Prospera Financial Services Inc Takes Position in Herbalife Ltd. (NYSE:HLF)

Prospera Financial Services Inc purchased a new stake in Herbalife Ltd. (NYSE:HLF) during the 3rd quarter, HoldingsChannel reports. The firm purchased 21,412 shares of the company’s stock, valued at approximately $154,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in Herbalife by 11.6% during the second quarter. Renaissance Technologies LLC now owns 6,653,401 shares of the company’s stock worth $69,129,000 after buying an additional 692,800 shares in the last quarter. Baupost Group LLC MA grew its position in Herbalife by 128.3% during the second quarter. Baupost Group LLC MA now owns 5,124,526 shares of the company’s stock worth $53,244,000 after buying an additional 2,879,603 shares in the last quarter. Bank of Montreal Can grew its position in Herbalife by 15.3% during the second quarter. Bank of Montreal Can now owns 3,776,641 shares of the company’s stock worth $41,354,000 after buying an additional 500,876 shares in the last quarter. Long Focus Capital Management LLC grew its position in Herbalife by 11.3% during the second quarter. Long Focus Capital Management LLC now owns 3,202,982 shares of the company’s stock worth $33,279,000 after buying an additional 323,969 shares in the last quarter. Finally, Iridian Asset Management LLC CT grew its position in Herbalife by 43.7% during the third quarter. Iridian Asset Management LLC CT now owns 2,228,193 shares of the company’s stock worth $16,021,000 after buying an additional 677,739 shares in the last quarter.

Herbalife Stock Up 2.5 %

Shares of HLF opened at $8.63 on Tuesday. Herbalife Ltd. has a 12 month low of $6.59 and a 12 month high of $15.66. The company has a 50-day moving average price of $7.42 and a two-hundred day moving average price of $9.20. The stock has a market cap of $869.82 million, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.29 and a beta of 1.17.

Herbalife (NYSE:HLF) last posted its 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. Herbalife had a net margin of 1.73% and a negative return on equity of 18.66%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Equities research analysts expect that Herbalife Ltd. will post 1.51 EPS for the current fiscal year.

Insider Activity

In other news, Director Juan Miguel Mendoza bought 10,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $7.11 per share, for a total transaction of $71,100.00. Following the completion of the purchase, the director now owns 120,000 shares of the company’s stock, valued at approximately $853,200. The trade was a 9.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders bought 15,000 shares of company stock worth $112,275. Insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.