Litespeed Management L.L.C. Cuts Position in Hain Celestial Group Inc (HAIN)

Litespeed Management L.L.C. trimmed its holdings in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 782,282 shares of the company’s stock after selling 7,158 shares during the quarter. Hain Celestial Group makes up approximately 22.7% of Litespeed Management L.L.C.’s investment portfolio, making the stock its biggest holding. Litespeed Management L.L.C. owned about 0.75% of Hain Celestial Group worth $32,191,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HAIN. Strs Ohio acquired a new stake in Hain Celestial Group in the third quarter valued at approximately $32,144,000. Black Creek Investment Management Inc. acquired a new stake in Hain Celestial Group in the second quarter valued at approximately $30,283,000. Eagle Asset Management Inc. acquired a new stake in Hain Celestial Group in the third quarter valued at approximately $32,091,000. Toronto Dominion Bank acquired a new stake in Hain Celestial Group in the second quarter valued at approximately $13,584,000. Finally, Bank of Nova Scotia acquired a new stake in Hain Celestial Group in the second quarter valued at approximately $11,855,000. 90.28% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on HAIN shares. Susquehanna Bancshares set a $45.00 target price on shares of Hain Celestial Group and gave the company a “hold” rating in a research note on Tuesday, August 22nd. UBS downgraded shares of Hain Celestial Group from a “positive” rating to a “neutral” rating in a research note on Tuesday, August 22nd. Jefferies Group restated a “buy” rating and issued a $52.00 target price on shares of Hain Celestial Group in a research note on Monday, August 28th. Maxim Group restated a “buy” rating and issued a $50.00 target price on shares of Hain Celestial Group in a research note on Tuesday, August 29th. Finally, Royal Bank Of Canada raised their target price on shares of Hain Celestial Group from $39.00 to $41.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 30th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. Hain Celestial Group has an average rating of “Hold” and a consensus target price of $41.31.

In other Hain Celestial Group news, CFO James M. Langrock bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was bought at an average cost of $34.40 per share, for a total transaction of $172,000.00. Following the completion of the transaction, the chief financial officer now directly owns 59,233 shares of the company’s stock, valued at approximately $2,037,615.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Irwin D. Simon bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $34.14 per share, with a total value of $1,707,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,695,014 shares of the company’s stock, valued at $57,867,777.96. The disclosure for this purchase can be found here. Insiders have bought 68,500 shares of company stock valued at $2,352,730 over the last quarter. Insiders own 12.34% of the company’s stock.

Shares of Hain Celestial Group Inc (NASDAQ:HAIN) opened at $40.89 on Friday. Hain Celestial Group Inc has a one year low of $31.01 and a one year high of $45.61. The company has a current ratio of 2.50, a quick ratio of 1.22 and a debt-to-equity ratio of 0.42. The company has a market cap of $4,270.00, a price-to-earnings ratio of 31.21, a PEG ratio of 1.75 and a beta of 1.26.

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

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About Hain Celestial Group

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.

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

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