Pekin Singer Strauss Asset Management Has Boosted Its Holding in Herbalife LTD (HLF) as Stock Value Rose

September 12, 2017 - By Peter Erickson

Investors sentiment decreased to 0.82 in Q4 2016. Its down 0.13, from 0.95 in 2016Q3. It worsened, as 50 investors sold HLF shares while 67 reduced holdings. 34 funds opened positions while 62 raised stakes. 96.66 million shares or 9.73% more from 88.09 million shares in 2016Q3 were reported. Fmr Limited Com invested 0.04% of its portfolio in Herbalife Ltd. (NYSE:HLF). 43,115 were accumulated by Blackrock Lc. California Employees Retirement System has 0.02% invested in Herbalife Ltd. (NYSE:HLF). Meeder Asset Mgmt Incorporated holds 0.13% or 28,661 shares in its portfolio. Aviva Public Ltd Co holds 60,359 shares. 22,294 were reported by Aperio Ltd Limited Liability Company. Gru holds 1,742 shares or 0% of its portfolio. 4,488 are owned by Campbell & Inv Adviser Lc. Palisade Limited Liability Company Nj owns 37,950 shares. Invesco Ltd stated it has 0% in Herbalife Ltd. (NYSE:HLF). Cornerstone Cap Mgmt Ltd Liability Corp stated it has 0.03% in Herbalife Ltd. (NYSE:HLF). Capstone Advsrs Lc reported 340,416 shares. Geode Capital Management Limited Liability Corp stated it has 0.01% in Herbalife Ltd. (NYSE:HLF). Lyon Street Capital Limited Liability stated it has 2.43% of its portfolio in Herbalife Ltd. (NYSE:HLF). Ibm Retirement Fund has 0.01% invested in Herbalife Ltd. (NYSE:HLF).

Pekin Singer Strauss Asset Management increased its stake in Herbalife Ltd (HLF) by 62.77% based on its latest 2016Q4 regulatory filing with the SEC. Pekin Singer Strauss Asset Management bought 173,988 shares as the company’s stock rose 17.28% with the market. The institutional investor held 451,169 shares of the other pharmaceuticals company at the end of 2016Q4, valued at $21.72 million, up from 277,181 at the end of the previous reported quarter. Pekin Singer Strauss Asset Management who had been investing in Herbalife Ltd for a number of months, seems to be bullish on the $6.47B market cap company. The stock declined 0.17% or $0.12 reaching $68.89 on the news. About 78,091 shares traded. Herbalife Ltd. (NYSE:HLF) has risen 20.65% since September 12, 2016 and is uptrending. It has outperformed by 3.95% the S&P500.

Pekin Singer Strauss Asset Management, which manages about $1.07 billion and $1.12B US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 548,290 shares to 2,210 shares, valued at $494,000 in 2016Q4, according to the filing. It also reduced its holding in Mosaic Co New (NYSE:MOS) by 163,384 shares in the quarter, leaving it with 323,479 shares, and cut its stake in Equity Comwlth (NYSE:EQC).

More notable recent Herbalife Ltd. (NYSE:HLF) news were published by: Seekingalpha.com which released: “Herbalife’s Tender Offer Today – Desperation Mounts – Sell!” on August 21, 2017, also Seekingalpha.com with their article: “China Pledges To Eradicate Multi-Level Marketing” published on August 17, 2017, Investorplace.com published: “Why Herbalife Ltd. (HLF), JD.Com Inc(ADR) (JD) and Tenet Healthcare Corp (THC …” on August 14, 2017. More interesting news about Herbalife Ltd. (NYSE:HLF) were released by: Investorplace.com and their article: “Will Bill Ackman Admit He’s Wrong About Herbalife Ltd. (HLF) Stock?” published on August 25, 2017 as well as Seekingalpha.com‘s news article titled: “Herbalife: The Frantic Effort to Fill the US Recruitment Gap” with publication date: August 15, 2017.

Herbalife Ltd. (NYSE:HLF) Ratings Coverage

Among 7 analysts covering Herbalife (NYSE:HLF), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Herbalife had 20 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Pivotal Research with “Buy” on Friday, May 5. As per Monday, August 31, the company rating was downgraded by Vetr. On Tuesday, July 21 the stock rating was initiated by Sterne Agee CRT with “Neutral”. Pivotal Research maintained Herbalife Ltd. (NYSE:HLF) on Thursday, August 27 with “Buy” rating. The rating was upgraded by Zacks on Friday, August 7 to “Hold”. The stock of Herbalife Ltd. (NYSE:HLF) has “Buy” rating given on Wednesday, August 2 by Pivotal Research. The stock of Herbalife Ltd. (NYSE:HLF) earned “Overweight” rating by Barclays Capital on Tuesday, August 4. Vetr downgraded it to “Buy” rating and $54.88 target in Friday, August 7 report. Tigress Financial maintained Herbalife Ltd. (NYSE:HLF) on Thursday, August 3 with “Buy” rating. Pivotal Research maintained Herbalife Ltd. (NYSE:HLF) on Tuesday, August 4 with “Buy” rating.

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