Herbalife Ltd. (NYSE:HLF) Stake Increased by Iridian Asset Management LLC CT

Iridian Asset Management LLC CT lifted its holdings in Herbalife Ltd. (NYSE:HLF) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,507,740 shares of the company’s stock after buying an additional 279,547 shares during the quarter. Herbalife accounts for 4.5% of Iridian Asset Management LLC CT’s portfolio, making the stock its 9th biggest holding. Iridian Asset Management LLC CT owned 2.49% of Herbalife worth $16,777,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HLF. Perpetual Ltd boosted its stake in shares of Herbalife by 107.1% in the fourth quarter. Perpetual Ltd now owns 966,063 shares of the company’s stock valued at $6,463,000 after buying an additional 499,572 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Herbalife by 20.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,287,600 shares of the company’s stock worth $16,448,000 after purchasing an additional 384,100 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Herbalife by 15.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,539,148 shares of the company’s stock worth $11,066,000 after purchasing an additional 206,530 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Herbalife by 6.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,479,957 shares of the company’s stock worth $17,831,000 after purchasing an additional 160,792 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. raised its holdings in Herbalife by 45.5% during the third quarter. Pekin Hardy Strauss Inc. now owns 496,360 shares of the company’s stock worth $3,569,000 after purchasing an additional 155,157 shares during the last quarter.

Analyst Upgrades and Downgrades

HLF has been the subject of several research reports. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Mizuho lifted their price objective on Herbalife from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. DA Davidson reduced their price objective on Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a report on Thursday, October 31st. Citigroup reduced their price objective on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, B. Riley cut their price target on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $9.90.

Herbalife Stock Down 0.3 %

NYSE HLF opened at $5.40 on Friday. Herbalife Ltd. has a fifty-two week low of $5.18 and a fifty-two week high of $12.81. The stock has a market cap of $543.76 million, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.18 and a beta of 1.15. The business has a fifty day moving average of $6.76 and a 200-day moving average of $7.68.

About Herbalife

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.