MARSHALL WACE ASIA Ltd Takes Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

MARSHALL WACE ASIA Ltd bought a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,851 shares of the company’s stock, valued at approximately $475,000.

Several other large investors also recently added to or reduced their stakes in HAIN. Russell Investments Group Ltd. bought a new stake in The Hain Celestial Group during the fourth quarter valued at $2,171,000. Raymond James Financial Services Advisors Inc. increased its stake in The Hain Celestial Group by 5.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 9,904 shares of the company’s stock valued at $387,000 after buying an additional 498 shares during the last quarter. Credit Agricole S A increased its stake in The Hain Celestial Group by 10.5% in the fourth quarter. Credit Agricole S A now owns 85,783 shares of the company’s stock valued at $3,348,000 after buying an additional 8,183 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in The Hain Celestial Group by 667.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 36,899 shares of the company’s stock valued at $1,439,000 after buying an additional 32,089 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in The Hain Celestial Group by 20.8% in the fourth quarter. Janus Capital Management LLC now owns 8,987 shares of the company’s stock valued at $350,000 after buying an additional 1,548 shares during the last quarter. 86.70% of the stock is owned by institutional investors.

Shares of The Hain Celestial Group, Inc. (NASDAQ HAIN) traded up 0.31% during mid-day trading on Friday, hitting $45.00. 1,904,829 shares of the stock were exchanged. The Hain Celestial Group, Inc. has a 1-year low of $31.01 and a 1-year high of $56.99. The company’s 50-day moving average is $38.01 and its 200-day moving average is $37.32. The firm’s market cap is $4.67 billion.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.19. The firm had revenue of $706.56 million for the quarter, compared to analyst estimates of $721 million. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. Equities research analysts anticipate that The Hain Celestial Group, Inc. will post $1.20 earnings per share for the current fiscal year.

The Hain Celestial Group announced that its board has authorized a stock repurchase plan on Thursday, June 22nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

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HAIN has been the subject of several research analyst reports. Vetr raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating and set a $36.42 target price for the company in a research report on Monday, April 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of The Hain Celestial Group in a research report on Friday, May 12th. Susquehanna Bancshares Inc set a $45.00 price objective on shares of The Hain Celestial Group and gave the company a “buy” rating in a research report on Saturday, May 13th. Zacks Investment Research raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of The Hain Celestial Group in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.21.

About The 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.

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

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