The The Hain Celestial Group Inc. (HAIN) Stake Increased by Wells Fargo & Company MN

The The Hain Celestial Group Inc. (HAIN) Stake Increased by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of The Hain Celestial Group Inc. (NASDAQ:HAIN) by 49.5% during the third quarter, Holdings Channel reports. The institutional investor owned 3,698,178 shares of the company’s stock after buying an additional 1,225,037 shares during the period. Wells Fargo & Company MN’s holdings in The Hain Celestial Group were worth $131,582,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of The Hain Celestial Group by 40.0% in the second quarter. IFP Advisors Inc now owns 2,983 shares of the company’s stock valued at $148,000 after buying an additional 853 shares during the last quarter. MSI Financial Services Inc raised its stake in shares of The Hain Celestial Group by 95.9% in the third quarter. MSI Financial Services Inc now owns 4,865 shares of the company’s stock valued at $173,000 after buying an additional 2,381 shares during the last quarter. Krilogy Financial LLC raised its stake in shares of The Hain Celestial Group by 36.5% in the second quarter. Krilogy Financial LLC now owns 3,550 shares of the company’s stock valued at $177,000 after buying an additional 950 shares during the last quarter. Creative Planning raised its stake in shares of The Hain Celestial Group by 19.3% in the third quarter. Creative Planning now owns 5,819 shares of the company’s stock valued at $207,000 after buying an additional 940 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new stake in shares of The Hain Celestial Group during the second quarter valued at approximately $209,000. Institutional investors own 84.43% of the company’s stock.

Shares of The Hain Celestial Group Inc. (NASDAQ:HAIN) opened at 40.29 on Thursday. The company has a 50 day moving average price of $39.57 and a 200 day moving average price of $40.55. The stock has a market cap of $4.17 billion, a P/E ratio of 20.17 and a beta of 0.97. The Hain Celestial Group Inc. has a 12-month low of $33.12 and a 12-month high of $56.99.

A number of brokerages have recently issued reports on HAIN. Atlantic Securities raised The Hain Celestial Group from an “underweight” rating to a “neutral” rating in a research note on Friday, November 18th. SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of The Hain Celestial Group in a research note on Sunday, November 20th. Jefferies Group reaffirmed a “buy” rating and issued a $50.00 price target on shares of The Hain Celestial Group in a research note on Thursday, November 17th. Zacks Investment Research raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Finally, Bank of America Corp. raised The Hain Celestial Group from an “underperform” rating to a “neutral” rating and set a $41.00 price target on the stock in a research note on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company. The Hain Celestial Group currently has an average rating of “Hold” and a consensus price target of $44.44.

The Hain Celestial Group Company Profile

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.

Want to see what other hedge funds are holding HAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hain Celestial Group Inc. (NASDAQ:HAIN).

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