Anchor Capital Advisors LLC reduced its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,042,960 shares of the company’s stock after selling 35,122 shares during the period. The Hain Celestial Group comprises approximately 1.5% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 15th largest position. Anchor Capital Advisors LLC’s holdings in The Hain Celestial Group were worth $40,488,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the stock. Rice Hall James & Associates LLC increased its stake in shares of The Hain Celestial Group by 0.8% in the first quarter. Rice Hall James & Associates LLC now owns 307,376 shares of the company’s stock worth $11,434,000 after buying an additional 2,295 shares in the last quarter. Capital Impact Advisors LLC increased its stake in The Hain Celestial Group by 204.4% in the first quarter. Capital Impact Advisors LLC now owns 69,270 shares of the company’s stock worth $2,577,000 after buying an additional 46,511 shares during the period. SFE Investment Counsel increased its stake in The Hain Celestial Group by 6.2% in the first quarter. SFE Investment Counsel now owns 24,114 shares of the company’s stock worth $897,000 after buying an additional 1,402 shares during the period. Louisiana State Employees Retirement System increased its stake in The Hain Celestial Group by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 26,100 shares of the company’s stock worth $971,000 after buying an additional 500 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in The Hain Celestial Group during the first quarter worth about $205,000. 86.60% of the stock is owned by institutional investors and hedge funds.

Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) opened at 43.19 on Friday. The company’s market capitalization is $4.48 billion. The Hain Celestial Group, Inc. has a one year low of $31.01 and a one year high of $56.99. The company has a 50-day moving average price of $38.53 and a 200 day moving average price of $37.34.

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

The Hain Celestial Group announced that its board has authorized a stock buyback 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 usually an indication that the company’s board believes its shares are undervalued.

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A number of equities research analysts have issued reports on HAIN shares. Vetr raised The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $38.90 price target for the company in a research report on Tuesday, April 18th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 price target on shares of The Hain Celestial Group in a research report on Friday, May 12th. Susquehanna Bancshares Inc set a $45.00 price target on The Hain Celestial Group and gave the company a “buy” rating in a research report on Saturday, May 13th. Zacks Investment Research raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. reissued a “market perform” rating on shares of The Hain Celestial Group in a research report on Wednesday, May 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have issued a buy rating to the company’s stock. The Hain Celestial Group currently has an average rating of “Hold” and an average price target of $41.44.

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.

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

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