Herbalife Ltd. (HLF) Is More Attractive as It Beats Estimates and Upgrades Outlook Despite Currency Headwinds

How are hedge funds trading Herbalife Ltd. (NYSE:HLF)?

Among the hedge funds tracked by Insider Monkey, Carl Icahn’s Icahn Capital LP held the largest position in Herbalife with around 17 million shares valued at $726.9 million at the end of the first quarter. Followed by Icahn Capital LP is George Soros’ Soros Fund Management with around 3.5 million shares worth $147.4 million. Both investors left their stakes unchanged during the first three months of 2015. On the other hand, William Duhamel’s Route One Investment Company increased its holding by around 146% to 1.8 million shares. Some other hedge funds with similar optimism includes Steven Richman’s East Side Capital (RR Partners) and Joe Huber’s Huber Capital Management.

On the opposide side stands Benjamin A. Smith’s Laurion Capital Management, which sold all its 2.8 million shares during the January – March period.

To sum up, strong second quarter earnings,  coupled with an upgraded full-year guidance, makes this stock attractive. Many analysts also turned bullish on Herbalife by setting higher price targets. In addition, the company enjoys a bullish sentiment from hedge funds. Taking all of this into account, we consider that at the moment Herbalife represents an attractive investment opportunity.

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