Hain Celestial Group Inc (HAIN) Position Trimmed by FrontFour Capital Group LLC

FrontFour Capital Group LLC trimmed its holdings in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 33.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,401 shares of the company’s stock after selling 79,016 shares during the period. Hain Celestial Group makes up about 1.2% of FrontFour Capital Group LLC’s holdings, making the stock its 20th biggest position. FrontFour Capital Group LLC owned approximately 0.15% of Hain Celestial Group worth $6,477,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Toronto Dominion Bank acquired a new position in Hain Celestial Group during the second quarter valued at $13,584,000. Hussman Strategic Advisors Inc. acquired a new position in Hain Celestial Group in the 3rd quarter worth about $2,058,000. SLS Management LLC increased its position in Hain Celestial Group by 137.1% in the 2nd quarter. SLS Management LLC now owns 140,420 shares of the company’s stock worth $5,451,000 after purchasing an additional 81,200 shares during the last quarter. Bank of Nova Scotia acquired a new position in Hain Celestial Group in the 2nd quarter worth about $11,855,000. Finally, Candriam Luxembourg S.C.A. acquired a new position in Hain Celestial Group in the 3rd quarter worth about $494,000. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the company. BidaskClub lowered Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Susquehanna Bancshares set a $45.00 target price on Hain Celestial Group and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Jefferies Group reaffirmed a “buy” rating and issued a $52.00 target price on shares of Hain Celestial Group in a research report on Monday, August 28th. Buckingham Research upped their target price on Hain Celestial Group from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 30th. Finally, Royal Bank of Canada upped their target price on Hain Celestial Group from $39.00 to $41.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 30th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $41.31.

In related news, Director Richard Dean Hollis purchased 10,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was bought at an average price of $35.27 per share, for a total transaction of $352,700.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $352,700. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Irwin D. Simon purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were bought at an average price of $34.14 per share, with a total value of $1,707,000.00. Following the purchase, the chief executive officer now owns 1,695,014 shares in the company, valued at approximately $57,867,777.96. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 68,500 shares of company stock valued at $2,352,730. 12.34% of the stock is currently owned by corporate insiders.

Shares of Hain Celestial Group Inc (NASDAQ HAIN) opened at $40.86 on Wednesday. The stock has a market capitalization of $4,270.00, a PE ratio of 31.21, a PEG ratio of 1.75 and a beta of 1.26. Hain Celestial Group Inc has a 52 week low of $31.01 and a 52 week high of $45.61. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.22 and a current ratio of 2.50.

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

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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.

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

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