Wed Sep 25 07:53:10 UTC 2024: ## Victory Capital Sells Off Herbalife Shares, Other Funds Adjust Positions

**New York, NY (MarketBeat News)** – Victory Capital Management Inc. reduced its holdings in Herbalife Ltd. (NYSE: HLF) by 42.3% in the second quarter, according to a recent report by HoldingsChannel.com. The firm now owns 12,486 shares of the company, valued at $130,000.

Meanwhile, other hedge funds have been making changes to their Herbalife holdings. GSA Capital Partners LLP significantly increased its position by 523.6% in the fourth quarter, now owning 177,281 shares worth $2,705,000. Russell Investments Group Ltd. also boosted its stake by 5,249.2% in the first quarter, now owning 138,599 shares worth $1,390,000. Hotchkis & Wiley Capital Management LLC and Price T Rowe Associates Inc. MD also increased their holdings, while Capstone Investment Advisors LLC bought a new position in the first quarter.

Herbalife’s stock opened at $7.60 on Wednesday. The company’s twelve-month low is $6.68, while the twelve-month high is $15.71.

In other Herbalife news, director Juan Miguel Mendoza purchased 10,000 shares of the stock on September 9th at an average price of $7.11 per share, bringing his total holdings to 120,000 shares valued at $853,200.

Herbalife recently reported earnings per share of $0.54 for the quarter ending July 31st, exceeding analyst expectations. However, the company’s revenue fell short of estimates and decreased compared to the same period last year.

Analysts expect Herbalife to post earnings of $1.34 per share for the current fiscal year.

**Disclaimer:** This news article is based on information publicly available on the date of publication. It is intended for informational purposes only and does not constitute financial advice. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.

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