November 29, 2016 - By Winifred Garcia · 0 Comments
Hain Celestial Group Inc (NASDAQ:HAIN) institutional sentiment decreased to 0.9 in Q2 2016. Its down -0.26, from 1.16 in 2016Q1. The ratio dropped, as 193 investment managers opened new or increased positions, while 166 reduced and sold their positions in Hain Celestial Group Inc. The investment managers in our partner’s database reported: 83.26 million shares, down from 85.42 million shares in 2016Q1. Also, the number of investment managers holding Hain Celestial Group Inc in their top 10 positions increased from 3 to 4 for an increase of 1. Sold All: 31 Reduced: 135 Increased: 129 New Position: 64.
The Hain Celestial Group, Inc. is an organic and natural products company. The company has a market cap of $3.99 billion. The Firm and its subsidiaries manufacture, market, distribute and sell organic and natural products under brand names which are sold as better-for-you products. It has a 19.48 P/E ratio. The Company’s divisions include United States, United Kingdom, Hain Pure Protein and Rest of World.
The stock increased 0.54% or $0.21 during the last trading session, hitting $38.98. Hain Celestial Group Inc (NASDAQ:HAIN) has declined 9.12% since April 26, 2016 and is downtrending. It has underperformed by 14.38% the S&P500.
According to Zacks Investment Research, “The Hain Celestial Group is a natural, specialty and snack food company. The company is a leader in the natural food categories, with such well-known natural food brands as Celestial Seasonings teas, including Sleepytimer, Lemon Zingerr, Red Zingerr, and Tension Tamerr varieties, Hain Pure Foodsr, Earth’s Bestr, and Nile Spice. The company’s principal specialty product lines include Hollywoodr cooking oils, Esteer sugar-free products, Weight Watchersr dry and refrigerated products, Kineretr kosher foods, Boston Better Snacksr, and Alba Foodsr. (PRESS RELEASE)”
Sandhill Capital Partners Llc holds 3.74% of its portfolio in Hain Celestial Group Inc for 240,378 shares. True Bearing Asset Management Lp owns 13,465 shares or 3.53% of their US portfolio. Moreover, Ami Asset Management Corp has 3.07% invested in the company for 885,664 shares. The New York-based Armistice Capital Llc has invested 2.88% in the stock. Agf Investments America Inc., a Ontario – Canada-based fund reported 108,572 shares.#img1#
Ratings analysis reveals 48% of Hain Celestial Group’s analysts are positive. Out of 25 Wall Street analysts rating Hain Celestial Group, 12 give it “Buy”, 2 “Sell” rating, while 11 recommend “Hold”. The lowest target is $33 while the high is $80. The stock’s average target of $51.38 is 31.81% above today’s ($38.98) share price. HAIN was included in 53 notes of analysts from July 24, 2015. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, January 15. Wunderlich maintained the shares of HAIN in a report on Thursday, January 14 with “Buy” rating. The rating was initiated by Maxim Group with “Buy” on Friday, July 24. Maxim Group maintained the stock with “Buy” rating in Friday, November 6 report. The stock of Hain Celestial Group Inc (NASDAQ:HAIN) has “Neutral” rating given on Friday, November 18 by Atlantic Securities. Jefferies maintained the stock with “Buy” rating in Tuesday, August 16 report. The stock of Hain Celestial Group Inc (NASDAQ:HAIN) has “Buy” rating given on Friday, December 11 by Wunderlich. The firm has “Outperform” rating by Cowen & Co given on Wednesday, October 14. The company was initiated on Monday, October 19 by Buckingham Research. The firm has “Buy” rating given on Tuesday, January 12 by Canaccord Genuity.
The Hain Celestial Group, Inc., incorporated on May 19, 1993, is an organic and natural products company. The Firm 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 divisions include United States, United Kingdom, Hain Pure Protein and Rest of World. The Company’s Rest of World segment includes Canada and Europe. The Company’s subsidiaries include Hain Pure Protein Corporation, which processes, markets and distributes antibiotic-free, organic and other poultry products, and EK Holdings, Inc., which grows, processes and sells kosher poultry and other products under the Empire and Kosher Valley brand names.
Another recent and important Hain Celestial Group Inc (NASDAQ:HAIN) news was published by Prnewswire.com which published an article titled: “Hain Celestial Announces Completion of Independent Audit Committee Review” on November 16, 2016.
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By Winifred Garcia