In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Herbalife Ltd. (NYSE:HLF) reported that Icahn Capital LP has picked up 4,574,465 of common stock as of 2017-03-13.
The acquisition brings the aggregate amount owned by Icahn Capital LP to a total of 4,574,465 representing a 10.0% stake in the company.
For those not familiar with the company, Herbalife Ltd. is a global nutrition company. The Company develops and sells weight management, healthy meals and snacks, sports and fitness, energy and targeted nutritional products, as well as personal care products. The Company’s segments include North America; Mexico; South & Central America; Europe, Middle East, and Africa (EMEA); Asia Pacific, and China. The Company markets and sells over 140 products, encompassing approximately 5,000 stock keeping units (SKUs) globally. Its product categories include Weight Management; Targeted Nutrition; Energy, Sports and Fitness; Outer Nutrition, and Literature, Promotional and Other. The Company’s representative products include Formula 1 Healthy Meal, Herbal Tea Concentrate, Protein Drink Mix, Personalized Protein Powder, Total Control, Prolessa Duo, Protein Bars, Aloe Concentrate, Niteworks, Garden 7 phytonutrient supplement, Best Defense for improved immune system, COQ10 Plus and Herbalife SKIN line.
A glance at Herbalife Ltd. (NYSE:HLF)’s key stats reveals a current market capitalization of 5.01 billion based on 93.08 Million shares outstanding and a price at last close of $53.46 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-10, Icahn picked up 372,324 at a purchase price of $51.35. This brings their total holding to 22,872,324 as of the date of the filing.
On the sell side, the most recent transaction saw Li unload 2,000 shares at a sale price of $56.73. This brings their total holding to 1,600.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Herbalife Ltd. (NYSE:HLF) as things move forward to see if its progress aligns with these transactions.
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