NGAM Advisors L.P. cut its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 44.0% during the second quarter, Holdings Channel reports. The institutional investor owned 33,573 shares of the company’s stock after selling 26,347 shares during the period. NGAM Advisors L.P.’s holdings in The Hain Celestial Group were worth $1,303,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in HAIN. AQR Capital Management LLC increased its stake in shares of The Hain Celestial Group by 46.7% in the fourth quarter. AQR Capital Management LLC now owns 13,293 shares of the company’s stock worth $519,000 after buying an additional 4,233 shares in the last quarter. Creative Planning increased its stake in shares of The Hain Celestial Group by 14.0% in the first quarter. Creative Planning now owns 4,852 shares of the company’s stock worth $180,000 after buying an additional 597 shares in the last quarter. Bank of Montreal Can increased its stake in shares of The Hain Celestial Group by 740.5% in the first quarter. Bank of Montreal Can now owns 355,971 shares of the company’s stock worth $13,242,000 after buying an additional 313,621 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of The Hain Celestial Group by 2.9% in the first quarter. Capstone Asset Management Co. now owns 9,482 shares of the company’s stock worth $353,000 after buying an additional 270 shares in the last quarter. Finally, Atria Investments LLC increased its stake in shares of The Hain Celestial Group by 10.2% in the first quarter. Atria Investments LLC now owns 7,879 shares of the company’s stock worth $293,000 after buying an additional 730 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) opened at 43.57 on Wednesday. The company’s 50-day moving average price is $41.32 and its 200-day moving average price is $37.59. The Hain Celestial Group, Inc. has a 12-month low of $31.01 and a 12-month high of $45.61. The firm’s market capitalization is $4.52 billion.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.19. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. The company had revenue of $706.56 million during the quarter, compared to the consensus estimate of $721 million. Analysts anticipate that The Hain Celestial Group, Inc. will post $1.20 EPS for the current year.

The Hain Celestial Group announced that its board has authorized a stock repurchase program on Thursday, June 22nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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HAIN has been the subject of a number of research reports. Vetr upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $38.90 price objective for the company in a research report on Tuesday, April 18th. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of The Hain Celestial Group in a research report on Friday, May 12th. Susquehanna Bancshares Inc set a $45.00 price objective on The Hain Celestial Group and gave the stock a “buy” rating in a research report on Saturday, May 13th. Zacks Investment Research upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of The Hain Celestial Group in a research report on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $41.44.

The Hain Celestial Group Company Profile

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

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