Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) shares were down 3.6% during mid-day trading on Wednesday . The stock traded as low as $23.43 and last traded at $23.44. Approximately 7,904 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,343,586 shares. The stock had previously closed at $24.31.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on HLF shares. Royal Bank of Canada lifted their price objective on shares of Herbalife Nutrition from $13.00 to $14.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 11th. StockNews.com raised shares of Herbalife Nutrition from a "hold" rating to a "buy" rating in a research note on Monday, June 13th. Argus cut shares of Herbalife Nutrition from a "buy" rating to a "hold" rating in a research note on Tuesday, May 17th. Finally, Jefferies Financial Group upgraded shares of Herbalife Nutrition from a "hold" rating to a "buy" rating and set a $26.00 target price for the company in a report on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $36.40.
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Herbalife Nutrition Price Performance
The firm's fifty day simple moving average is $25.61 and its 200 day simple moving average is $26.53. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 7.37 and a beta of 1.08.
Institutional Trading of Herbalife Nutrition
Institutional investors have recently made changes to their positions in the stock. Gladius Capital Management LP boosted its holdings in shares of Herbalife Nutrition by 13.7% during the first quarter. Gladius Capital Management LP now owns 4,998 shares of the company's stock worth $152,000 after purchasing an additional 601 shares during the period. Inspire Advisors LLC acquired a new stake in shares of Herbalife Nutrition during the first quarter worth approximately $364,000. Bank of Nova Scotia acquired a new stake in shares of Herbalife Nutrition during the first quarter worth approximately $7,575,000. Landscape Capital Management L.L.C. boosted its holdings in shares of Herbalife Nutrition by 3.7% during the first quarter. Landscape Capital Management L.L.C. now owns 155,496 shares of the company's stock worth $4,721,000 after purchasing an additional 5,508 shares during the period. Finally, Bayesian Capital Management LP bought a new position in Herbalife Nutrition during the fourth quarter valued at approximately $438,000. 92.32% of the stock is currently owned by institutional investors and hedge funds.
Herbalife Nutrition Company Profile
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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.
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