Allianz Asset Management GmbH cut its position in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 21.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 498,559 shares of the company’s stock after selling 132,373 shares during the quarter. Allianz Asset Management GmbH owned about 0.48% of Hain Celestial Group worth $20,515,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Saratoga Research & Investment Management acquired a new stake in shares of Hain Celestial Group in the third quarter valued at about $124,000. First National Trust Co. acquired a new stake in shares of Hain Celestial Group in the third quarter valued at about $201,000. Oakbrook Investments LLC acquired a new stake in shares of Hain Celestial Group in the third quarter valued at about $202,000. Miles Capital Inc. acquired a new stake in shares of Hain Celestial Group in the second quarter valued at about $201,000. Finally, Virtu KCG Holdings LLC acquired a new stake in shares of Hain Celestial Group in the second quarter valued at about $241,000. Institutional investors own 90.28% of the company’s stock.

HAIN has been the subject of a number of recent analyst reports. Jefferies Group restated a “buy” rating and set a $52.00 price objective on shares of Hain Celestial Group in a research note on Monday, August 28th. Maxim Group restated a “buy” rating and set a $50.00 price objective on shares of Hain Celestial Group in a research note on Tuesday, August 29th. Zacks Investment Research upgraded Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, October 10th. TheStreet lowered Hain Celestial Group from a “b-” rating to a “c” rating in a research note on Tuesday, November 7th. Finally, Susquehanna Bancshares restated a “hold” rating and set a $45.00 price objective on shares of Hain Celestial Group in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.31.

In related news, SVP Michael B. Mcguinness purchased 3,500 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $34.58 per share, with a total value of $121,030.00. Following the acquisition, the senior vice president now owns 55,131 shares in the company, valued at approximately $1,906,429.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Dean Hollis purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was bought at an average cost of $35.27 per share, for a total transaction of $352,700.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $352,700. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 68,500 shares of company stock worth $2,352,730. 12.34% of the stock is currently owned by company insiders.

Hain Celestial Group Inc (NASDAQ HAIN) opened at $41.14 on Tuesday. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. Hain Celestial Group Inc has a 1-year low of $31.01 and a 1-year high of $45.61. The company has a market capitalization of $4,244.04, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 1.75 and a beta of 1.26.

Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Tuesday, November 7th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Hain Celestial Group had a return on equity of 8.03% and a net margin of 2.73%. The firm had revenue of $708.30 million for the quarter, compared to the consensus estimate of $697.39 million. During the same period in the prior year, the business earned $0.14 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. sell-side analysts expect that Hain Celestial Group Inc will post 1.67 earnings per share for the current year.

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About Hain Celestial Group

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.

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

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