IndexIQ Advisors LLC grew its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 412.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,257 shares of the company’s stock after acquiring an additional 9,867 shares during the quarter. IndexIQ Advisors LLC’s holdings in The Hain Celestial Group were worth $505,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in HAIN. Saratoga Research & Investment Management acquired a new stake in The Hain Celestial Group during the third quarter worth about $124,000. Tudor Investment Corp ET AL acquired a new stake in The Hain Celestial Group during the first quarter worth about $201,000. Miles Capital Inc. acquired a new stake in The Hain Celestial Group during the second quarter worth about $201,000. Oakbrook Investments LLC acquired a new stake in The Hain Celestial Group during the third quarter worth about $202,000. Finally, Virtu KCG Holdings LLC acquired a new stake in The Hain Celestial Group during the second quarter worth about $241,000. Institutional investors own 89.04% of the company’s stock.
In related news, Director Richard Dean Hollis acquired 10,000 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $35.27 per share, with a total value of $352,700.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $352,700. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael B. Mcguinness bought 3,500 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average price of $34.58 per share, with a total value of $121,030.00. Following the purchase, the senior vice president now directly owns 55,131 shares of the company’s stock, valued at approximately $1,906,429.98. The disclosure for this purchase can be found here. Insiders bought 68,500 shares of company stock worth $2,352,730 over the last quarter. 12.34% of the stock is currently owned by corporate insiders.
The Hain Celestial Group, Inc. (NASDAQ HAIN) opened at $35.42 on Tuesday. The Hain Celestial Group, Inc. has a 1-year low of $31.01 and a 1-year high of $45.61. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3,703.29, a PE ratio of 27.24, a price-to-earnings-growth ratio of 1.64 and a beta of 1.21.
The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Tuesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The Hain Celestial Group had a net margin of 2.73% and a return on equity of 8.03%. The company had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. During the same quarter last year, the business earned $0.14 earnings per share. The Hain Celestial Group’s quarterly revenue was up 3.9% on a year-over-year basis. equities research analysts anticipate that The Hain Celestial Group, Inc. will post 1.67 EPS for the current year.
Several equities research analysts have recently weighed in on the company. BidaskClub downgraded The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded The Hain Celestial Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Loop Capital reduced their price target on The Hain Celestial Group to $38.00 and set a “hold” rating for the company in a report on Friday. SunTrust Banks, Inc. reissued a “hold” rating and issued a $35.00 price target on shares of The Hain Celestial Group in a report on Friday. Finally, Susquehanna Bancshares Inc downgraded The Hain Celestial Group from a “positive” rating to a “neutral” rating in a report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $41.29.
About The Hain Celestial Group
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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