Huber Capital Management Lowers stake in Herbalife Ltd. (HLF)

Herbalife Ltd. (HLF) : Huber Capital Management reduced its stake in Herbalife Ltd. by 9.85% during the most recent quarter end. The investment management company now holds a total of 1,080,331 shares of Herbalife Ltd. which is valued at $65.9 Million after selling 118,020 shares in Herbalife Ltd. , the firm said in a disclosure report filed with the SEC on May 12, 2016.Herbalife Ltd. makes up approximately 2.62% of Huber Capital Management’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in HLF by selling 7,400 shares or 8.63% in the most recent quarter. The Hedge Fund company now holds 78,300 shares of HLF which is valued at $4.8 Million. Herbalife Ltd. makes up approx 0.02% of Canada Pension Plan Investment Board’s portfolio.Teacher Retirement System Of Texas boosted its stake in HLF in the latest quarter, The investment management firm added 2,197 additional shares and now holds a total of 8,536 shares of Herbalife Ltd. which is valued at $520,696.Algert Global boosted its stake in HLF in the latest quarter, The investment management firm added 4,381 additional shares and now holds a total of 14,261 shares of Herbalife Ltd. which is valued at $869,921. Herbalife Ltd. makes up approx 0.34% of Algert Global’s portfolio.Global X Management Co reduced its stake in HLF by selling 203 shares or 28.43% in the most recent quarter. The Hedge Fund company now holds 511 shares of HLF which is valued at $32,510.State Of Wisconsin Investment Board reduced its stake in HLF by selling 2,120 shares or 3.98% in the most recent quarter. The Hedge Fund company now holds 51,096 shares of HLF which is valued at $3.3 Million. Herbalife Ltd. makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.

Herbalife Ltd. opened for trading at $59.6 and hit $60.035 on the upside on Friday, eventually ending the session at $59.98, with a gain of 0.77% or 0.46 points. The heightened volatility saw the trading volume jump to 11,94,324 shares. Company has a market cap of $5,566 M.

On the company’s financial health, Herbalife Ltd. reported $1.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.27 according to the earnings call on May 5, 2016. Analyst had a consensus of $1.09. The company had revenue of $1119.60 million for the quarter, compared to analysts expectations of $1072.37 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.29 EPS.

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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