Baupost Group raised its Herbalife stake by 128.3%, now owning 5.1 million shares, while Q2 earnings of $0.54 per share exceeded estimates.
Baupost Group LLC significantly increased its Herbalife Ltd. stake by 128.3% in Q2, now owning over 5.1 million shares. Other investors like Windacre and Renaissance Technologies also raised their holdings. Herbalife reported Q2 earnings of $0.54 per share, surpassing estimates, with revenue of $1.28 billion. Analysts have mixed ratings on the stock, with price targets ranging from $9.50 to $17.00. The company focuses on health and wellness products globally.
September 21, 2024
3 Articles