Proxima Capital Management LLC Increases Stake in Hain Celestial Group Inc (HAIN)
Proxima Capital Management LLC lifted its stake in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 146.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 493,482 shares of the company’s stock after purchasing an additional 293,447 shares during the period. Hain Celestial Group makes up about 8.7% of Proxima Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Proxima Capital Management LLC’s holdings in Hain Celestial Group were worth $14,706,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in HAIN. American Century Companies Inc. purchased a new stake in shares of Hain Celestial Group in the 1st quarter worth $12,482,000. Swiss National Bank lifted its holdings in shares of Hain Celestial Group by 2.1% in the 1st quarter. Swiss National Bank now owns 163,914 shares of the company’s stock worth $5,257,000 after buying an additional 3,400 shares during the period. Shufro Rose & Co. LLC purchased a new stake in shares of Hain Celestial Group in the 1st quarter worth $293,000. AGF Investments Inc. lifted its holdings in shares of Hain Celestial Group by 113.0% in the 1st quarter. AGF Investments Inc. now owns 5,845 shares of the company’s stock worth $187,000 after buying an additional 3,101 shares during the period. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Hain Celestial Group in the 1st quarter worth $2,050,000. Institutional investors own 88.13% of the company’s stock.
Shares of NASDAQ HAIN traded down $0.24 during mid-day trading on Friday, reaching $28.50. 4,880 shares of the company were exchanged, compared to its average volume of 1,354,070. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.49 and a quick ratio of 1.83. The stock has a market capitalization of $2.93 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.06 and a beta of 1.10. Hain Celestial Group Inc has a 1 year low of $25.41 and a 1 year high of $44.37.
Several equities research analysts have weighed in on the company. BidaskClub upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Wednesday, June 20th. Deutsche Bank assumed coverage on Hain Celestial Group in a report on Tuesday, June 5th. They issued a “buy” rating and a $33.00 target price for the company. Maxim Group reiterated a “buy” rating and issued a $40.00 target price on shares of Hain Celestial Group in a report on Tuesday, August 28th. SunTrust Banks reiterated a “hold” rating on shares of Hain Celestial Group in a report on Thursday, May 10th. Finally, ValuEngine upgraded Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.53.
About Hain Celestial Group
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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