Aristeia Capital Lowers stake in Herbalife Ltd. (HLF)

Herbalife Ltd. (HLF) : Aristeia Capital reduced its stake in Herbalife Ltd. by 18.8% during the most recent quarter end. The investment management company now holds a total of 285,890 shares of Herbalife Ltd. which is valued at $18,528,531 after selling 66,200 shares in Herbalife Ltd. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Herbalife Ltd. makes up approximately 3.92% of Aristeia Capital’s portfolio.

Other Hedge Funds, Including , Putnam Investments sold out all of its stake in HLF during the most recent quarter. The investment firm sold 42,092 shares of HLF which is valued $2,727,983.Route One Investment Company boosted its stake in HLF in the latest quarter, The investment management firm added 456,000 additional shares and now holds a total of 3,611,328 shares of Herbalife Ltd. which is valued at $234,050,168. Herbalife Ltd. makes up approx 12.52% of Route One Investment Company’s portfolio. Convergence Investment Partners added HLF to its portfolio by purchasing 69,216 company shares during the most recent quarter which is valued at $4,485,889. Herbalife Ltd. makes up approx 0.59% of Convergence Investment Partners’s portfolio.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 and hit $61.28 on the upside on Thursday, eventually ending the session at $61.17, with a gain of 0.69% or 0.42 points. The heightened volatility saw the trading volume jump to 9,86,659 shares. Company has a market cap of $5,683 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 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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