Indus Capital Partners Lowers stake in Herbalife Ltd. (HLF)

Herbalife Ltd. (HLF) : Indus Capital Partners reduced its stake in Herbalife Ltd. by 21.69% during the most recent quarter end. The investment management company now holds a total of 2,485,157 shares of Herbalife Ltd. which is valued at $151.6 Million after selling 688,327 shares in Herbalife Ltd. , the firm said in a disclosure report filed with the SEC on May 13, 2016.Herbalife Ltd. makes up approximately 21.82% of Indus Capital Partners’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities reduced its stake in HLF by selling 453,355 shares or 81.09% in the most recent quarter. The Hedge Fund company now holds 105,718 shares of HLF which is valued at $6.4 Million. Herbalife Ltd. makes up approx 0.05% of Sg Americas Securities’s portfolio.Engineers Gate Manager Lp boosted its stake in HLF in the latest quarter, The investment management firm added 8,069 additional shares and now holds a total of 81,474 shares of Herbalife Ltd. which is valued at $5 Million. Herbalife Ltd. makes up approx 0.39% of Engineers Gate Manager Lp’s portfolio. Jensen Investment Management Inc added HLF to its portfolio by purchasing 7,040 company shares during the most recent quarter which is valued at $447,885. Herbalife Ltd. makes up approx 0.01% of Jensen Investment Management Inc’s portfolio.American Century Companies Inc boosted its stake in HLF in the latest quarter, The investment management firm added 65,142 additional shares and now holds a total of 91,606 shares of Herbalife Ltd. which is valued at $5.8 Million. Herbalife Ltd. makes up approx 0.01% of American Century Companies Inc’s portfolio.

Herbalife Ltd. closed down -1.24 points or -2.00% at $60.71 with 17,50,050 shares getting traded on Wednesday. Post opening the session at $61.93, the shares hit an intraday low of $60.52 and an intraday high of $62.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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