13GD Coverage: Why Carl Icahn’s Icahn Carl C Reported Big Herbalife Ltd Position?

13GD Coverage: Why Carl Icahn's Icahn Carl C Reported Big Herbalife Ltd Position?

The New Carl Icahn’s Icahn Carl C Holding in Herbalife Ltd

Icahn Carl C filed with the SEC SC 13D/A form for Herbalife Ltd. The form can be accessed here: 000092846416000235. As reported in Carl Icahn’s Icahn Carl C’s form, the filler as of late owns 23.05% or 21,443,931 shares of the Health Care–company.

Herbalife Ltd stake is a new one for the for the hedge fund and it was filed because of activity on November 3, 2016. We feel this shows Carl Icahn’s Icahn Carl C’s positive view for the stock.

The hedge fund is active investor in the Health Care sector. In the manager’s last 13-F, we saw 12% of Carl Icahn’s Icahn Carl C’s US equities portfolio is in this sector.

Herbalife Ltd Institutional Sentiment

Latest Security and Exchange filings show 193 investors own Herbalife Ltd. The institutional ownership in Q3 2015 is high, at 92.75% of the outstanding shares. This is increased by 7682301 the total institutional shares. 86305860 were the shares owned by these institutional investors. In total 28 funds opened new Herbalife Ltd stakes, 70 increased stakes. There were 34 that closed positions and 74 reduced them.

9 managers had the stock in their top Ten. Notable investors are: Indus Capital Partners Llc, Owl Creek Asset Management L.P., Route One Investment Company L.P., Deccan Value Investors L.P., Serengeti Asset Management Lp, Icahn Carl C, Huber Capital Management Llc..

Brian C. Freckmann Lyon Street Capital Llc is an institutional investor bullish on Herbalife Ltd, owning 110326 shares as of Q3 2015 for 4.36% of its portfolio. Vinit Bodas Deccan Value Investors Lp owns 1166953 shares or 10.86% of its portfolio. CT Kamunting Street Capital Management Lp have 14.56% of their stock portfolio for 107100 shares. Further, Ubs Oconnor Llc reported stake worth less than 0.01% of its US stock portfolio. The NY Indus Capital Partners Llc owns 2208975 shares. Herbalife Ltd is 16.09% of the manager’s US portfolio.

Business Profile

Herbalife Ltd. is a global nutrition company. The Company 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 segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China. The Company markets and sells over 140 products, encompassing approximately 5,000 stock keeping units (SKUs) globally. Its product categories include Weight Management; Targeted Nutrition; Energy, Sports and Fitness; Outer Nutrition, and Literature, Promotional and Other. The Company’s representative products include Formula 1 Healthy Meal, Herbal Tea Concentrate, Protein Drink Mix, Personalized Protein Powder, Total Control, Prolessa Duo, Protein Bars, Aloe Concentrate, Niteworks, Garden 7 phytonutrient supplement, Best Defense for improved immune system, COQ10 Plus and Herbalife SKIN line.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Insitutional Activity: The institutional sentiment decreased to 1.29 in Q2 2016. Its down 0.03, from 1.32 in 2016Q1. The ratio worsened, as 23 funds sold all Herbalife Ltd. shares owned while 71 reduced positions. 39 funds bought stakes while 82 increased positions. They now own 87.76 million shares or 3.47% less from 90.91 million shares in 2016Q1.

Gateway Invest Advisers Limited Com has 0.03% invested in the company for 57,761 shares. Moreover, Glob X Mngmt Co Limited Co has 0% invested in Herbalife Ltd. (NYSE:HLF) for 1,210 shares. Amp Invsts last reported 0% of its portfolio in the stock. Tiaa Cref Mngmt Ltd Liability Company reported 541,779 shares or 0.02% of all its holdings. Blackrock Institutional Trust Commerce Na reported 1.74M shares or 0.02% of all its holdings. Kcg Inc has 16,311 shares for 0.02% of their US portfolio. The United Kingdom-based Henderson Gp Public Limited Company has invested 0% in Herbalife Ltd. (NYSE:HLF). Blackrock Investment Mngmt Llc owns 28,856 shares or 0% of their US portfolio. Parametric Associates Limited Liability Corp has 241,354 shares for 0.02% of their US portfolio. The Maryland-based Calvert Investment has invested 0.02% in Herbalife Ltd. (NYSE:HLF). Moreover, Landscape Cap Management Ltd Limited Liability Company has 0.04% invested in Herbalife Ltd. (NYSE:HLF) for 4,694 shares. Dreman Value Management L L C holds 0.02% of its portfolio in Herbalife Ltd. (NYSE:HLF) for 611 shares. New York State Teachers Retirement System has invested 0% of its portfolio in Herbalife Ltd. (NYSE:HLF). Cibc last reported 40,841 shares in the company. Lyon Street Capital Ltd accumulated 1.98% or 59,889 shares.

About 4.38M shares traded hands or 250.40% up from the average. Herbalife Ltd. (NYSE:HLF) has declined 10.51% since April 1, 2016 and is downtrending. It has underperformed by 11.72% the S&P500.

Herbalife Ltd. is a global nutrition company. The company has a market cap of $5.21 billion. The Firm develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. It has a 19.21 P/E ratio. The Company’s divisions include North America; Mexico; South & Central America; Europe, Middle East, and Africa ; Asia Pacific, and China.

Herbalife Ltd. (NYSE:HLF) Ratings Coverage

Out of 3 analysts covering Herbalife (NYSE:HLF), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $100.0 is the highest target while $54.88 is the lowest. The $66.78 average target is 17.69% above today’s ($56.74) stock price. Herbalife has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Pivotal Research with “Buy” on Thursday, August 27. The stock has “Neutral” rating given by Sterne Agee CRT on Tuesday, July 21. On Tuesday, August 4 the stock rating was maintained by Barclays Capital with “Overweight”. Vetr downgraded it to “Buy” rating and $54.88 target price in Friday, August 7 report. Pivotal Research maintained Herbalife Ltd. (NYSE:HLF) on Wednesday, November 4 with “Buy” rating. Vetr downgraded the stock to “Buy” rating in Monday, August 31 report. Zacks upgraded it to “Hold” rating and $67 target price in Friday, August 7 report. The firm has “Buy” rating given on Tuesday, August 4 by Pivotal Research.

More recent Herbalife Ltd. (NYSE:HLF) news were published by: Valuewalk.com which released: “Herbalife Ltd. Shares Slip After Earnings Beat, Net Sales Miss” on November 01, 2016. Also Valuewalk.com published the news titled: “Herbalife Ltd. (HLF): Never Has An Activist Spend So Much Time And Money …” on October 21, 2016. Benzinga.com‘s news article titled: “12 Stocks You Should Be Watching Today” with publication date: November 02, 2016 was also an interesting one.

According to Zacks Investment Research, “Herbalife is a global network marketing company offering a range of science-based weight management products, nutritional supplements and personal care products intended to support weight loss and a healthy lifestyle.”

HLF Company Profile

Herbalife Ltd., incorporated on April 4, 2002, is a global nutrition company. The Firm 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 divisions include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China. The Firm markets and sells over 140 products, encompassing approximately 5,000 stock keeping units (SKUs) globally.

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