Permanens Capital L.P. Invests $401,000 in Hain Celestial Group Inc (HAIN)

Permanens Capital L.P. purchased a new position in Hain Celestial Group Inc (NASDAQ:HAIN) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,500 shares of the company’s stock, valued at approximately $401,000. Hain Celestial Group comprises approximately 0.2% of Permanens Capital L.P.’s holdings, making the stock its 13th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of HAIN. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Hain Celestial Group by 1.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 395,435 shares of the company’s stock worth $12,681,000 after purchasing an additional 5,311 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Hain Celestial Group by 80.5% during the first quarter. Cubist Systematic Strategies LLC now owns 18,018 shares of the company’s stock worth $578,000 after purchasing an additional 8,036 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in shares of Hain Celestial Group by 13.4% during the first quarter. United Capital Financial Advisers LLC now owns 282,173 shares of the company’s stock worth $9,049,000 after purchasing an additional 33,449 shares during the last quarter. P Schoenfeld Asset Management LP purchased a new position in shares of Hain Celestial Group during the first quarter worth $18,120,000. Finally, UBS Group AG raised its holdings in shares of Hain Celestial Group by 46.1% during the first quarter. UBS Group AG now owns 140,993 shares of the company’s stock worth $4,521,000 after purchasing an additional 44,461 shares during the last quarter. 88.90% of the stock is owned by institutional investors and hedge funds.

HAIN has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a $40.00 target price on shares of Hain Celestial Group in a report on Tuesday, April 3rd. Sanford C. Bernstein set a $38.00 target price on shares of Hain Celestial Group and gave the stock a “buy” rating in a report on Wednesday, May 9th. Maxim Group reissued a “buy” rating and set a $40.00 target price (down previously from $50.00) on shares of Hain Celestial Group in a report on Tuesday, May 8th. Deutsche Bank initiated coverage on shares of Hain Celestial Group in a report on Tuesday, June 5th. They set a “buy” rating and a $33.00 target price for the company. Finally, Susquehanna Bancshares set a $32.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Monday, May 7th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Hain Celestial Group has a consensus rating of “Hold” and a consensus price target of $36.46.

Hain Celestial Group opened at $28.35 on Thursday, according to Marketbeat. Hain Celestial Group Inc has a fifty-two week low of $25.41 and a fifty-two week high of $45.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.79 and a quick ratio of 1.83. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 3.11 and a beta of 1.09.

Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, May 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). Hain Celestial Group had a net margin of 2.81% and a return on equity of 8.32%. The firm had revenue of $632.72 million during the quarter, compared to analysts’ expectations of $746.48 million. During the same period in the previous year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. equities analysts anticipate that Hain Celestial Group Inc will post 1.16 EPS 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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Institutional Ownership by Quarter for Hain Celestial Group (NASDAQ:HAIN)

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