Herbalife Ltd. (HLF) : Route One Investment Company scooped up 456,000 additional shares in Herbalife Ltd. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 3,611,328 shares of Herbalife Ltd. which is valued at $234,050,168.Herbalife Ltd. makes up approximately 12.52% of Route One Investment Company’s portfolio.
Other Hedge Funds, Including , Huber Capital Management boosted its stake in HLF in the latest quarter, The investment management firm added 14,612 additional shares and now holds a total of 1,094,943 shares of Herbalife Ltd. which is valued at $70,963,256. Herbalife Ltd. makes up approx 2.74% of Huber Capital Management’s portfolio.Vanguard Group Inc boosted its stake in HLF in the latest quarter, The investment management firm added 688,272 additional shares and now holds a total of 6,044,640 shares of Herbalife Ltd. which is valued at $391,753,118. Herbalife Ltd. makes up approx 0.02% of Vanguard Group Inc’s portfolio.I.g. Investment Management Ltd. reduced its stake in HLF by selling 4,224 shares or 21.74% in the most recent quarter. The Hedge Fund company now holds 15,202 shares of HLF which is valued at $1,019,902.Herndon Capital Management reduced its stake in HLF by selling 9,438 shares or 40.8% in the most recent quarter. The Hedge Fund company now holds 13,696 shares of HLF which is valued at $931,465. Herbalife Ltd. makes up approx 0.03% of Herndon Capital Management’s portfolio.
Herbalife Ltd. opened for trading at $61.77 and hit $63.48 on the upside on Monday, eventually ending the session at $63.3, with a gain of 4.63% or 2.8 points. The heightened volatility saw the trading volume jump to 54,61,978 shares. Company has a market cap of $5,881 M.
On the company’s financial health, Herbalife Ltd. reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.21. The company had revenue of $1201.80 million for the quarter, compared to analysts expectations of $1189.45 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.24 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 Companys 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.