Highland Capital Management LP trimmed its holdings in Hain Celestial Group Inc (NASDAQ:HAIN) by 92.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the company’s stock after selling 65,000 shares during the period. Highland Capital Management LP’s holdings in Hain Celestial Group were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Nationwide Fund Advisors grew its holdings in Hain Celestial Group by 14.8% in the third quarter. Nationwide Fund Advisors now owns 290,125 shares of the company’s stock worth $11,939,000 after purchasing an additional 37,343 shares during the period. Aperio Group LLC increased its stake in shares of Hain Celestial Group by 18.0% in the third quarter. Aperio Group LLC now owns 19,194 shares of the company’s stock worth $790,000 after purchasing an additional 2,925 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Hain Celestial Group in the third quarter worth $419,000. IndexIQ Advisors LLC grew its stake in Hain Celestial Group by 412.8% during the third quarter. IndexIQ Advisors LLC now owns 12,257 shares of the company’s stock valued at $505,000 after acquiring an additional 9,867 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Hain Celestial Group by 0.6% during the third quarter. Principal Financial Group Inc. now owns 441,133 shares of the company’s stock valued at $18,153,000 after acquiring an additional 2,611 shares in the last quarter. Institutional investors and hedge funds own 91.19% of the company’s stock.
Several research firms recently weighed in on HAIN. BidaskClub raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Loop Capital set a $38.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Thursday, December 28th. Zacks Investment Research lowered shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Maxim Group reiterated a “sell” rating on shares of Hain Celestial Group in a report on Tuesday, December 19th. Finally, Susquehanna Bancshares reissued a “hold” rating and set a $43.00 target price on shares of Hain Celestial Group in a research report on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $41.11.
Shares of HAIN stock traded up $0.22 during trading hours on Friday, reaching $34.52. 817,816 shares of the company traded hands, compared to its average volume of 924,384. The firm has a market capitalization of $3,587.25, a PE ratio of 36.72, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. Hain Celestial Group Inc has a 52-week low of $31.01 and a 52-week high of $45.61. The company has a current ratio of 2.44, a quick ratio of 1.19 and a debt-to-equity ratio of 0.41.
Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Wednesday, February 7th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Hain Celestial Group had a return on equity of 8.35% and a net margin of 3.38%. The business had revenue of $775.20 million for the quarter, compared to analysts’ expectations of $774.50 million. During the same quarter last year, the business posted $0.32 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. research analysts predict that Hain Celestial Group Inc will post 1.66 EPS for the current fiscal year.
In other Hain Celestial Group news, Director Glenn W. Welling bought 1,407,543 shares of Hain Celestial Group stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of $34.83 per share, with a total value of $49,024,722.69. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 12.34% of the stock is currently owned by company insiders.
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Hain Celestial Group Profile
The Hain Celestial Group, Inc is an organic and natural products company. The Company and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. The Company’s segments include United States, United Kingdom, Hain Pure Protein and Rest of World.
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