O Shaughnessy Asset Management LLC Lowers Position in Herbalife Nutrition Ltd. (NYSE:HLF)

O Shaughnessy Asset Management LLC decreased its position in Herbalife Nutrition Ltd. (NYSE:HLF) by 11.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,857 shares of the company’s stock after selling 367 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Herbalife Nutrition were worth $151,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in shares of Herbalife Nutrition in the second quarter valued at about $56,000. Gables Capital Management Inc. acquired a new stake in shares of Herbalife Nutrition in the first quarter valued at about $89,000. Captrust Financial Advisors lifted its stake in shares of Herbalife Nutrition by 157.0% in the first quarter. Captrust Financial Advisors now owns 2,159 shares of the company’s stock valued at $96,000 after purchasing an additional 1,319 shares during the period. Islay Capital Management LLC acquired a new position in Herbalife Nutrition during the first quarter worth about $110,000. Finally, Commerce Bank acquired a new position in Herbalife Nutrition during the second quarter worth about $222,000. 90.26% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on HLF. Royal Bank of Canada boosted their price objective on shares of Herbalife Nutrition from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 18th. Zacks Investment Research downgraded shares of Herbalife Nutrition from a “buy” rating to a “hold” rating in a research note on Friday, August 6th. Citigroup decreased their price objective on shares of Herbalife Nutrition from $57.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, September 16th. Jefferies Financial Group initiated coverage on shares of Herbalife Nutrition in a research note on Wednesday, September 15th. They issued a “buy” rating and a $65.00 target price for the company. Finally, B. Riley decreased their target price on shares of Herbalife Nutrition from $70.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, September 15th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $54.00.

Herbalife Nutrition stock opened at $44.14 on Tuesday. The company has a 50-day simple moving average of $49.97 and a 200-day simple moving average of $49.47. The firm has a market capitalization of $5.10 billion, a P/E ratio of 10.34 and a beta of 0.91. Herbalife Nutrition Ltd. has a one year low of $41.31 and a one year high of $59.00.

Herbalife Nutrition (NYSE:HLF) last posted its quarterly earnings data on Tuesday, August 3rd. The company reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.27. Herbalife Nutrition had a net margin of 8.41% and a negative return on equity of 51.15%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. As a group, research analysts expect that Herbalife Nutrition Ltd. will post 4.91 earnings per share for the current year.

In other news, CEO John O. Agwunobi bought 5,000 shares of Herbalife Nutrition stock in a transaction that occurred on Friday, September 17th. The stock was purchased at an average cost of $44.90 per share, with a total value of $224,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John O. Agwunobi purchased 5,200 shares of the business’s stock in a transaction that occurred on Thursday, August 5th. The stock was acquired at an average cost of $48.19 per share, with a total value of $250,588.00. The disclosure for this purchase can be found here. Insiders bought 13,625 shares of company stock valued at $640,166 over the last three months. 1.49% of the stock is owned by insiders.

Herbalife Nutrition Profile

Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.

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Institutional Ownership by Quarter for Herbalife Nutrition (NYSE:HLF)

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