HPM Partners LLC Takes $241,000 Position in Hain Celestial Group Inc (HAIN)

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HPM Partners LLC acquired a new position in Hain Celestial Group Inc (NASDAQ:HAIN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,084 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds have also recently bought and sold shares of HAIN. Millennium Management LLC boosted its holdings in shares of Hain Celestial Group by 498.6% during the 2nd quarter. Millennium Management LLC now owns 294,859 shares of the company’s stock worth $8,787,000 after purchasing an additional 245,601 shares during the last quarter. Omni Partners LLP acquired a new position in shares of Hain Celestial Group during the 2nd quarter worth approximately $3,100,000. Flagship Harbor Advisors LLC acquired a new position in shares of Hain Celestial Group during the 2nd quarter worth approximately $194,000. Bank of America Corp DE boosted its holdings in shares of Hain Celestial Group by 2.9% during the 2nd quarter. Bank of America Corp DE now owns 555,636 shares of the company’s stock worth $16,558,000 after purchasing an additional 15,742 shares during the last quarter. Finally, Proxima Capital Management LLC lifted its holdings in Hain Celestial Group by 146.7% in the second quarter. Proxima Capital Management LLC now owns 493,482 shares of the company’s stock valued at $14,706,000 after acquiring an additional 293,447 shares during the last quarter. Institutional investors own 92.47% of the company’s stock.

Shares of Hain Celestial Group stock traded up $0.05 during trading hours on Friday, reaching $25.25. 1,073,549 shares of the company were exchanged, compared to its average volume of 1,302,414. Hain Celestial Group Inc has a 1 year low of $24.89 and a 1 year high of $44.37. The company has a current ratio of 2.49, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $2.82 billion, a P/E ratio of 21.77, a P/E/G ratio of 2.92 and a beta of 1.14.

Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Tuesday, August 28th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Hain Celestial Group had a return on equity of 7.37% and a net margin of 0.35%. The business had revenue of $619.60 million for the quarter, compared to analyst estimates of $629.25 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. Sell-side analysts predict that Hain Celestial Group Inc will post 1.24 earnings per share for the current year.

A number of research analysts recently commented on the company. ValuEngine cut Hain Celestial Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 18th. BidaskClub upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Piper Jaffray Companies assumed coverage on Hain Celestial Group in a report on Friday. They issued a “hold” rating and a $26.00 price objective on the stock. Maxim Group reiterated a “buy” rating and issued a $40.00 price objective on shares of Hain Celestial Group in a report on Tuesday, August 28th. Finally, Jefferies Financial Group set a $40.00 price objective on Hain Celestial Group and gave the company a “buy” rating in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.53.

About Hain Celestial Group

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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