Herbalife Ltd. (NYSE:HLF) is Iridian Asset Management LLC CT’s 9th Largest Position

Iridian Asset Management LLC CT raised its position in shares of Herbalife Ltd. (NYSE:HLF) by 12.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,507,740 shares of the company’s stock after acquiring an additional 279,547 shares during the period. Herbalife makes up 4.5% of Iridian Asset Management LLC CT’s portfolio, making the stock its 9th biggest position. Iridian Asset Management LLC CT’s holdings in Herbalife were worth $16,777,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Herbalife during the fourth quarter valued at about $63,000. Carolina Wealth Advisors LLC purchased a new stake in shares of Herbalife in the third quarter worth about $78,000. Range Financial Group LLC purchased a new stake in shares of Herbalife in the fourth quarter worth about $124,000. SG Americas Securities LLC boosted its position in shares of Herbalife by 83.5% in the fourth quarter. SG Americas Securities LLC now owns 18,884 shares of the company’s stock worth $126,000 after buying an additional 8,591 shares during the period. Finally, Prospera Financial Services Inc purchased a new stake in shares of Herbalife in the third quarter worth about $154,000.

Analyst Ratings Changes

HLF has been the subject of several analyst reports. DA Davidson decreased their target price on Herbalife from $13.00 to $7.50 and set a “neutral” rating for the company in a research report on Thursday, October 31st. B. Riley decreased their target price on Herbalife from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Citigroup decreased their target price on Herbalife from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com raised Herbalife from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Mizuho increased their price target on Herbalife from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.90.

Herbalife Stock Performance

Shares of HLF opened at $5.40 on Friday. The company has a market capitalization of $543.76 million, a P/E ratio of 6.35, a P/E/G ratio of 0.18 and a beta of 1.15. Herbalife Ltd. has a one year low of $5.18 and a one year high of $12.81. The stock has a 50-day moving average price of $6.76 and a 200 day moving average price of $7.68.

About Herbalife

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.