife were worth $10,698,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Herbalife by 8.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,696,560 shares of the company’s stock worth $18,040,000 after buying an additional 216,603 shares during the period. Geode Capital Management LLC increased its position in Herbalife by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 2,615,514 shares of the company’s stock worth $18,809,000 after buying an additional 105,431 shares during the period. Iridian Asset Management LLC CT increased its position in Herbalife by 12.5% in the 4th quarter. Iridian Asset Management LLC CT now owns 2,507,740 shares of the company’s stock worth $16,777,000 after buying an additional 279,547 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in Herbalife by 20.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company’s stock worth $16,448,000 after buying an additional 384,100 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in Herbalife by 15.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company’s stock worth $11,066,000 after buying an additional 206,530 shares during the period.

Insiders Place Their Bets

In other news, Director Juan Miguel Mendoza acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the completion of the acquisition, the director now owns 132,500 shares in the company, valued at $1,093,125. This represents a 3.92 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Herbalife Trading Down 4.7 %

NYSE HLF opened at $8.50 on Wednesday. The stock has a 50-day simple moving average of $6.73 and a 200 day simple moving average of $7.21. The company has a market capitalization of $859.67 million, a PE ratio of 3.41, a P/E/G ratio of 0.29 and a beta of 1.02. Herbalife Ltd. has a 12 month low of $5.04 and a 12 month high of $12.79.

Herbalife (NYSE:HLF) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.28. Herbalife had a negative return on equity of 20.78% and a net margin of 5.09%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. As a group, sell-side analysts predict that Herbalife Ltd. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating and set a $7.50 price objective on shares of Herbalife in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $9.90.

Herbalife Company 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.