Oppenheimer & Co. Inc. Cuts Position in Hain Celestial Group Inc (NASDAQ:HAIN)

Oppenheimer & Co. Inc. cut its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 18.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,450 shares of the company’s stock after selling 2,150 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Hain Celestial Group were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of HAIN. Arizona State Retirement System increased its holdings in shares of Hain Celestial Group by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 72,153 shares of the company’s stock worth $2,150,000 after purchasing an additional 1,845 shares in the last quarter. HGK Asset Management Inc. boosted its stake in shares of Hain Celestial Group by 19.4% in the 2nd quarter. HGK Asset Management Inc. now owns 11,872 shares of the company’s stock worth $354,000 after buying an additional 1,930 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. boosted its stake in shares of Hain Celestial Group by 13.3% in the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 17,000 shares of the company’s stock worth $660,000 after buying an additional 2,000 shares during the last quarter. Rand Wealth LLC boosted its stake in shares of Hain Celestial Group by 5.7% in the 2nd quarter. Rand Wealth LLC now owns 37,294 shares of the company’s stock worth $1,111,000 after buying an additional 2,000 shares during the last quarter. Finally, Supplemental Annuity Collective Trust of NJ boosted its stake in shares of Hain Celestial Group by 4.3% in the 3rd quarter. Supplemental Annuity Collective Trust of NJ now owns 48,000 shares of the company’s stock worth $1,302,000 after buying an additional 2,000 shares during the last quarter. Institutional investors own 93.23% of the company’s stock.

Shares of HAIN remained flat at $$20.70 during mid-day trading on Monday. The stock had a trading volume of 1,567,596 shares, compared to its average volume of 1,349,990. The company has a market capitalization of $2.15 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 2.35 and a beta of 1.07. Hain Celestial Group Inc has a 1 year low of $20.30 and a 1 year high of $43.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.37 and a current ratio of 2.32.

Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Thursday, November 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). The business had revenue of $560.88 million for the quarter, compared to the consensus estimate of $588.12 million. Hain Celestial Group had a negative net margin of 1.84% and a positive return on equity of 6.67%. The company’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. As a group, sell-side analysts expect that Hain Celestial Group Inc will post 1.17 EPS for the current year.

HAIN has been the topic of several analyst reports. Loop Capital set a $30.00 target price on Hain Celestial Group and gave the company a “hold” rating in a research report on Wednesday, August 22nd. BidaskClub raised Hain Celestial Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. ValuEngine raised Hain Celestial Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Wells Fargo & Co boosted their price objective on Hain Celestial Group from $27.00 to $28.00 and gave the stock a “market perform” rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research raised Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $30.40.

In other news, insider Mark L. Schiller purchased 45,800 shares of the stock in a transaction that occurred on Monday, November 12th. The stock was purchased at an average price of $22.88 per share, for a total transaction of $1,047,904.00. Following the completion of the acquisition, the insider now owns 124,355 shares of the company’s stock, valued at $2,845,242.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.50% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2018/12/03/oppenheimer-co-inc-cuts-stake-in-hain-celestial-group-inc-hain.html.

Hain Celestial Group 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.

Further Reading: Why do companies issue stock splits?

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

Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply