AlphaCrest Capital Management LLC grew its position in Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) by 33.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,732 shares of the company's stock after buying an additional 4,669 shares during the period. AlphaCrest Capital Management LLC's holdings in Herbalife Nutrition were worth $569,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of HLF. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Herbalife Nutrition by 3.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,876 shares of the company's stock valued at $732,000 after buying an additional 625 shares in the last quarter. First Republic Investment Management Inc. bought a new stake in shares of Herbalife Nutrition in the 4th quarter valued at about $791,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Herbalife Nutrition in the 4th quarter valued at approximately $262,000. Teacher Retirement System of Texas raised its position in shares of Herbalife Nutrition by 16.2% in the 4th quarter. Teacher Retirement System of Texas now owns 18,809 shares of the company's stock valued at $770,000 after purchasing an additional 2,622 shares during the last quarter. Finally, Paradigm Financial Partners LLC raised its position in shares of Herbalife Nutrition by 495.9% in the 4th quarter. Paradigm Financial Partners LLC now owns 36,820 shares of the company's stock valued at $1,624,000 after purchasing an additional 30,641 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.
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Herbalife Nutrition Trading Down 5.5 %
HLF opened at $24.22 on Wednesday. Herbalife Nutrition Ltd. has a 12-month low of $19.30 and a 12-month high of $54.45. The firm has a market capitalization of $2.61 billion, a PE ratio of 7.76 and a beta of 1.08. The firm has a 50 day moving average of $25.08 and a two-hundred day moving average of $27.63.
Analysts Set New Price Targets
Several equities analysts recently commented on HLF shares. Royal Bank of Canada increased their price objective on shares of Herbalife Nutrition from $13.00 to $14.00 and gave the company a "sector perform" rating in a research report on Thursday, August 11th. Argus lowered shares of Herbalife Nutrition from a "buy" rating to a "hold" rating in a research report on Tuesday, May 17th. StockNews.com raised shares of Herbalife Nutrition from a "hold" rating to a "buy" rating in a research report on Monday, June 13th. Finally, Jefferies Financial Group raised shares of Herbalife Nutrition from a "hold" rating to a "buy" rating and set a $26.00 price objective for the company in a research report on Tuesday, July 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Herbalife Nutrition has an average rating of "Moderate Buy" and an average price target of $36.40.
About Herbalife Nutrition
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Herbalife Nutrition Ltd. offers nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and rest of Asia Pacific. The company provides products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
Further Reading
- Get a free copy of the StockNews.com research report on Herbalife Nutrition (HLF)
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