Herbalife Nutrition (NYSE: HLF) was downgraded from Zacks Investment Research from a “buy” rating to a “hold” rating in a research report released on Friday, Zacks.com reported.

According to Zacks, “Herbalife is a global network marketing company that offers a range of science-based weight management products, nutritional supplements, and personal care products designed to aid in weight loss and a healthy lifestyle.”

Separately, B. Riley began reporting on the shares of Herbalife Nutrition in a report on Tuesday, June 29th. They set a “Buy” rating and a target price of $ 70.00 on the stock.

Herbalife Nutrition Stock traded around $ 0.33 during Friday’s trading hours to hit $ 47.91. 596,708 shares of the stock were traded in hands compared to an average volume of 980,863. The company’s 50-day moving average price is $ 52.14. The stock has a market cap of $ 5.54 billion, a P / E of 11.22, and a beta of 0.93. Herbalife Nutrition has an annual low of $ 43.01 and an annual high of $ 59.00.

Herbalife Nutrition (NYSE: HLF) last released its earnings results on Tuesday, August 3rd. The company reported $ 1.52 EPS for the quarter, beating Zacks’ consensus estimate of $ 1.25 by $ 0.27. Herbalife Nutrition had a negative return on equity of 54.18% and a net margin of 8.41%. On average, research analysts predict that Herbalife Nutrition will post 4.86 EPS for the current year.

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In related news, director John Tartol sold 5,000 shares in the company in a transaction that occurred on Monday, May 24th. The stock was sold at an average price of $ 51.62 for a total transaction of $ 258,100.00. Upon completion of the transaction, the director now owns 303,606 shares of the company valued at approximately $ 15,672,141.72. The transaction was disclosed in a filing with the SEC that can be accessed via this link. Company insiders own 1.49% of the company’s shares.

A number of major investors recently added or reduced their stakes in the company. Route One Investment Company LP increased its stake in Herbalife Nutrition by 20.0% in the first quarter. Route One Investment Company LP now owns 7,494,804 shares in the company valued at $ 332,470,000 after purchasing an additional 1,248,500 shares last quarter. Bronte Capital Management Pty Ltd. increased its stake in Herbalife Nutrition 2.9% in the first quarter. Bronte Capital Management Pty Ltd. now owns 2,120,559 shares in the company valued at $ 94,068,000, after purchasing an additional 59,314 shares last quarter. CAS Investment Partners LLC increased its position in Herbalife Nutrition by 40.1% in the first quarter. CAS Investment Partners LLC now owns 1,996,462 shares in the company valued at $ 88,563,000 after purchasing an additional 571,000 shares last quarter. Altshuler Shaham Ltd increased its stake in Herbalife Nutrition by 22,041.8% in the first quarter. Altshuler Shaham Ltd now owns 1,771,343 shares in the company valued at $ 78,577,000 after purchasing an additional 1,763,343 shares last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Herbalife Nutrition shares by 18.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,194,666 shares in the company valued at $ 52,995,000 after purchasing an additional 188,287 shares last quarter. Institutional investors and hedge funds own 87.34% of the company’s stock.

Herbalife Nutrition company profile

Herbalife Nutrition Ltd. provides nutritional solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa and the Asia-Pacific region. The company offers products in the areas of weight management; targeted nutrition; Energy, exercise and fitness; and external nutrition. It offers weight management products including meal replacement products, protein shakes, drink mixes, weight loss enhancers, and healthy snacks; targeted nutritional products, including functional beverages and foods and supplements that contain herbs, vitamins, minerals and other natural ingredients; external nutritional products such as facial, body and hair care products; and energy, exercise and fitness products, which include NRG tea and energy drink products.

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