Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Herbalife Nutrition Ltd. (NYSE:HLF – Get Rating) by 16.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,692 shares of the company's stock after acquiring an additional 16,509 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.11% of Herbalife Nutrition worth $3,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rhumbline Advisers grew its position in Herbalife Nutrition by 0.6% during the 4th quarter. Rhumbline Advisers now owns 96,744 shares of the company's stock worth $3,960,000 after acquiring an additional 564 shares during the last quarter. Gladius Capital Management LP grew its position in shares of Herbalife Nutrition by 13.7% in the 1st quarter. Gladius Capital Management LP now owns 4,998 shares of the company's stock worth $152,000 after buying an additional 601 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position 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 worth $732,000 after buying an additional 625 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Herbalife Nutrition by 6.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 12,308 shares of the company's stock worth $374,000 after buying an additional 747 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Herbalife Nutrition by 5.1% in the 1st quarter. Teacher Retirement System of Texas now owns 19,767 shares of the company's stock worth $600,000 after buying an additional 958 shares during the last quarter. 92.32% of the stock is currently owned by institutional investors.
Get Herbalife Nutrition alerts:Analyst Ratings Changes
HLF has been the topic of a number of recent analyst reports. StockNews.com upgraded Herbalife Nutrition from a "hold" rating to a "buy" rating in a research report on Monday, June 13th. Jefferies Financial Group upgraded Herbalife Nutrition from a "hold" rating to a "buy" rating and set a $26.00 price objective on the stock in a research report on Tuesday, July 12th. Royal Bank of Canada lifted their price objective on Herbalife Nutrition from $13.00 to $14.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 11th. Finally, Argus lowered Herbalife Nutrition from a "buy" rating to a "hold" rating in a research report on Tuesday, May 17th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $36.40.
Herbalife Nutrition Trading Down 2.7 %
Shares of NYSE:HLF opened at $25.62 on Friday. The stock has a fifty day simple moving average of $25.08 and a two-hundred day simple moving average of $27.63. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 7.76 and a beta of 1.12. Herbalife Nutrition Ltd. has a 12-month low of $19.30 and a 12-month high of $54.45.Herbalife Nutrition 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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