Norges Bank Takes Position in Herbalife Ltd. (HLF)

Norges Bank acquired a new stake in Herbalife Ltd. (NYSE:HLF) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 814,199 shares of the company’s stock, valued at approximately $39,196,000. Norges Bank owned about 0.98% of Herbalife as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Icahn Carl C increased its stake in Herbalife by 14.7% in the fourth quarter. Icahn Carl C now owns 22,500,000 shares of the company’s stock valued at $1,083,150,000 after buying an additional 2,888,471 shares during the last quarter. Guggenheim Capital LLC increased its stake in Herbalife by 20.5% in the fourth quarter. Guggenheim Capital LLC now owns 96,715 shares of the company’s stock valued at $4,655,000 after buying an additional 16,484 shares during the last quarter. Foresters Investment Management Company Inc. increased its stake in Herbalife by 0.3% in the fourth quarter. Foresters Investment Management Company Inc. now owns 94,800 shares of the company’s stock valued at $4,668,000 after buying an additional 300 shares during the last quarter. Glacier Peak Capital LLC bought a new stake in Herbalife during the fourth quarter valued at approximately $530,000. Finally, Seven Eight Capital LP bought a new stake in Herbalife during the fourth quarter valued at approximately $290,000.

Institutional Ownership by Quarter for Herbalife (NYSE:HLF)

Shares of Herbalife Ltd. (NYSE:HLF) opened at 57.02 on Friday. The firm has a market capitalization of $5.31 billion, a P/E ratio of 18.88 and a beta of 1.70. The stock’s 50 day moving average is $56.95 and its 200 day moving average is $55.89. Herbalife Ltd. has a 1-year low of $47.62 and a 1-year high of $72.22.

Herbalife (NYSE:HLF) last released its earnings results on Thursday, February 23rd. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.03. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. Herbalife had a net margin of 5.40% and a return on equity of 1,018.52%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.19 EPS. Equities analysts predict that Herbalife Ltd. will post $3.96 earnings per share for the current year.

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Several equities research analysts have recently commented on the stock. Citigroup Inc assumed coverage on shares of Herbalife in a research note on Tuesday, March 14th. They set a “neutral” rating and a $58.00 price objective for the company. Zacks Investment Research downgraded shares of Herbalife from a “hold” rating to a “sell” rating in a research note on Monday, February 27th. Finally, Pivotal Research reiterated a “buy” rating and set a $90.00 price objective on shares of Herbalife in a research note on Friday, January 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $69.25.

In other Herbalife news, Director John Tartol sold 2,758 shares of the stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $56.48, for a total transaction of $155,771.84. Following the sale, the director now directly owns 201,486 shares in the company, valued at approximately $11,379,929.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Carl C. Icahn bought 372,324 shares of Herbalife stock in a transaction on Friday, March 10th. The shares were acquired at an average price of $51.35 per share, for a total transaction of $19,118,837.40. The disclosure for this purchase can be found here. 4.91% of the stock is owned by corporate insiders.

Herbalife Company Profile

Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China.

5 Day Chart for NYSE:HLF

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