Aristeia Capital Raised Stake in Herbalife LTD (HLF) by $14.01 Million as Valuation Rose; Redwood Capital Management Has Lifted Its Qualcomm (QCOM) Position by $2.04 Million

February 20, 2018 - By Adrian Erickson

Jonathan Kolatch increased its stake in Qualcomm Inc (QCOM) by 11.35% based on its latest 2017Q3 regulatory filing with the SEC. Redwood Capital Management Llc bought 40,000 shares as the company’s stock rose 2.14% with the market. The hedge fund run by Jonathan Kolatch held 392,430 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $20.34M, up from 352,430 at the end of the previous reported quarter. Redwood Capital Management Llc who had been investing in Qualcomm Inc for a number of months, seems to be bullish on the $96.00 billion market cap company. The stock decreased 0.66% or $0.43 during the last trading session, reaching $64.85. About 11.76M shares traded or 8.50% up from the average. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since February 20, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Robert Henry Lynch increased its stake in Herbalife Ltd (HLF) by 399.73% based on its latest 2017Q3 regulatory filing with the SEC. Aristeia Capital Llc bought 209,082 shares as the company’s stock rose 17.28% with the market. The hedge fund run by Robert Henry Lynch held 261,388 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $17.73 million, up from 52,306 at the end of the previous reported quarter. Aristeia Capital Llc who had been investing in Herbalife Ltd for a number of months, seems to be bullish on the $6.92 billion market cap company. The stock decreased 0.19% or $0.16 during the last trading session, reaching $83.72. About 776,965 shares traded. Herbalife Ltd. (NYSE:HLF) has risen 20.65% since February 20, 2017 and is uptrending. It has outperformed by 3.95% the S&P500.

Aristeia Capital Llc, which manages about $6.79 billion and $2.56B US Long portfolio, decreased its stake in Tesla Inc (Prn) by 27.00 million shares to 48.88M shares, valued at $60.08 million in 2017Q3, according to the filing. It also reduced its holding in Microchip Technology Inc (Prn) by 17.50M shares in the quarter, leaving it with 73.93 million shares, and cut its stake in Unisys Corp (Prn).

Among 7 analysts covering Herbalife (NYSE:HLF), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Herbalife had 22 analyst reports since August 6, 2015 according to SRatingsIntel. As per Tuesday, August 4, the company rating was maintained by Pivotal Research. The stock of Herbalife Ltd. (NYSE:HLF) earned “Buy” rating by Pivotal Research on Wednesday, July 19. The stock has “Buy” rating by Pivotal Research on Wednesday, August 2. As per Monday, June 5, the company rating was maintained by Pivotal Research. The firm has “Overweight” rating by Barclays Capital given on Tuesday, August 4. On Wednesday, November 4 the stock rating was maintained by Pivotal Research with “Buy”. The company was maintained on Thursday, August 3 by Tigress Financial. The stock has “Buy” rating by Vetr on Friday, August 7. The firm has “Neutral” rating by Sterne Agee CRT given on Tuesday, July 21. The stock has “Hold” rating by SunTrust on Thursday, January 25.

Investors sentiment increased to 0.89 in 2017 Q3. Its up 0.10, from 0.79 in 2017Q2. It improved, as 37 investors sold HLF shares while 56 reduced holdings. 30 funds opened positions while 53 raised stakes. 95.88 million shares or 1.95% less from 97.79 million shares in 2017Q2 were reported. Spark Management Limited reported 0.36% of its portfolio in Herbalife Ltd. (NYSE:HLF). 4,815 are held by Magnetar Ltd Limited Liability Company. Pnc Fincl Services Grp Inc accumulated 1,430 shares or 0% of the stock. Peak6 Invs Limited Partnership has 1,139 shares. Qs Ltd Llc holds 4,845 shares. Panagora Asset Mngmt owns 5,436 shares. X Management Ltd Liability Corporation holds 0.03% or 15,984 shares in its portfolio. Huber Limited Liability reported 307,935 shares. University Of Notre Dame Du Lac reported 76,216 shares. Florida-based Dreman Value Management L L C has invested 0% in Herbalife Ltd. (NYSE:HLF). Invsts invested in 0% or 275,000 shares. Hightower Ltd Liability Corporation holds 0% or 98 shares in its portfolio. Serengeti Asset Management Lp has 400,000 shares for 4.65% of their portfolio. Bbva Compass Bancorp reported 0.03% of its portfolio in Herbalife Ltd. (NYSE:HLF). 47,115 are held by Gateway Investment Advisers Ltd Liability Company.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 16 have Buy rating, 1 Sell and 19 Hold. Therefore 44% are positive. Qualcomm Inc. had 133 analyst reports since July 23, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $86.0 target in Tuesday, January 16 report. The rating was upgraded by JP Morgan to “Overweight” on Thursday, December 17. Stifel Nicolaus maintained QUALCOMM Incorporated (NASDAQ:QCOM) rating on Thursday, January 26. Stifel Nicolaus has “Buy” rating and $65 target. Northland Capital maintained it with “Hold” rating and $62.5000 target in Tuesday, August 1 report. The firm earned “Hold” rating on Tuesday, February 13 by Charter Equity. Canaccord Genuity maintained the shares of QCOM in report on Monday, June 26 with “Buy” rating. The company was maintained on Thursday, July 20 by Nomura. The company was maintained on Friday, September 29 by RBC Capital Markets. The rating was maintained by Mizuho on Thursday, January 14 with “Neutral”. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Neutral” rating given on Friday, November 3 by Citigroup.

Redwood Capital Management Llc, which manages about $7.54B and $978.31M US Long portfolio, decreased its stake in Adient Plc by 20,000 shares to 80,000 shares, valued at $6.72M in 2017Q3, according to the filing.

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