Highbridge Capital Management LLC bought a new position in Hain Celestial Group Inc (NASDAQ:HAIN) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,673 shares of the company’s stock, valued at approximately $535,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in HAIN. Credit Agricole S A acquired a new position in shares of Hain Celestial Group in the fourth quarter worth about $101,000. Westside Investment Management Inc. boosted its holdings in shares of Hain Celestial Group by 1,500.0% in the fourth quarter. Westside Investment Management Inc. now owns 3,200 shares of the company’s stock worth $131,000 after buying an additional 3,000 shares during the period. KBC Group NV lifted its position in shares of Hain Celestial Group by 106.9% in the fourth quarter. KBC Group NV now owns 3,752 shares of the company’s stock worth $159,000 after purchasing an additional 1,939 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Hain Celestial Group in the first quarter worth approximately $160,000. Finally, AGF Investments Inc. lifted its position in shares of Hain Celestial Group by 113.0% in the first quarter. AGF Investments Inc. now owns 5,845 shares of the company’s stock worth $187,000 after purchasing an additional 3,101 shares in the last quarter. Institutional investors own 88.45% of the company’s stock.
A number of research firms have recently issued reports on HAIN. BidaskClub raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Deutsche Bank began coverage on shares of Hain Celestial Group in a research report on Tuesday, June 5th. They issued a “buy” rating and a $33.00 price target for the company. Susquehanna Bancshares set a $32.00 price target on shares of Hain Celestial Group and gave the stock a “hold” rating in a research report on Monday, May 7th. SunTrust Banks reissued a “hold” rating on shares of Hain Celestial Group in a research report on Thursday, May 10th. Finally, ValuEngine raised shares of Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $36.55.
Shares of Hain Celestial Group opened at $29.74 on Monday, according to MarketBeat. The company has a market cap of $3.22 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 3.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.83 and a current ratio of 2.79. Hain Celestial Group Inc has a twelve month low of $25.41 and a twelve month high of $45.61.
Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). The business had revenue of $632.72 million for the quarter, compared to the consensus estimate of $746.48 million. Hain Celestial Group had a net margin of 2.81% and a return on equity of 8.32%. Hain Celestial Group’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. analysts predict that Hain Celestial Group Inc will post 1.16 earnings per share for the current year.
Hain Celestial Group Company Profile
The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. Its grocery products include infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; 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; Greek-style yogurts; chilies and packaged grains; chocolates; and nut butters, as well as plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut.
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