Hollencrest Securities Lowers stake in Herbalife Ltd. (HLF)

Herbalife Ltd. (HLF) : Hollencrest Securities reduced its stake in Herbalife Ltd. by 2.51% during the most recent quarter end. The investment management company now holds a total of 16,750 shares of Herbalife Ltd. which is valued at $1 Million after selling 431 shares in Herbalife Ltd. according to a report filed by the company on Apr 5, 2016 with the SEC.Herbalife Ltd. makes up approximately 0.18% of Hollencrest Securities’s portfolio.

On the company’s financial health, Herbalife Ltd. reported $1.19 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.94. The company had revenue of $1098.00 million for the quarter, compared to analysts expectations of $1063.60 million. The company’s revenue was down -3.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.41 EPS.

Herbalife Ltd. closed down -0.86 points or -1.39% at $60.95 with 8,27,292 shares getting traded on Monday. Post opening the session at $61.85, the shares hit an intraday low of $60.82 and an intraday high of $62.27 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Herbalife Ltd. is a holding company. The Company is a global nutrition company that 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 products are often sold as part of a program. The Company categorizes its products into five groups: weight management which includes meal replacement protein shakes drink mixes weight loss enhancers and healthy snacks; targeted nutrition dietary and nutritional supplements containing quality herbs vitamins minerals and other natural ingredients; energy sports & fitness consists of products that support a healthy active lifestyle; outer nutrition consists of facial skin care body care and hair care products and literature promotional and other includes Start-up kits sales tools and educational materials. As of December 31 2014 the Company sold its products in 91 countries.

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