Highland Capital Management LP Trims Holdings in Hain Celestial Group Inc (HAIN)
Highland Capital Management LP decreased its position in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 92.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,000 shares of the company’s stock after selling 65,000 shares during the quarter. Highland Capital Management LP’s holdings in Hain Celestial Group were worth $212,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of HAIN. Credit Agricole S A acquired a new position in Hain Celestial Group during the 4th quarter worth $101,000. Calton & Associates Inc. acquired a new position in Hain Celestial Group during the 4th quarter worth $110,000. Stuart Chaussee & Associates Inc. acquired a new position in Hain Celestial Group during the 4th quarter worth $127,000. KBC Group NV lifted its holdings in Hain Celestial Group by 106.9% during the 4th quarter. KBC Group NV now owns 3,752 shares of the company’s stock worth $159,000 after buying an additional 1,939 shares in the last quarter. Finally, First National Trust Co. acquired a new position in Hain Celestial Group during the 3rd quarter worth $201,000. 90.06% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on HAIN shares. Maxim Group reaffirmed a “sell” rating on shares of Hain Celestial Group in a report on Tuesday, December 19th. Zacks Investment Research raised Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. BidaskClub downgraded Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Friday, January 5th. Loop Capital set a $38.00 price target on Hain Celestial Group and gave the company a “hold” rating in a research note on Thursday, December 28th. Finally, Susquehanna Bancshares reissued a “hold” rating and issued a $43.00 price target on shares of Hain Celestial Group in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $41.11.
Hain Celestial Group Inc (NASDAQ:HAIN) opened at $35.53 on Friday. The firm has a market capitalization of $3,692.21, a price-to-earnings ratio of 25.38, a PEG ratio of 1.12 and a beta of 1.14. Hain Celestial Group Inc has a 12 month low of $31.01 and a 12 month high of $45.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.44 and a quick ratio of 1.19.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $775.20 million for the quarter, compared to analyst estimates of $774.50 million. Hain Celestial Group had a return on equity of 8.35% and a net margin of 3.38%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.32 EPS. sell-side analysts forecast that Hain Celestial Group Inc will post 1.66 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.
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