New Jersey Better Educational Savings Trust Lowers stake in Hain Celestial Group Inc (HAIN)

Hain Celestial Group Inc (HAIN) : New Jersey Better Educational Savings Trust reduced its stake in Hain Celestial Group Inc by 22.73% during the most recent quarter end. The investment management company now holds a total of 17,000 shares of Hain Celestial Group Inc which is valued at $879,070 after selling 5,000 shares in Hain Celestial Group Inc , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Hain Celestial Group Inc makes up approximately 0.56% of New Jersey Better Educational Savings Trust’s portfolio.

Other Hedge Funds, Including , Ipswich Investment Management sold out all of its stake in HAIN during the most recent quarter. The investment firm sold 115 shares of HAIN which is valued $5,947.Checchi Capital Advisers reduced its stake in HAIN by selling 127 shares or 25.81% in the most recent quarter. The Hedge Fund company now holds 365 shares of HAIN which is valued at $19,119.Simplex Trading boosted its stake in HAIN in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 5,476 shares of Hain Celestial Group Inc which is valued at $284,478. Hain Celestial Group Inc makes up approx 0.04% of Simplex Trading’s portfolio.Creative Planning reduced its stake in HAIN by selling 209 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 4,879 shares of HAIN which is valued at $251,464.

Hain Celestial Group Inc opened for trading at $52.23 and hit $52.81 on the upside on Monday, eventually ending the session at $52.19, with a gain of 0.25% or 0.13 points. The heightened volatility saw the trading volume jump to 7,80,034 shares. Company has a market cap of $5,399 M.

On the company’s financial health, Hain Celestial Group Inc reported $0.49 EPS for the quarter, based on the information available during the earnings call on May 4, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $749.86 million for the quarter, compared to analysts expectations of $733.54 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.

Many Wall Street Analysts have commented on Hain Celestial Group Inc. Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 44 from a previous price target of $42 .

The Hain Celestial Group Inc. manufactures markets distributes and sells organic and natural products under brand names which are sold as better-for-you products. The Company operates in five segments: the United States the United Kingdom Canada Europe and Hain Pure Protein. The Company’s brands include Almond Dream Arrowhead Mills BluePrint Celestial Seasonings Cully & Sully Danival DeBoles Earth’s Best Ella’s Kitchen Europe’s Best Farmhouse Fare Frank Cooper’s Gale’s Garden of Eatin’ GG UniqueFiber Hartley’s Health Valley Imagine Johnson’s Juice Co. Lima Linda McCartney MaraNatha New Covent Garden Soup Co. Rice Dream Robertson’s Rudi’s Organic Bakery Rudi’s Gluten-Free Bakery Sensible Portions Spectrum Spectrum Essentials and Soy Dream among others. Its markets its personal care products under the Alba Botanica Avalon Organics Earth’s Best JASON and Queen Helene brands. In addition it offers the Joya and Happy brands.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *