Granite Investment Partners LLC Takes Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Granite Investment Partners LLC bought a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 493,154 shares of the company’s stock, valued at approximately $21,013,000. Granite Investment Partners LLC owned about 0.52% of The Hain Celestial Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HAIN. Victory Capital Management Inc. raised its position in shares of The Hain Celestial Group by 304.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,986,914 shares of the company’s stock valued at $84,662,000 after buying an additional 1,495,500 shares during the last quarter. Bank of America Corp DE raised its position in shares of The Hain Celestial Group by 496.2% in the fourth quarter. Bank of America Corp DE now owns 1,455,893 shares of the company’s stock valued at $62,037,000 after buying an additional 1,211,691 shares during the last quarter. Scout Investments Inc. raised its position in shares of The Hain Celestial Group by 40.3% in the fourth quarter. Scout Investments Inc. now owns 2,257,588 shares of the company’s stock valued at $96,196,000 after buying an additional 648,016 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of The Hain Celestial Group in the third quarter valued at about $20,914,000. Finally, Millennium Management LLC raised its position in shares of The Hain Celestial Group by 1,392.9% in the third quarter. Millennium Management LLC now owns 385,205 shares of the company’s stock valued at $16,479,000 after buying an additional 359,403 shares during the last quarter. Institutional investors and hedge funds own 94.98% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Mizuho cut their price objective on shares of The Hain Celestial Group from $47.00 to $44.00 in a research report on Tuesday, May 3rd. Cfra cut their price objective on shares of The Hain Celestial Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, February 4th. Consumer Edge upgraded shares of The Hain Celestial Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, February 8th. StockNews.com assumed coverage on shares of The Hain Celestial Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Jefferies Financial Group assumed coverage on shares of The Hain Celestial Group in a research report on Friday, March 18th. They set a “hold” rating and a $41.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $49.00.

HAIN stock traded down $1.31 during mid-day trading on Friday, hitting $25.22. 2,907,422 shares of the company were exchanged, compared to its average volume of 766,450. The Hain Celestial Group, Inc. has a 12-month low of $24.85 and a 12-month high of $48.88. The company has a quick ratio of 0.97, a current ratio of 1.98 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $33.67 and a 200-day simple moving average of $37.92. The firm has a market capitalization of $2.30 billion, a P/E ratio of 21.02 and a beta of 0.70.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last issued its earnings results on Thursday, May 5th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.12). The Hain Celestial Group had a return on equity of 9.66% and a net margin of 6.12%. The company had revenue of $502.94 million during the quarter, compared to analyst estimates of $524.57 million. During the same period in the prior year, the business earned $0.44 earnings per share. The Hain Celestial Group’s quarterly revenue was up 2.1% on a year-over-year basis. Research analysts predict that The Hain Celestial Group, Inc. will post 1.52 EPS for the current year.

In other news, Director Glenn W. Welling sold 10,833 shares of the firm’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $34.98, for a total transaction of $378,938.34. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glenn W. Welling sold 350,000 shares of the firm’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $36.03, for a total value of $12,610,500.00. The disclosure for this sale can be found here. 16.90% of the stock is owned by company insiders.

About The Hain Celestial Group (Get Rating)

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, and internationally. It operates through two segments, North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; and condiments.

Featured Stories

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

Receive News & Ratings for The Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.