Municipal Employees Retirement System of Michigan lowered its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 16.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,930 shares of the company’s stock after selling 7,680 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in The Hain Celestial Group were worth $1,550,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of HAIN. BlackRock Inc. raised its stake in The Hain Celestial Group by 10,665.5% in the first quarter. BlackRock Inc. now owns 8,539,738 shares of the company’s stock worth $317,676,000 after buying an additional 8,460,413 shares in the last quarter. Glenview Capital Management LLC purchased a new stake in The Hain Celestial Group during the first quarter worth approximately $102,266,000. FMR LLC raised its stake in The Hain Celestial Group by 40.0% in the first quarter. FMR LLC now owns 7,899,213 shares of the company’s stock worth $293,851,000 after buying an additional 2,258,735 shares in the last quarter. Engaged Capital LLC purchased a new stake in The Hain Celestial Group during the first quarter worth approximately $70,208,000. Finally, Litespeed Management L.L.C. purchased a new stake in The Hain Celestial Group during the first quarter worth approximately $19,916,000. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Hain Celestial Group, Inc. (HAIN) opened at 43.19 on Friday. The stock has a 50 day moving average of $38.53 and a 200 day moving average of $37.34. The stock’s market cap 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 Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Thursday, June 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.19. The Hain Celestial Group had a negative return on equity of 1.09% and a negative net margin of 0.75%. The company had revenue of $706.56 million during the quarter, compared to analysts’ expectations of $721 million. On average, analysts forecast that The Hain Celestial Group, Inc. will post $1.20 EPS for the current year.

The Hain Celestial Group declared that its Board of Directors has authorized a share buyback program on Thursday, June 22nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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A number of equities research analysts have recently commented on HAIN shares. Vetr raised shares of The Hain Celestial Group from a “hold” rating to a “buy” rating and set a $38.90 price objective on the stock in a research note on Tuesday, April 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 price objective on shares of The Hain Celestial Group in a research note 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 note 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 note on Tuesday, May 16th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of The Hain Celestial Group in a research note on Wednesday, May 17th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company. The Hain Celestial Group currently has an average rating of “Hold” and an average target price of $41.44.

The Hain Celestial Group Company Profile

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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