Laurel Grove Capital LLC lessened its holdings in Hain Celestial Group Inc (NASDAQ:HAIN) by 12.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,630 shares of the company’s stock after selling 4,620 shares during the quarter. Laurel Grove Capital LLC’s holdings in Hain Celestial Group were worth $1,426,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in HAIN. Point72 Asset Management L.P. increased its holdings in Hain Celestial Group by 104.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,752,500 shares of the company’s stock valued at $72,115,000 after buying an additional 894,300 shares during the period. Strs Ohio bought a new stake in Hain Celestial Group in the 3rd quarter valued at $32,144,000. Black Creek Investment Management Inc. bought a new stake in Hain Celestial Group in the 2nd quarter valued at $30,283,000. Eagle Asset Management Inc. bought a new stake in Hain Celestial Group in the 3rd quarter valued at $32,091,000. Finally, Toronto Dominion Bank bought a new stake in Hain Celestial Group in the 2nd quarter valued at $13,584,000. 89.99% of the stock is currently owned by hedge funds and other institutional investors.
Hain Celestial Group Inc (HAIN) opened at $39.59 on Tuesday. The stock has a market cap of $4,085.24, a PE ratio of 52.79, a P/E/G ratio of 1.67 and a beta of 1.25. 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 52-week low of $31.01 and a 52-week high of $45.61.
In other Hain Celestial Group news, SVP Michael B. Mcguinness bought 3,500 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were bought at an average cost of $34.58 per share, for a total transaction of $121,030.00. Following the transaction, 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 through this link. Also, CFO James M. Langrock bought 5,000 shares of the business’s stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $34.40 per share, for a total transaction of $172,000.00. Following the completion of the transaction, the chief financial officer now owns 59,233 shares in the company, valued at approximately $2,037,615.20. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 68,500 shares of company stock worth $2,352,730. 12.34% of the stock is owned by corporate insiders.
Several equities research analysts have issued reports on HAIN shares. Sanford C. Bernstein started coverage on shares of Hain Celestial Group in a report on Friday, October 6th. They issued a “market perform” rating and a $45.00 price target on the stock. Maxim Group reissued a “sell” rating on shares of Hain Celestial Group in a report on Tuesday, December 19th. TheStreet lowered shares of Hain Celestial Group from a “b-” rating to a “c” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of Hain Celestial Group from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Hain Celestial Group in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $41.31.
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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