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Herbalife Nutrition Ltd. (NYSE:HLF) Shares Sold by Arizona State Retirement System

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Arizona State Retirement System cut its stake in Herbalife Nutrition Ltd. (NYSE:HLFGet Rating) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,765 shares of the company’s stock after selling 680 shares during the period. Arizona State Retirement System’s holdings in Herbalife Nutrition were worth $782,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HLF. LSV Asset Management acquired a new stake in shares of Herbalife Nutrition in the fourth quarter worth approximately $426,000. Allspring Global Investments Holdings LLC purchased a new position in Herbalife Nutrition in the fourth quarter valued at approximately $1,346,000. State of New Jersey Common Pension Fund D raised its holdings in Herbalife Nutrition by 26.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 69,452 shares of the company’s stock valued at $2,843,000 after buying an additional 14,604 shares during the period. Illinois Municipal Retirement Fund raised its holdings in Herbalife Nutrition by 28.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 30,477 shares of the company’s stock valued at $1,247,000 after buying an additional 6,728 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Herbalife Nutrition by 23.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,717 shares of the company’s stock valued at $521,000 after buying an additional 2,424 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. B. Riley cut their price target on shares of Herbalife Nutrition from $50.00 to $41.00 in a report on Wednesday, May 4th. StockNews.com upgraded shares of Herbalife Nutrition from a “hold” rating to a “buy” rating in a report on Monday, June 13th. Citigroup dropped their price objective on shares of Herbalife Nutrition from $46.00 to $36.00 in a research note on Wednesday, May 4th. Argus lowered 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 price objective on the stock in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.80.

Herbalife Nutrition Trading Down 1.4 %

Shares of NYSE:HLF opened at $24.21 on Wednesday. The company has a fifty day simple moving average of $22.58 and a 200 day simple moving average of $29.69. The firm has a market cap of $2.62 billion, a PE ratio of 6.49 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 (NYSE:HLFGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.12. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.38 billion. Herbalife Nutrition had a net margin of 7.06% and a negative return on equity of 33.49%. The business’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. As a group, equities research analysts forecast that Herbalife Nutrition Ltd. will post 3.29 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Alan L. Hoffman purchased 4,540 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average price of $21.97 per share, for a total transaction of $99,743.80. Following the completion of the purchase, the executive vice president now owns 57,218 shares in the company, valued at $1,257,079.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Alan L. Hoffman purchased 4,540 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average price of $21.97 per share, for a total transaction of $99,743.80. Following the completion of the purchase, the executive vice president now owns 57,218 shares in the company, valued at $1,257,079.46. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Johnson purchased 5,840 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average price of $22.85 per share, with a total value of $133,444.00. Following the purchase, the director now owns 255,387 shares of the company’s stock, valued at approximately $5,835,592.95. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 63,080 shares of company stock worth $1,372,132. Insiders own 0.66% of the company’s stock.

About Herbalife Nutrition

(Get Rating)

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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