Bank of Montreal Can Decreases Stock Position in Hain Celestial Group Inc (NASDAQ:HAIN)

Bank of Montreal Can trimmed its position in Hain Celestial Group Inc (NASDAQ:HAIN) by 49.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,364 shares of the company’s stock after selling 2,318 shares during the quarter. Bank of Montreal Can’s holdings in Hain Celestial Group were worth $55,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Carroll Financial Associates Inc. raised its stake in Hain Celestial Group by 640.0% during the 1st quarter. Carroll Financial Associates Inc. now owns 1,184 shares of the company’s stock worth $27,000 after acquiring an additional 1,024 shares in the last quarter. Parallel Advisors LLC grew its position in Hain Celestial Group by 1,005.0% during the 4th quarter. Parallel Advisors LLC now owns 2,000 shares of the company’s stock worth $31,000 after purchasing an additional 1,819 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Hain Celestial Group by 1,486.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 558,335 shares of the company’s stock worth $35,000 after purchasing an additional 523,131 shares during the last quarter. Advisory Services Network LLC purchased a new position in Hain Celestial Group during the 4th quarter worth $44,000. Finally, NumerixS Investment Technologies Inc purchased a new position in Hain Celestial Group during the 4th quarter worth $54,000. Institutional investors and hedge funds own 96.43% of the company’s stock.

HAIN stock traded down $0.49 during trading on Monday, reaching $21.41. 1,071,500 shares of the company were exchanged, compared to its average volume of 1,683,109. The stock has a market cap of $2.28 billion, a P/E ratio of 18.46, a P/E/G ratio of 16.63 and a beta of 1.37. Hain Celestial Group Inc has a 52-week low of $14.45 and a 52-week high of $31.16. The firm’s 50 day moving average is $21.63. The company has a current ratio of 2.16, a quick ratio of 1.22 and a debt-to-equity ratio of 0.47.

Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $599.80 million for the quarter, compared to the consensus estimate of $597.75 million. Hain Celestial Group had a negative net margin of 10.14% and a positive return on equity of 4.51%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Equities analysts expect that Hain Celestial Group Inc will post 0.66 earnings per share for the current fiscal year.

Several research analysts have issued reports on HAIN shares. BidaskClub raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th. Jefferies Financial Group reissued a “buy” rating and set a $35.00 price objective on shares of Hain Celestial Group in a research report on Friday, March 15th. JPMorgan Chase & Co. downgraded shares of Hain Celestial Group from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $20.00 to $23.00 in a research report on Monday, April 1st. ValuEngine raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Monday, March 11th. Finally, Citigroup raised their price objective on shares of Hain Celestial Group from $21.00 to $25.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. Hain Celestial Group currently has a consensus rating of “Hold” and a consensus price target of $23.75.

In other Hain Celestial Group news, insider Engaged Capital Co-Invest Vi-D bought 712,165 shares of the business’s stock in a transaction on Monday, May 20th. The stock was bought at an average price of $23.27 per share, for a total transaction of $16,572,079.55. Following the completion of the transaction, the insider now owns 21,577 shares in the company, valued at approximately $502,096.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Glenn W. Welling bought 1,995,291 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were acquired at an average price of $23.73 per share, with a total value of $47,348,255.43. Following the transaction, the director now owns 21,577 shares of the company’s stock, valued at approximately $512,022.21. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 6,871,608 shares of company stock valued at $161,995,807. 13.50% of the stock is currently owned by company insiders.

Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; 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; yogurts; chilies; chocolates; and nut butters.

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

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