Engineers Gate Manager LP Purchases New Position in Hain Celestial Group (HAIN)

Engineers Gate Manager LP purchased a new position in shares of Hain Celestial Group (NASDAQ:HAIN) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,079 shares of the company’s stock, valued at approximately $291,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Hain Celestial Group by 15.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,571 shares of the company’s stock worth $576,000 after purchasing an additional 1,804 shares during the last quarter. KBC Group NV boosted its stake in shares of Hain Celestial Group by 106.9% during the 4th quarter. KBC Group NV now owns 3,752 shares of the company’s stock worth $159,000 after purchasing an additional 1,939 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Hain Celestial Group by 2.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 94,481 shares of the company’s stock worth $4,005,000 after purchasing an additional 2,238 shares during the last quarter. New Amsterdam Partners LLC NY boosted its stake in shares of Hain Celestial Group by 27.4% during the 4th quarter. New Amsterdam Partners LLC NY now owns 10,928 shares of the company’s stock worth $463,000 after purchasing an additional 2,347 shares during the last quarter. Finally, Credit Agricole S A acquired a new stake in shares of Hain Celestial Group during the 4th quarter worth about $101,000. 89.05% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on HAIN shares. BidaskClub cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Friday, March 23rd. Zacks Investment Research cut shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Susquehanna Bancshares set a $43.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a research report on Monday, February 5th. Jefferies Group reissued a “buy” rating and issued a $40.00 target price on shares of Hain Celestial Group in a research report on Tuesday, April 3rd. Finally, ValuEngine cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.67.

In other news, Director Glenn W. Welling acquired 1,407,543 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were bought at an average price of $34.83 per share, for a total transaction of $49,024,722.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.34% of the company’s stock.

Shares of Hain Celestial Group opened at $26.17 on Friday, MarketBeat.com reports. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 2.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.83 and a current ratio of 2.79. Hain Celestial Group has a fifty-two week low of $25.67 and a fifty-two week high of $45.61.

Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). The business had revenue of $632.72 million for the quarter, compared to analyst estimates of $746.48 million. Hain Celestial Group had a net margin of 2.81% and a return on equity of 8.32%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. equities research analysts anticipate that Hain Celestial Group will post 1.15 earnings per share for the current fiscal year.

About Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.

Institutional Ownership by Quarter for Hain Celestial Group (NASDAQ:HAIN)

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