Advisory Services Network LLC Sells 1,188 Shares of Hain Celestial Group Inc (NASDAQ:HAIN)

Advisory Services Network LLC reduced its holdings in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 42.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,585 shares of the company’s stock after selling 1,188 shares during the quarter. Advisory Services Network LLC’s holdings in Hain Celestial Group were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HAIN. BlackRock Inc. lifted its holdings in Hain Celestial Group by 1.2% during the 4th quarter. BlackRock Inc. now owns 8,063,817 shares of the company’s stock valued at $127,891,000 after purchasing an additional 92,065 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Hain Celestial Group by 14.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 3,645,824 shares of the company’s stock valued at $57,823,000 after purchasing an additional 455,337 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Hain Celestial Group by 9.3% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 3,280,000 shares of the company’s stock valued at $75,834,000 after purchasing an additional 280,000 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Hain Celestial Group by 48.4% during the first quarter. Wells Fargo & Company MN now owns 2,355,935 shares of the company’s stock worth $54,469,000 after buying an additional 768,586 shares in the last quarter. Finally, PGGM Investments lifted its holdings in shares of Hain Celestial Group by 34.4% during the first quarter. PGGM Investments now owns 1,885,297 shares of the company’s stock worth $43,588,000 after buying an additional 483,000 shares in the last quarter. 96.43% of the stock is owned by institutional investors.

Hain Celestial Group stock traded down $0.25 during midday trading on Friday, reaching $20.77. The company’s stock had a trading volume of 532,041 shares, compared to its average volume of 815,070. The firm’s 50-day moving average is $21.12. Hain Celestial Group Inc has a 52 week low of $14.45 and a 52 week high of $30.42. The firm has a market cap of $2.19 billion, a PE ratio of 17.91, a PEG ratio of 12.86 and a beta of 1.37. 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 announced its quarterly earnings results on Thursday, May 9th. The company reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. The firm had revenue of $599.80 million for the quarter, compared to analyst estimates of $597.75 million. Hain Celestial Group had a positive return on equity of 4.51% and a negative net margin of 10.14%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. Research analysts anticipate that Hain Celestial Group Inc will post 0.66 EPS for the current fiscal year.

In other Hain Celestial Group news, insider Engaged Capital Co-Invest Vi-D purchased 667,198 shares of the business’s stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $23.33 per share, for a total transaction of $15,565,729.34. Following the acquisition, the insider now owns 21,577 shares of the company’s stock, valued at $503,391.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glenn W. Welling acquired 1,995,291 shares of the stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of $23.73 per share, with a total value of $47,348,255.43. Following the purchase, the director now directly owns 21,577 shares in the company, valued at $512,022.21. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 6,871,608 shares of company stock worth $161,995,807. 13.50% of the stock is owned by insiders.

HAIN has been the subject of a number of research reports. SunTrust Banks set a $37.00 target price on Yelp and gave the stock a “hold” rating in a report on Friday, May 10th. Citigroup lifted their target price on T. Rowe Price Group from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Zacks Investment Research downgraded W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Evercore ISI initiated coverage on Mondelez International in a report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 target price for the company. Finally, JPMorgan Chase & Co. reissued a “sell” rating on shares of Stratasys in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.75.

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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