Condor Capital Management Cuts Position in Hain Celestial Group Inc (HAIN)

Condor Capital Management cut its position in shares of Hain Celestial Group Inc (NASDAQ:HAIN) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,022 shares of the company’s stock after selling 1,139 shares during the period. Condor Capital Management’s holdings in Hain Celestial Group were worth $968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HAIN. Stoneridge Investment Partners LLC boosted its position in shares of Hain Celestial Group by 62.2% in the third quarter. Stoneridge Investment Partners LLC now owns 36,458 shares of the company’s stock worth $1,297,000 after buying an additional 13,980 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Hain Celestial Group by 49.5% in the third quarter. Wells Fargo & Company MN now owns 3,698,178 shares of the company’s stock worth $131,582,000 after buying an additional 1,225,037 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Hain Celestial Group by 3.1% in the third quarter. Nordea Investment Management AB now owns 675,228 shares of the company’s stock worth $24,025,000 after buying an additional 20,104 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Hain Celestial Group by 5,639.5% in the third quarter. First Trust Advisors LP now owns 1,412,940 shares of the company’s stock worth $50,272,000 after buying an additional 1,388,322 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new position in shares of Hain Celestial Group during the third quarter worth approximately $6,955,000. Institutional investors own 84.35% of the company’s stock.

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

Shares of Hain Celestial Group Inc (NASDAQ:HAIN) traded up 1.64% during mid-day trading on Friday, hitting $37.21. The stock had a trading volume of 1,784,160 shares. Hain Celestial Group Inc has a 1-year low of $32.87 and a 1-year high of $56.99. The stock’s 50-day moving average is $37.00 and its 200 day moving average is $37.67. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 18.62 and a beta of 0.97.

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A number of research analysts have recently commented on HAIN shares. Vetr upgraded Hain Celestial Group from a “buy” rating to a “strong-buy” rating and set a $44.60 price target for the company in a research note on Monday, January 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Hain Celestial Group in a research note on Monday, February 13th. Argus cut Hain Celestial Group from a “buy” rating to a “hold” rating and increased their price target for the company from $33.95 to $34.46 in a research note on Friday, February 17th. BMO Capital Markets reiterated an “outperform” rating and issued a $45.00 price target on shares of Hain Celestial Group in a research note on Tuesday, March 7th. Finally, Susquehanna Bancshares Inc set a $45.00 price target on Hain Celestial Group and gave the company a “buy” rating in a research note on Thursday, March 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Hain Celestial Group has an average rating of “Hold” and a consensus target price of $42.90.

About 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.

12 Month Chart for NASDAQ:HAIN

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