As Verastem (VSTM) Stock Rose, Bvf Has Raised Its Holding; Indus Capital Partners Lifted Its Holding in Herbalife LTD (HLF) as Stock Rose

August 12, 2018 - By Victoria Pittman

Herbalife Nutrition Ltd. (NYSE:HLF) Logo

Indus Capital Partners Llc increased its stake in Herbalife Ltd (HLF) by 60.94% based on its latest 2018Q1 regulatory filing with the SEC. Indus Capital Partners Llc bought 95,425 shares as the company’s stock rose 12.86% while stock markets declined. The hedge fund held 252,025 shares of the other pharmaceuticals company at the end of 2018Q1, valued at $24.57M, up from 156,600 at the end of the previous reported quarter. Indus Capital Partners Llc who had been investing in Herbalife Ltd for a number of months, seems to be bullish on the $8.45B market cap company. The stock decreased 1.88% or $1.1 during the last trading session, reaching $57.45. About 1.56 million shares traded. Herbalife Nutrition Ltd. (NYSE:HLF) has risen 36.43% since August 12, 2017 and is uptrending. It has outperformed by 23.86% the S&P500. Some Historical HLF News: 16/05/2018 – HERBALIFE NUTRITION LTD – CASH PURCHASE PRICE IN TENDER OFFER SHALL NOT BE GREATER THAN $54.00 NOR LESS THAN $49.00 PER SHARE; 25/05/2018 – Icahn to Sell Quarter of His Stake in Herbalife in Re-Balancing; 25/04/2018 – Herbalife Richard P. Bermingham, Pedro Cardoso and Keith Cozza Stepping Down; 21/03/2018 – HERBALIFE REPORTS PRICING OF $550M OF CONV SR NOTE OFFERING; 24/04/2018 – HERBALIFE REPORTS STRATEGIC NAME CHANGE TO HERBALIFE NUTRITION; 18/05/2018 – S&P REVISES HERBALIFE NUTRITION LTD. OUTLOOK TO ‘STABLE’ FROM ‘NEGATIVE’; RATING ‘B+’; 03/05/2018 – Herbalife Nutrition 1Q Adj EPS $1.13; 25/05/2018 – Herbalife Nutrition Announces Preliminary Results of Self-Tender Offer; 25/05/2018 – Icahn Enterprises: Herbalife Investment Has Become Outsized Position; 25/05/2018 – Carl C. Icahn Issues Statement Regarding Herbalife

Bvf Inc increased its stake in Verastem Inc (VSTM) by 21.64% based on its latest 2018Q1 regulatory filing with the SEC. Bvf Inc bought 487,000 shares as the company’s stock rose 67.60% while stock markets declined. The hedge fund held 2.74 million shares of the health care company at the end of 2018Q1, valued at $8.16M, up from 2.25 million at the end of the previous reported quarter. Bvf Inc who had been investing in Verastem Inc for a number of months, seems to be bullish on the $598.94 million market cap company. The stock decreased 6.11% or $0.53 during the last trading session, reaching $8.14. About 3.45M shares traded or 22.01% up from the average. Verastem, Inc. (NASDAQ:VSTM) has risen 127.00% since August 12, 2017 and is uptrending. It has outperformed by 114.43% the S&P500. Some Historical VSTM News: 09/04/2018 – Verastem: FDA Accepts New Drug Application for Duvelisib and Grants Priority Review; 13/03/2018 – Verastem Expects to Have Sufficient Cash, Cash Equivalents and Investments to Fund Operating Plan and Cap Expenditure Requirements Into the 2H of 2018; 17/05/2018 – Verastem Oncology to Present Duvelisib Data at EHA 2018 Annual Meeting; 15/05/2018 – Verastem Forms Golden Cross: Technicals; 23/04/2018 – Verastem to Host Analyst and Investor Day on May 2, 2018; 03/05/2018 – VERASTEM INC VSTM.O – EXPECTS TO HAVE SUFFICIENT CASH AND CASH EQUIVALENTS TO FUND OPERATIONS INTO 2019; 13/03/2018 – VERASTEM – EXPECTS TO HAVE SUFFICIENT CASH, CASH EQUIVALENTS AND INVESTMENTS TO FUND CURRENT OPER PLAN AND CAPEX REQUIREMENTS INTO H2 2018; 13/03/2018 – Verastem FY17 Loss $67.8M; 16/05/2018 – Verastem Oncology to Present Data on Two Lead Drug Candidates at ASCO 2018 Annual Meeting; 13/03/2018 – Verastem Had Cash, Cash Equivalents and Investments of $86.7M at Dec. 31

Bvf Inc, which manages about $999.89 million and $986.48M US Long portfolio, decreased its stake in Xenon Pharmaceuticals Inc by 2.87 million shares to 720,830 shares, valued at $3.53 million in 2018Q1, according to the filing. It also reduced its holding in Sunesis Pharmaceuticals Inc by 358,560 shares in the quarter, leaving it with 1.68M shares, and cut its stake in Blueprint Medicines Corp.

More news for Verastem, Inc. (NASDAQ:VSTM) were recently published by: Nasdaq.com, which released: “Here’s Why Verastem Jumped Higher Today” on August 09, 2018. Businesswire.com‘s article titled: “Verastem Oncology Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4)” and published on August 08, 2018 is yet another important article.

Among 13 analysts covering Verastem (NASDAQ:VSTM), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Verastem had 35 analyst reports since September 9, 2015 according to SRatingsIntel. The stock has “Buy” rating by Roth Capital on Thursday, November 30. Oppenheimer maintained Verastem, Inc. (NASDAQ:VSTM) on Monday, June 26 with “Buy” rating. The rating was downgraded by TH Capital to “Neutral” on Monday, September 28. The rating was downgraded by JMP Securities to “Mkt Perform” on Tuesday, September 29. The firm has “Hold” rating given on Tuesday, September 29 by Cantor Fitzgerald. Oppenheimer maintained it with “Buy” rating and $600 target in Tuesday, July 25 report. On Thursday, June 8 the stock rating was maintained by Cantor Fitzgerald with “Hold”. As per Monday, September 28, the company rating was downgraded by Mizuho. The firm earned “Buy” rating on Monday, September 25 by Cantor Fitzgerald. On Thursday, March 8 the stock rating was initiated by FBR Capital with “Buy”.

Investors sentiment decreased to 1.16 in Q1 2018. Its down 0.37, from 1.53 in 2017Q4. It dived, as 14 investors sold VSTM shares while 17 reduced holdings. 10 funds opened positions while 26 raised stakes. 13.46 million shares or 10.46% less from 15.03 million shares in 2017Q4 were reported. Stifel Financial stated it has 354,130 shares or 0% of all its holdings. The Massachusetts-based Panagora Asset has invested 0% in Verastem, Inc. (NASDAQ:VSTM). Fmr Ltd Com holds 154,879 shares. Private Capital Advsr invested in 188,447 shares or 0.19% of the stock. Raymond James invested in 18,709 shares or 0% of the stock. Creative Planning has 45,000 shares for 0% of their portfolio. Vanguard Grp Inc Incorporated Inc reported 1.85M shares or 0% of all its holdings. Susquehanna Grp Incorporated Limited Liability Partnership accumulated 0% or 163,762 shares. Hartford Finance Mngmt holds 0% of its portfolio in Verastem, Inc. (NASDAQ:VSTM) for 2,000 shares. 279,154 are held by Gsa Cap Ptnrs Llp. Kennedy Capital Mngmt Incorporated has 185,440 shares. Renaissance Technologies Ltd Llc, New York-based fund reported 1.36M shares. Victory Cap Management stated it has 273,810 shares. Qs Invsts Ltd Liability Com holds 0% of its portfolio in Verastem, Inc. (NASDAQ:VSTM) for 2,169 shares. Invesco Ltd has invested 0% in Verastem, Inc. (NASDAQ:VSTM).

