|Bid||0.00 x 1000|
|Ask||48.71 x 21500|
|Day's Range||48.25 - 51.50|
|52 Week Range||30.35 - 56.74|
|PE Ratio (TTM)||18.88|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Carl Icahn is paring down his investment in Herbalife Nutrition Ltd., locking in profits and cementing a victory over fellow activist William Ackman, who earlier this year bailed on a yearslong Herbalife short campaign that likely lost him hundreds of millions of dollars. Mr. Icahn is selling 10.5 million of his shares, valued at about $550 million, to the company as part of a tender offer, according to people familiar with the transaction. In a Friday filing, Mr. Icahn had disclosed he tendered his stake in the company and that as many as 11.4 million of his shares could have been sold to Herbalife.
Billionaire investor Carl Icahn, who spent years defending Herbalife Nutrition Ltd (HLF.N) against prominent short-seller William Ackman, said on Friday that he has sold some of his shares in the nutrition and weight loss company because the position had become too big for him. Herbalife last year announced plans to buy back $600 million of its own stock as talk mounted that management had considered selling the company to a private equity investor. For months, speculation grew over whether Icahn, who owned 47 million shares and was Herbalife's largest investor, would sell some or even all of his stake.
By Svea Herbst-Bayliss BOSTON (Reuters) - Billionaire investor Carl Icahn, who spent years defending Herbalife Nutrition Ltd against prominent short-seller William Ackman, said on Friday that he has sold some of his shares in the nutrition and weight loss company because the position had become too big for him. Herbalife last year announced plans to buy back $600 million of its own stock as talk mounted that management had considered selling the company to a private equity investor. For months, speculation grew over whether Icahn, who owned 47 million shares and was Herbalife's largest investor, would sell some or even all of his stake.
Herbalife Nutrition Ltd (NYSE: HLF ) fell as much as 7.4 percent Friday after the firm’s largest shareholder pared its six-year long position and third-oldest asset. Icahn Enterprises LP Common Stock (NASDAQ: ...
Herbalife fell 6 percent to $50.46 Friday morning after the billionaire investor said he will sell 11.4 million of his current 45.7 million shares in the company. Since taking his position in Herbalife in 2012 more than $7 billion has been created for shareholders, he said. Icahn has been a public supporter of Herbalife as it battled short-seller Bill Ackman, who claimed it was a pyramid scheme.
Shares of Herbalife Nutrition Ltd. tumbled 7.3% in morning trade Friday, after its largest shareholder, Icahn Enterprises LP disclosed that it was looking to trim its stake. Icahn Enterprises (IEP) said it was tendering up to 11.4 million Herbalife shares, or about a quarter of the 45.7 million shares, or 25.9% of the outstanding shares, it currently owns. Icahn Enterprises first acquired Herbalife shares at the end of 2012.
Among the companies with shares expected to trade actively in Friday's session are Amazon.com, Apple, PayPal, United Continental and Foot Locker.
Carl Icahn is trimming his position in Herbalife for the first time, one of his longest-standing holdings and the genesis of a sharp-tongued battle with activist Bill Ackman. Mr Icahn has held the stake for nearly six years, since late 2012, and his listed vehicle, Icahn Enterprises LP, is the nutrition drinks company’s largest shareholder.
Investors need to pay close attention to Herbalife Nutrition (HLF) stock based on the movements in the options market lately.
The Zacks Analyst Blog Highlights: Herbalife, United Natural, Natural Grocers and Boston Beer
The Organic Trade Association's 2018 Organic Industry Survey shows that sales of organics in the U.S. came in at $49.4 billion last year, up 6.4% from the previous year
The Organic Trade Association’s annual survey of the U.S. food marketplace showed a record $45.2 billion in sales of organics in 2017, up 6.4% from a year earlier. Conventional food sales eked out a 1.1% gain. Some companies, including United Natural Foods and Sprouts, are growing rapidly as consumers prefer healthier and tastier foods.
How far off is Herbalife Nutrition Ltd (NYSE:HLF) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock isRead More...
Billionaire hedge-fund manager Bill Ackman on Thursday called for a breakup of United Technologies Corp. saying the individual businesses are more likely to trade at fair value as independent companies. Earlier this week, Pershing disclosed in a regulatory filing that it had acquired 1.94 million United Tech shares in the first quarter, along with an investment in an as-yet unnamed company.
Activist investor Carl Icahn completely divested his stake of American International Group Inc. while trimming positions in other companies, according to a filing with the Securities and Exchange Commission ...
BEIJING (Reuters) - Chinese Vice President Wang Qishan said on Tuesday the United States and China should increase communication and resolve differences through negotiations, Chinese state TV reported, ...
Herbalife Nutrition (HLF) sustained its growth momentum in 1Q18 and reported strong results. The company’s top line benefited from strong EMEA (Europe, the Middle East, and Africa) and Asia-Pacific market growth, primarily in India and Indonesia. The company returned to growth in its US business, which is a big positive. Going forward, Herbalife’s top line is expected to grow healthily in future quarters, reflecting improved Asia-Pacific and EMEA performance and favorable currency rates. Also, US volumes are expected to improve.
Herbalife Nutrition (HLF) reported stronger-than-expected 1Q18 results on May 3. Its 1Q18 sales of $1.2 billion beat analysts’ expectation and marked a ~7% rise YoY (year-over-year). Earlier, Herbalife projected that its 1Q18 sales would grow -1% to 3%, given its tough YoY comparison in China and softness in Mexico and North America.
Herbalife Nutrition (HLF) stock has followed a strong uptrend due to improving fundamentals. Herbalife rose ~41% in 2017, and 2018 has turned out to be another great year for the stock, which had risen ~64% YTD (year-to-date) as of May 4. Herbalife reported its 1Q18 results on May 3. Given the strong stock run so far this year, activist investor Bill Ackman, who once called Herbalife a pyramid scheme and betted against the stock, exited his short position against Herbalife.
Herbalife Nutrition Ltd. shares traded between slight gains and losses in the extended session Thursday after the nutritional supplements company's quarterly results topped Wall Street estimates. Herbalife shares were last up 1.8% after hours and had been down nearly 3%, following a 0.6% rise to close at $106.25. The company reported first-quarter net income of $82.1 million, or $1.08 a share, compared with $85.2 million, or 98 cents a share, in the year-ago period.