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 $161,063,025 after selling 688,327 shares in Herbalife Ltd. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Herbalife Ltd. makes up approximately 20.05% of Indus Capital Partners’s portfolio.

Other Hedge Funds, Including , Bronfman E.l. Rothschild sold out all of its stake in HLF during the most recent quarter. The investment firm sold 5 shares of HLF which is valued $324.Rhumbline Advisers boosted its stake in HLF in the latest quarter, The investment management firm added 6,679 additional shares and now holds a total of 75,154 shares of Herbalife Ltd. which is valued at $4,870,731. Herbalife Ltd. makes up approx 0.01% of Rhumbline Advisers’s portfolio. Pinebridge Investments added HLF to its portfolio by purchasing 21,440 company shares during the most recent quarter which is valued at $1,389,526. Herbalife Ltd. makes up approx 0.07% of Pinebridge Investments’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in HLF in the latest quarter, The investment management firm added 35,452 additional shares and now holds a total of 1,739,757 shares of Herbalife Ltd. which is valued at $112,753,651. Herbalife Ltd. makes up approx 0.02% of Blackrock Institutional Trust Company N.a.’s portfolio.Dekabank Deutsche Girozentrale reduced its stake in HLF by selling 1 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 11,337 shares of HLF which is valued at $760,599. Herbalife Ltd. makes up approx 0.01% of Dekabank Deutsche Girozentrale’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 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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