Herbalife Ends Talks to Go Private, Reaches Pact With Icahn

Marco Green
August 21, 2017

On Friday, May 5 the stock rating was maintained by Pivotal Research with "Buy". The company has an average rating of "Buy" and an average price target of $83.00. Tigress Financial reissued a "buy" rating on shares of Herbalife LTD.in a research note on Tuesday, June 6th. BidaskClub upgraded Herbalife LTD. from a "sell" rating to a "hold" rating in a report on Tuesday, August 8th. Cubist Systematic Strategies Ltd Limited Liability Company holds 4,890 shares or 0.02% of its portfolio. Share performance for the month is now at -12.36%. Chicago Equity Ptnrs Ltd Com reported 0.07% in Herbalife Ltd. (NYSE:HLF). About 2.40M shares traded or 116.22% up from the average. The firm has a 50-day moving average price of $68.50 and a 200-day moving average price of $64.45. "We have already acquired during 2017 approximately $299 million of our shares on the open market under our current $1.5 billion share repurchase plan, and we believe this tender offer provides us an efficient way to buy back additional shares at an attractive price". Herbalife Ltd. (NYSE:HLF) has risen 20.65% since August 21, 2016 and is uptrending. Nordea Inv Mngmt Ab reported 1.41M shares or 0.18% of all its holdings. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Herbalife LTD. has a 1-year low of $47.62 and a 1-year high of $74.49. At present, 0 analysts call it Sell, while 4 think it is Hold.

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The stock of Herbalife Ltd. (NYSE:HLF) is a huge mover today!

Several hedge funds and other institutional investors have recently made changes to their positions in HLF.

(+) ARCI, (+139.3%) Swings to Q2 earnings of more than $2 million, or $0.31 per share, from a previous loss of $2.1 million while revenue increases 4.1%. The Manufacturers Life Insurance Company now owns 2,821 shares of the company's stock valued at $201,000 after buying an additional 189 shares during the last quarter. Commerzbank Aktiengesellschaft FI now owns 73,200 shares of the company's stock worth $4,256,000 after buying an additional 1,145 shares in the last quarter. Sei Investments Co. increased its position in shares of Herbalife LTD.by 6.6% in the first quarter.

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