Hain Celestial Group Inc (HAIN) Shares Bought by Advisors Capital Management LLC

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Advisors Capital Management LLC boosted its position in Hain Celestial Group Inc (NASDAQ:HAIN) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,560 shares of the company’s stock after acquiring an additional 2,094 shares during the quarter. Advisors Capital Management LLC owned 0.07% of Hain Celestial Group worth $2,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Hain Celestial Group by 1.0% in the second quarter. BlackRock Inc. now owns 8,777,416 shares of the company’s stock valued at $261,568,000 after acquiring an additional 89,119 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Hain Celestial Group by 28.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 2,700,000 shares of the company’s stock valued at $80,460,000 after buying an additional 600,000 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Hain Celestial Group by 46.3% during the second quarter. Bank of New York Mellon Corp now owns 1,723,433 shares of the company’s stock valued at $51,358,000 after buying an additional 545,113 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Hain Celestial Group by 0.4% during the first quarter. Royal Bank of Canada now owns 1,082,283 shares of the company’s stock valued at $34,708,000 after buying an additional 4,413 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its stake in shares of Hain Celestial Group by 9.8% during the second quarter. Eagle Asset Management Inc. now owns 1,050,836 shares of the company’s stock valued at $31,314,000 after buying an additional 93,717 shares during the last quarter. 92.47% of the stock is currently owned by institutional investors and hedge funds.

Hain Celestial Group stock opened at $25.25 on Friday. The company has a quick ratio of 1.56, a current ratio of 2.49 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.82 billion, a PE ratio of 21.77, a PEG ratio of 2.92 and a beta of 1.14. Hain Celestial Group Inc has a 1-year low of $24.89 and a 1-year high of $44.37.

Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Tuesday, August 28th. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The company had revenue of $619.60 million during the quarter, compared to analyst estimates of $629.25 million. Hain Celestial Group had a net margin of 0.35% and a return on equity of 7.37%. Hain Celestial Group’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. Sell-side analysts predict that Hain Celestial Group Inc will post 1.24 earnings per share for the current year.

HAIN has been the topic of a number of recent research reports. BidaskClub raised Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 20th. Citigroup reduced their price objective on Hain Celestial Group from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, June 25th. Jefferies Financial Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of Hain Celestial Group in a research note on Monday, June 25th. ValuEngine cut Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd. Finally, Zacks Investment Research raised Hain Celestial Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $32.53.

Hain Celestial Group Company 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.

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

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