Herbalife Ltd (NYSE:HLF) is Iridian Asset Management LLC CT's 2nd Largest Position

Iridian Asset Management LLC CT raised its position in Herbalife Ltd (NYSE:HLF - Free Report) by 10.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,775,430 shares of the company's stock after acquiring an additional 267,690 shares during the quarter. Herbalife makes up 7.5% of Iridian Asset Management LLC CT's investment portfolio, making the stock its 2nd largest position. Iridian Asset Management LLC CT owned 2.74% of Herbalife worth $23,952,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Herbalife by 777.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,987,490 shares of the company's stock valued at $19,986,000 after buying an additional 2,646,848 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Herbalife by 67.0% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 2,570,226 shares of the company's stock valued at $17,195,000 after buying an additional 1,031,078 shares during the period. Long Focus Capital Management LLC increased its position in shares of Herbalife by 27.3% during the fourth quarter. Long Focus Capital Management LLC now owns 4,758,127 shares of the company's stock valued at $31,832,000 after buying an additional 1,020,127 shares during the period. Vanguard Group Inc. increased its position in shares of Herbalife by 7.5% during the fourth quarter. Vanguard Group Inc. now owns 11,271,417 shares of the company's stock valued at $75,406,000 after buying an additional 785,574 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Herbalife by 83.8% during the fourth quarter. Marshall Wace LLP now owns 1,444,343 shares of the company's stock valued at $9,663,000 after buying an additional 658,536 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HLF shares. DA Davidson raised shares of Herbalife from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $7.50 to $14.00 in a research note on Friday, March 21st. Wall Street Zen raised shares of Herbalife from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Citigroup dropped their price objective on shares of Herbalife from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.50.

Insider Buying and Selling

In other news, Director Juan Miguel Mendoza bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average price of $6.75 per share, with a total value of $33,750.00. Following the completion of the transaction, the director directly owned 166,857 shares of the company's stock, valued at approximately $1,126,284.75. The trade was a 3.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 13,143 shares of company stock worth $90,973 over the last three months. Corporate insiders own 1.73% of the company's stock.

Herbalife Price Performance

NYSE:HLF traded down $0.21 during mid-day trading on Friday, hitting $10.16. 1,428,059 shares of the company's stock were exchanged, compared to its average volume of 2,188,121. The business has a fifty day moving average price of $8.00 and a 200 day moving average price of $7.39. The company has a market cap of $1.03 billion, a PE ratio of 3.71, a P/E/G ratio of 0.30 and a beta of 0.89. Herbalife Ltd has a one year low of $5.04 and a one year high of $12.79.

Herbalife (NYSE:HLF - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Herbalife had a net margin of 5.66% and a negative return on equity of 23.75%. The business's revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. On average, equities analysts forecast that Herbalife Ltd will post 1.57 EPS for the current fiscal year.

Herbalife Company Profile

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.