ProShare Advisors LLC Has $298,000 Position in The Hain Celestial Group, Inc. (HAIN)

ProShare Advisors LLC cut its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 16.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,672 shares of the company’s stock after selling 1,488 shares during the quarter. ProShare Advisors LLC’s holdings in The Hain Celestial Group were worth $298,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of HAIN. Karp Capital Management Corp purchased a new stake in shares of The Hain Celestial Group in the first quarter valued at approximately $895,000. Parametric Portfolio Associates LLC boosted its stake in shares of The Hain Celestial Group by 4.4% in the first quarter. Parametric Portfolio Associates LLC now owns 185,076 shares of the company’s stock valued at $6,885,000 after buying an additional 7,865 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of The Hain Celestial Group by 226.3% in the first quarter. JPMorgan Chase & Co. now owns 160,979 shares of the company’s stock valued at $5,987,000 after buying an additional 111,639 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of The Hain Celestial Group by 295.6% in the first quarter. Prudential Financial Inc. now owns 271,070 shares of the company’s stock valued at $10,083,000 after buying an additional 202,550 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in shares of The Hain Celestial Group by 33.3% in the first quarter. Stifel Financial Corp now owns 21,369 shares of the company’s stock valued at $792,000 after buying an additional 5,336 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “ProShare Advisors LLC Has $298,000 Position in The Hain Celestial Group, Inc. (HAIN)” was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.com-unik.info/2017/10/11/proshare-advisors-llc-has-298000-position-in-the-hain-celestial-group-inc-hain.html.

The Hain Celestial Group, Inc. (HAIN) opened at 41.49 on Wednesday. The firm has a market capitalization of $4.30 billion, a PE ratio of 63.83 and a beta of 1.28. The stock has a 50 day moving average price of $40.65 and a 200-day moving average price of $38.82. The Hain Celestial Group, Inc. has a 12-month low of $31.01 and a 12-month high of $45.61.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, August 29th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The business had revenue of $725.10 million during the quarter, compared to analyst estimates of $720.70 million. The Hain Celestial Group had a return on equity of 7.65% and a net margin of 2.36%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. On average, equities research analysts forecast that The Hain Celestial Group, Inc. will post $1.66 EPS for the current year.

The Hain Celestial Group announced that its board has authorized a stock repurchase program on Thursday, June 22nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

A number of research firms recently weighed in on HAIN. UBS AG restated a “sell” rating and issued a $31.00 price target (down from $33.00) on shares of The Hain Celestial Group in a research note on Sunday, June 25th. Wells Fargo & Company set a $42.00 price target on The Hain Celestial Group and gave the company a “hold” rating in a research note on Saturday, July 1st. Maxim Group upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Thursday, July 13th. Zacks Investment Research upgraded The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Tuesday. Finally, J P Morgan Chase & Co downgraded The Hain Celestial Group from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $43.00 to $35.00 in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $41.78.

The 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.

Want to see what other hedge funds are holding HAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hain Celestial Group, Inc. (NASDAQ:HAIN).

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

What are top analysts saying about The Hain Celestial Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for The Hain Celestial Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit