Iridian Asset Management LLC CT Purchases 677,739 Shares of Herbalife Ltd. (NYSE:HLF)

Iridian Asset Management LLC CT raised its position in shares of Herbalife Ltd. (NYSE:HLF) by 43.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,228,193 shares of the company’s stock after purchasing an additional 677,739 shares during the quarter. Herbalife accounts for approximately 3.4% of Iridian Asset Management LLC CT’s holdings, making the stock its 12th biggest position. Iridian Asset Management LLC CT owned about 2.23% of Herbalife worth $16,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HLF. GAMMA Investing LLC lifted its position in Herbalife by 465.3% during the second quarter. GAMMA Investing LLC now owns 3,533 shares of the company’s stock valued at $37,000 after purchasing an additional 2,908 shares in the last quarter. nVerses Capital LLC lifted its position in shares of Herbalife by 240.0% during the 2nd quarter. nVerses Capital LLC now owns 5,100 shares of the company’s stock valued at $53,000 after buying an additional 3,600 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Herbalife by 22.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,558 shares of the company’s stock valued at $56,000 after acquiring an additional 1,035 shares during the period. Carolina Wealth Advisors LLC purchased a new stake in Herbalife in the 3rd quarter worth approximately $78,000. Finally, Van ECK Associates Corp increased its holdings in Herbalife by 10.3% in the 2nd quarter. Van ECK Associates Corp now owns 8,684 shares of the company’s stock worth $90,000 after acquiring an additional 808 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. B. Riley upped their price target on shares of Herbalife from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup dropped their target price on shares of Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. DA Davidson raised their price target on Herbalife from $9.50 to $13.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com downgraded Herbalife from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.50.

Insider Transactions at Herbalife

In other Herbalife news, Director Juan Miguel Mendoza purchased 10,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average price of $7.11 per share, with a total value of $71,100.00. Following the acquisition, the director now owns 120,000 shares in the company, valued at approximately $853,200. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.94% of the company’s stock.

Herbalife Trading Down 1.8 %

Shares of Herbalife stock opened at $6.84 on Thursday. Herbalife Ltd. has a 12 month low of $6.59 and a 12 month high of $15.66. The stock has a 50 day moving average of $7.38 and a 200 day moving average of $9.32. The firm has a market cap of $688.41 million, a PE ratio of 8.34, a PEG ratio of 0.26 and a beta of 1.19.

Herbalife (NYSE:HLF) last posted its earnings results on Wednesday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.38. Herbalife had a net margin of 1.63% and a negative return on equity of 18.69%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, equities research analysts forecast that Herbalife Ltd. will post 1.34 earnings per share for the current fiscal year.

Herbalife Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.