Gamco Investors INC. ET AL cut its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 369,500 shares of the company’s stock after selling 1,700 shares during the period. Gamco Investors INC. ET AL owned approximately 0.36% of The Hain Celestial Group worth $14,344,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HAIN. BlackRock Inc. increased its position in shares of The Hain Celestial Group by 10,665.5% in the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock worth $317,676,000 after buying an additional 8,460,413 shares during the period. Glenview Capital Management LLC acquired a new position in shares of The Hain Celestial Group during the first quarter worth about $102,266,000. FMR LLC increased its position in shares of The Hain Celestial Group by 40.0% in the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock worth $293,851,000 after buying an additional 2,258,735 shares during the period. Engaged Capital LLC acquired a new position in shares of The Hain Celestial Group during the first quarter worth about $70,208,000. Finally, Litespeed Management L.L.C. acquired a new position in shares of The Hain Celestial Group during the first quarter worth about $19,916,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) opened at 42.40 on Monday. The firm’s market cap is $4.40 billion. The company’s 50-day moving average price is $41.96 and its 200-day moving average price is $37.69. The Hain Celestial Group, Inc. has a one year low of $31.01 and a one year high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.52 by $0.19. The business had revenue of $706.56 million for the quarter, compared to the consensus estimate of $721 million. The Hain Celestial Group had a negative net margin of 0.75% and a negative return on equity of 1.09%. On average, 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 of Directors has authorized a stock repurchase plan on Thursday, June 22nd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally 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 “buy” rating to a “strong-buy” rating and set a $42.01 price objective for the company in a research note on Tuesday, May 16th. Zacks Investment Research upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of The Hain Celestial Group in a research note on Friday, May 12th. Susquehanna Bancshares Inc set a $44.00 price objective on The Hain Celestial Group and gave the company a “buy” rating in a research note on Friday, May 19th. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of The Hain Celestial Group in a research note on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. The Hain Celestial Group presently has a consensus rating of “Hold” and an average price target of $41.30.

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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