Hussman Strategic Advisors Inc. Takes $2.06 Million Position in The Hain Celestial Group, Inc. (HAIN)

Hussman Strategic Advisors Inc. bought a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,000 shares of the company’s stock, valued at approximately $2,058,000.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of The Hain Celestial Group by 10,665.5% during the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock worth $317,676,000 after buying an additional 8,460,413 shares during the period. Strs Ohio acquired a new stake in The Hain Celestial Group in the third quarter worth approximately $32,144,000. Black Creek Investment Management Inc. bought a new position in shares of The Hain Celestial Group in the second quarter valued at $30,283,000. State of New Jersey Common Pension Fund D increased its holdings in shares of The Hain Celestial Group by 33.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 2,000,000 shares of the company’s stock valued at $77,640,000 after buying an additional 500,000 shares in the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of The Hain Celestial Group in the second quarter valued at $13,584,000. Institutional investors own 90.70% of the company’s stock.

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In related news, CEO Irwin D. Simon bought 50,000 shares of The Hain Celestial Group stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $34.14 per share, with a total value of $1,707,000.00. Following the acquisition, the chief executive officer now owns 1,695,014 shares of the company’s stock, valued at approximately $57,867,777.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michael B. Mcguinness bought 3,500 shares of The Hain Celestial Group stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $34.58 per share, with a total value of $121,030.00. Following the acquisition, the senior vice president now directly owns 55,131 shares in the company, valued at approximately $1,906,429.98. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 58,500 shares of company stock worth $2,000,030. Company insiders own 12.34% of the company’s stock.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) traded up $1.27 on Friday, hitting $35.68. 1,868,900 shares of the stock traded hands, compared to its average volume of 1,668,701. The Hain Celestial Group, Inc. has a twelve month low of $31.01 and a twelve month high of $45.61. The company has a market capitalization of $3,703.30, a PE ratio of 27.24, a P/E/G ratio of 1.64 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.50 and a quick ratio of 1.31.

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

Several brokerages have issued reports on HAIN. BidaskClub downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a report on Thursday. Loop Capital lowered their price target on shares of The Hain Celestial Group to $38.00 and set a “hold” rating on the stock in a report on Friday. SunTrust Banks, Inc. restated a “hold” rating and set a $35.00 price target on shares of The Hain Celestial Group in a report on Friday. Finally, Susquehanna Bancshares Inc cut shares of The Hain Celestial Group from a “positive” rating to a “neutral” rating in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $41.29.

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.

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

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