Gamco Investors INC. ET AL Acquires 87,707 Shares of Hain Celestial Group Inc (HAIN)

Gamco Investors INC. ET AL raised its holdings in Hain Celestial Group Inc (NASDAQ:HAIN) by 22.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 476,656 shares of the company’s stock after acquiring an additional 87,707 shares during the period. Gamco Investors INC. ET AL owned approximately 0.44% of Hain Celestial Group worth $12,927,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Hain Celestial Group by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 454,320 shares of the company’s stock worth $14,570,000 after buying an additional 13,377 shares during the last quarter. SFE Investment Counsel increased its holdings in shares of Hain Celestial Group by 21.9% during the 2nd quarter. SFE Investment Counsel now owns 15,698 shares of the company’s stock worth $468,000 after buying an additional 2,820 shares during the last quarter. TCW Group Inc. increased its holdings in shares of Hain Celestial Group by 38.3% during the 2nd quarter. TCW Group Inc. now owns 17,358 shares of the company’s stock worth $517,000 after buying an additional 4,811 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Hain Celestial Group by 286.0% during the 1st quarter. Millennium Management LLC now owns 49,258 shares of the company’s stock worth $1,580,000 after buying an additional 36,496 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Hain Celestial Group by 26.6% during the 2nd quarter. California Public Employees Retirement System now owns 267,704 shares of the company’s stock worth $7,978,000 after buying an additional 56,173 shares during the last quarter. Institutional investors own 92.96% of the company’s stock.

Hain Celestial Group stock opened at $22.24 on Friday. Hain Celestial Group Inc has a fifty-two week low of $21.81 and a fifty-two week high of $44.37. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.56. The company has a market capitalization of $2.84 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.83 and a beta of 1.09.

Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Thursday, November 8th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.04). Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. The company had revenue of $560.88 million during the quarter, compared to analyst estimates of $588.12 million. During the same quarter last year, the business posted $0.20 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, sell-side analysts expect that Hain Celestial Group Inc will post 1.23 EPS for the current year.

A number of brokerages have recently issued reports on HAIN. Loop Capital set a $30.00 price target on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Wednesday, August 22nd. BidaskClub upgraded shares of Hain Celestial Group from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. ValuEngine upgraded shares of Hain Celestial Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Zacks Investment Research downgraded shares of Hain Celestial Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Wells Fargo & Co lifted their target price on shares of Hain Celestial Group from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Thursday, August 30th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $31.73.

TRADEMARK VIOLATION WARNING: “Gamco Investors INC. ET AL Acquires 87,707 Shares of Hain Celestial Group Inc (HAIN)” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/11/10/gamco-investors-inc-et-al-acquires-87707-shares-of-hain-celestial-group-inc-hain.html.

Hain Celestial Group Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; 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; yogurts; chilies; chocolates; and nut butters.

See Also: Price to Earnings Ratio (PE) Basics

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

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

Leave a Reply