Among 7 analysts covering Herbalife (NYSE:HLF), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Herbalife had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Herbalife Nutrition Ltd. (NYSE:HLF) earned “Buy” rating by Pivotal Research on Monday, June 5. On Tuesday, October 3 the stock rating was maintained by Citigroup with “Neutral”. Zacks upgraded it to “Hold” rating and $67 target in Friday, August 7 report. Pivotal Research maintained it with “Buy” rating and $100.0 target in Thursday, August 27 report. Vetr downgraded it to “Buy” rating and $54.88 target in Friday, August 7 report. The stock of Herbalife Nutrition Ltd. (NYSE:HLF) has “Neutral” rating given on Tuesday, July 21 by Sterne Agee CRT. The firm earned “Overweight” rating on Tuesday, August 4 by Barclays Capital. The firm earned “Buy” rating on Friday, May 5 by Pivotal Research. Citigroup maintained Herbalife Nutrition Ltd. (NYSE:HLF) on Thursday, February 22 with “Neutral” rating. Pivotal Research maintained Herbalife Nutrition Ltd. (NYSE:HLF) rating on Tuesday, August 4. Pivotal Research has “Buy” rating and $90 target.

More recent Herbalife Nutrition Ltd. (NYSE:HLF) news were published by: Seekingalpha.com which released: “Herbalife Nutrition launches Herbalife24 ACHIEVE Protein Bar” on August 02, 2018. Also Tucson.com published the news titled: “Herbalife Nutrition Announces National Partnership with the League of United Latin American Citizens (LULAC)” on July 16, 2018. Seekingalpha.com‘s news article titled: “Pershing Square Holdings reports YTD net return of 12.7%” with publication date: August 09, 2018 was also an interesting one.

Indus Capital Partners Llc, which manages about $7.51 billion and $881.50 million US Long portfolio, decreased its stake in Micron Technology Inc (NASDAQ:MU) by 20,000 shares to 220,000 shares, valued at $11.47 million in 2018Q1, according to the filing. It also reduced its holding in Rise Ed Cayman Ltd by 232,832 shares in the quarter, leaving it with 633,015 shares, and cut its stake in Despegar Com Corp.

Investors sentiment increased to 0.85 in 2018 Q1. Its up 0.06, from 0.79 in 2017Q4. It is positive, as 29 investors sold HLF shares while 67 reduced holdings. 34 funds opened positions while 48 raised stakes. 78.80 million shares or 6.90% less from 84.64 million shares in 2017Q4 were reported. Prudential Fincl Inc holds 0% of its portfolio in Herbalife Nutrition Ltd. (NYSE:HLF) for 4,441 shares. Eagle Boston Mgmt accumulated 118,745 shares or 1.15% of the stock. Renaissance Techs Ltd Limited Liability Company holds 1.21 million shares. Convergence Ptnrs Limited Com invested in 61 shares. 18,000 were accumulated by Lyon Street Limited Liability Company. Gideon Capital Advisors accumulated 5,014 shares or 0.3% of the stock. Metropolitan Life Communications New York has 0% invested in Herbalife Nutrition Ltd. (NYSE:HLF) for 4,791 shares. New York-based Bnp Paribas Arbitrage Sa has invested 0% in Herbalife Nutrition Ltd. (NYSE:HLF). Automobile Association holds 0% or 9,837 shares. Hsbc Public Limited stated it has 10,048 shares. Bancshares Of Montreal Can reported 559,908 shares. Nomura has 0% invested in Herbalife Nutrition Ltd. (NYSE:HLF). Earnest Prtn Ltd Com holds 0% or 38 shares in its portfolio. California-based Aperio Gp Inc Lc has invested 0.02% in Herbalife Nutrition Ltd. (NYSE:HLF). Parametric Port Assoc Ltd Liability Company reported 0.02% of its portfolio in Herbalife Nutrition Ltd. (NYSE:HLF).

Verastem, Inc. (NASDAQ:VSTM) Institutional Positions Chart

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