Herbalife Nutrition Ltd (NYSE:HLF)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $35.01 and last traded at $35.09, with a volume of 1274614 shares traded. The stock had previously closed at $36.44.
Several analysts have recently weighed in on HLF shares. Zacks Investment Research lowered Herbalife Nutrition from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine raised Herbalife Nutrition from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup decreased their price objective on Herbalife Nutrition from $66.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Pi Financial raised Herbalife Nutrition from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $8.75 to $12.75 in a report on Thursday, August 8th. Finally, Pivotal Research reissued a “buy” rating and set a $65.00 price objective (down previously from $75.00) on shares of Herbalife Nutrition in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $49.25.
The firm has a market cap of $5.34 billion, a P/E ratio of 12.34 and a beta of 0.43. The company has a 50-day moving average of $39.73 and a 200 day moving average of $48.07.
Several institutional investors have recently bought and sold shares of the stock. Phocas Financial Corp. acquired a new stake in shares of Herbalife Nutrition in the 2nd quarter valued at $133,000. United Services Automobile Association grew its stake in shares of Herbalife Nutrition by 433.9% during the second quarter. United Services Automobile Association now owns 86,568 shares of the company’s stock worth $3,702,000 after purchasing an additional 70,355 shares during the period. Voloridge Investment Management LLC grew its stake in shares of Herbalife Nutrition by 702.1% during the second quarter. Voloridge Investment Management LLC now owns 60,960 shares of the company’s stock worth $2,607,000 after purchasing an additional 53,360 shares during the period. Doyle Wealth Management acquired a new stake in shares of Herbalife Nutrition during the second quarter worth $37,000. Finally, UBS Asset Management Americas Inc. grew its stake in shares of Herbalife Nutrition by 5.4% during the second quarter. UBS Asset Management Americas Inc. now owns 163,098 shares of the company’s stock worth $6,974,000 after purchasing an additional 8,383 shares during the period. Institutional investors and hedge funds own 93.72% of the company’s stock.
Herbalife Nutrition Company Profile (NYSE:HLF)
Herbalife Nutrition Ltd. develops and sells nutrition solutions in North America, Mexico, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It provides science-based products in the areas of weight management; targeted nutrition; energy, sports, and fitness; and outer nutrition.
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