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: 000092846416000239. As reported in Carl Icahn’s Icahn Carl C’s form, the filler as of late owns 24.18% or 22,500,000 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 8, 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.
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 2016 Q2. 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.
Aperio Limited Liability Com reported 12,539 shares or 0.01% of all its holdings. First Tru Advisors L P reported 1.02 million shares or 0.19% of all its holdings. Gerstein Fisher owns 43,022 shares or 0.33% of their US portfolio. Commerzbank Aktiengesellschaft Fi holds 0.03% of its portfolio in Herbalife Ltd. (NYSE:HLF) for 74,096 shares. Pacad Investment Ltd last reported 0.29% of its portfolio in the stock. Css Ltd Limited Liability Company Il holds 0% or 600 shares in its portfolio. The Kansas-based Creative Planning has invested 0% in Herbalife Ltd. (NYSE:HLF). Moreover, Fmr Ltd has 0.07% invested in Herbalife Ltd. (NYSE:HLF) for 8.65 million shares. State Street, a Massachusetts-based fund reported 1.10M shares. Financial Architects Inc holds 0.01% of its portfolio in Herbalife Ltd. (NYSE:HLF) for 527 shares. Whittier reported 1,450 shares or 0% of all its holdings. Citigroup Inc accumulated 0.01% or 216,791 shares. Us State Bank De holds 0% of its portfolio in Herbalife Ltd. (NYSE:HLF) for 892 shares. Dekabank Deutsche Girozentrale holds 11,337 shares or 0.01% of its portfolio. Guggenheim Capital Ltd Liability owns 83,765 shares or 0.02% of their US portfolio.
About 1.74 million shares traded hands or 17.57% up from the average. Herbalife Ltd. (NYSE:HLF) has declined 11.12% since April 6, 2016 and is downtrending. It has underperformed by 14.26% the S&P500.
Herbalife Ltd. is a global nutrition company. The company has a market cap of $5.14 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 19.41 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 20.89% above today’s ($55.24) stock price. Herbalife has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 4. The stock has “Buy” rating given by Pivotal Research on Wednesday, November 4. On Friday, August 7 the stock rating was upgraded by Zacks to “Hold”. The rating was initiated by Sterne Agee CRT with “Neutral” on Tuesday, July 21. The company was downgraded on Friday, August 7 by Vetr. The company was downgraded on Monday, August 31 by Vetr. The firm has “Buy” rating by Pivotal Research given on Tuesday, August 4. On Thursday, August 27 the stock rating was maintained by Pivotal Research with “Buy”.
More important recent Herbalife Ltd. (NYSE:HLF) news were published by: Valuewalk.com which released: “John Oliver Roasts MLMs Calls Herbalife” on November 07, 2016, also Valuewalk.com published article titled: “Herbalife Ltd. Shares Slip After Earnings Beat, Net Sales Miss”, Valuewalk.com published: “Herbalife Ltd. (HLF): Never Has An Activist Spend So Much Time And Money …” on October 21, 2016. More interesting news about Herbalife Ltd. (NYSE:HLF) was released by: Schaeffersresearch.com and their article: “Buzz Stocks: Starbucks Corporation, Regeneron Pharmaceuticals Inc, and …” with publication date: November 04, 2016.
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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