Amalgamated Bank Reached $876,000 position of The Hain Celestial Group Inc. (HAIN)

Amalgamated Bank Reached $876,000 position  of The Hain Celestial Group Inc. (HAIN)

Amalgamated Bank boosted its stake in shares of The Hain Celestial Group Inc. (NASDAQ:HAIN) by 33.3% during the second quarter, Holdings Channel reports. The fund owned 16,802 shares of the company’s stock after buying an additional 4,194 shares during the period. Amalgamated Bank’s holdings in The Hain Celestial Group were worth $876,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Advisors Solutions LLC raised its stake in The Hain Celestial Group by 0.3% in the second quarter. Dynamic Advisors Solutions LLC now owns 12,157 shares of the company’s stock valued at $605,000 after buying an additional 40 shares during the last quarter. Utah Retirement Systems raised its stake in The Hain Celestial Group by 0.5% in the second quarter. Utah Retirement Systems now owns 18,500 shares of the company’s stock valued at $920,000 after buying an additional 100 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in The Hain Celestial Group by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 21,917 shares of the company’s stock valued at $1,090,000 after buying an additional 183 shares during the last quarter. Woodstock Corp raised its stake in The Hain Celestial Group by 0.3% in the second quarter. Woodstock Corp now owns 79,568 shares of the company’s stock valued at $3,959,000 after buying an additional 200 shares during the last quarter. Finally, National Asset Management Inc. raised its stake in The Hain Celestial Group by 3.4% in the second quarter. National Asset Management Inc. now owns 6,462 shares of the company’s stock valued at $322,000 after buying an additional 215 shares during the last quarter. 81.48% of the stock is owned by institutional investors and hedge funds.

Shares of The Hain Celestial Group Inc. (NASDAQ:HAIN) traded down 3.62% during mid-day trading on Friday, hitting $34.38. The company’s stock had a trading volume of 3,324,100 shares. The stock has a 50-day moving average of $35.68 and a 200-day moving average of $43.50. The company has a market cap of $3556.54 billion, a PE ratio of 17.19 and a beta of 0.93. The Hain Celestial Group Inc. has a 12-month low of $33.12 and a 12-month high of $56.99.

Several research firms have recently issued reports on HAIN. Buckingham Research cut their price objective on shares of The Hain Celestial Group from $44.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, August 26th. Oppenheimer Holdings Inc. cut their price objective on shares of The Hain Celestial Group from $52.00 to $45.00 and set a “market perform” rating on the stock in a report on Tuesday, August 16th. They noted that the move was a valuation call. Maxim Group downgraded shares of The Hain Celestial Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 16th. SunTrust Banks Inc. downgraded shares of The Hain Celestial Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $40.00 in a report on Tuesday, August 16th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of The Hain Celestial Group in a report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $46.36.

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.

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