The Hain Celestial Group, Inc. (HAIN) Position Reduced by Columbia Partners L L C Investment Management

Columbia Partners L L C Investment Management lowered its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 59.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,185 shares of the company’s stock after selling 22,500 shares during the period. Columbia Partners L L C Investment Management’s holdings in The Hain Celestial Group were worth $624,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HAIN. Vanguard Group Inc. grew its stake in The Hain Celestial Group by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,339,036 shares of the company’s stock worth $323,722,000 after buying an additional 104,034 shares in the last quarter. Bank of New York Mellon Corp grew its stake in The Hain Celestial Group by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,013,304 shares of the company’s stock worth $78,157,000 after buying an additional 133,141 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in The Hain Celestial Group by 33.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,000,000 shares of the company’s stock worth $77,640,000 after buying an additional 500,000 shares in the last quarter. Schroder Investment Management Group grew its stake in The Hain Celestial Group by 4.5% in the 2nd quarter. Schroder Investment Management Group now owns 1,404,705 shares of the company’s stock worth $50,232,000 after buying an additional 60,443 shares in the last quarter. Finally, Anchor Capital Advisors LLC grew its stake in The Hain Celestial Group by 10.4% in the 3rd quarter. Anchor Capital Advisors LLC now owns 1,151,697 shares of the company’s stock worth $47,392,000 after buying an additional 108,737 shares in the last quarter. 89.04% of the stock is owned by institutional investors.

In other news, Director Richard Dean Hollis purchased 10,000 shares of the 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 directly owns 10,000 shares of the company’s stock, valued at approximately $352,700. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael B. Mcguinness purchased 3,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were purchased at an average price of $34.58 per share, with a total value of $121,030.00. Following the completion of the acquisition, the senior vice president now directly owns 55,131 shares in the company, valued at $1,906,429.98. The disclosure for this purchase can be found here. Insiders have purchased a total of 68,500 shares of company stock valued at $2,352,730 over the last quarter. 12.34% of the stock is currently owned by company insiders.

HAIN has been the subject of a number of research reports. BMO Capital Markets cut shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $48.00 to $44.00 in a research note on Thursday, October 19th. Barclays PLC reissued a “hold” rating and issued a $39.00 price target on shares of The Hain Celestial Group in a research note on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and issued a $52.00 price target on shares of The Hain Celestial Group in a research note on Monday, August 28th. Maxim Group reissued a “buy” rating and issued a $50.00 price target on shares of The Hain Celestial Group in a research note on Tuesday, August 29th. Finally, UBS AG reissued a “sell” rating and issued a $33.00 price target (up previously from $31.00) on shares of The Hain Celestial Group in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The Hain Celestial Group currently has an average rating of “Hold” and an average price target of $41.31.

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The Hain Celestial Group, Inc. (HAIN) traded up $1.35 during trading hours on Friday, reaching $39.84. 3,767,653 shares of the company were exchanged, compared to its average volume of 1,997,586. The Hain Celestial Group, Inc. has a 52 week low of $31.01 and a 52 week high of $45.61. The company has a quick ratio of 1.22, a current ratio of 2.50 and a debt-to-equity ratio of 0.42. The company has a market cap of $4,135.07, a price-to-earnings ratio of 30.41, a P/E/G ratio of 1.71 and a beta of 1.21.

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

The Hain Celestial Group 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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