Welch & Forbes LLC Sells 133,173 Shares of Hain Celestial Group Inc (HAIN)
Welch & Forbes LLC cut its holdings in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 58.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,225 shares of the company’s stock after selling 133,173 shares during the quarter. Welch & Forbes LLC owned 0.09% of Hain Celestial Group worth $1,478,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in shares of Hain Celestial Group during the fourth quarter worth approximately $203,000. IndexIQ Advisors LLC increased its holdings in shares of Hain Celestial Group by 10.2% during the fourth quarter. IndexIQ Advisors LLC now owns 6,648 shares of the company’s stock worth $105,000 after purchasing an additional 614 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Hain Celestial Group by 39.7% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,600 shares of the company’s stock worth $279,000 after purchasing an additional 5,000 shares during the period. M&T Bank Corp increased its holdings in shares of Hain Celestial Group by 22.3% during the fourth quarter. M&T Bank Corp now owns 20,004 shares of the company’s stock worth $317,000 after purchasing an additional 3,644 shares during the period. Finally, ETF Managers Group LLC increased its holdings in shares of Hain Celestial Group by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 4,062 shares of the company’s stock worth $64,000 after purchasing an additional 552 shares during the period. 91.91% of the stock is currently owned by institutional investors.
Hain Celestial Group stock traded up $0.53 during mid-day trading on Tuesday, reaching $17.37. The company had a trading volume of 542,709 shares, compared to its average volume of 2,014,464. Hain Celestial Group Inc has a fifty-two week low of $14.45 and a fifty-two week high of $36.15. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.17 and a quick ratio of 1.25. The firm has a market capitalization of $1.66 billion, a P/E ratio of 14.97, a P/E/G ratio of 12.24 and a beta of 1.38.
Several brokerages have recently commented on HAIN. Loop Capital set a $16.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Saturday. Piper Jaffray Companies set a $17.00 target price on shares of Hain Celestial Group and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets lowered their target price on shares of Hain Celestial Group to $20.00 and set a “market perform” rating on the stock in a report on Friday. Maxim Group reaffirmed a “buy” rating and set a $25.00 target price (down from $36.00) on shares of Hain Celestial Group in a report on Friday. Finally, BidaskClub cut shares of Hain Celestial Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 5th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.64.
Hain Celestial Group 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.
Recommended Story: What is a bull market?
Want to see what other hedge funds are holding HAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hain Celestial Group Inc (NASDAQ:HAIN).
Receive News & Ratings for Hain Celestial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hain Celestial Group and related companies with MarketBeat.com's FREE daily email newsletter.