The Hain Celestial Group, Inc. (NASDAQ:HAIN): Are Hedge Funds Right About This Stock?

The Hain Celestial Group, Inc. (NASDAQ:HAIN) shareholders have witnessed a decrease in support from the world’s most elite money managers recently.

This Stock is Riding one of the Biggest Consumer Trends in AmericaAccording to most traders, hedge funds are viewed as slow, old investment vehicles of the past. While there are over 8000 funds with their doors open at the moment, we look at the bigwigs of this group, close to 450 funds. It is widely believed that this group has its hands on the majority of all hedge funds’ total asset base, and by keeping an eye on their top picks, we have deciphered a few investment strategies that have historically outpaced the market. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 25 percentage points in 6.5 month (check out a sample of our picks).

Equally as key, positive insider trading activity is a second way to break down the world of equities. There are many motivations for a bullish insider to cut shares of his or her company, but only one, very obvious reason why they would behave bullishly. Plenty of empirical studies have demonstrated the impressive potential of this strategy if “monkeys” understand where to look (learn more here).

Now, let’s take a peek at the latest action regarding The Hain Celestial Group, Inc. (NASDAQ:HAIN).

What have hedge funds been doing with The Hain Celestial Group, Inc. (NASDAQ:HAIN)?

At year’s end, a total of 20 of the hedge funds we track held long positions in this stock, a change of -17% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few notable hedge fund managers who were increasing their holdings considerably.

When looking at the hedgies we track, Icahn Capital LP, managed by Carl Icahn, holds the largest position in The Hain Celestial Group, Inc. (NASDAQ:HAIN). Icahn Capital LP has a $393 million position in the stock, comprising 3.1% of its 13F portfolio. Sitting at the No. 2 spot is Philippe Laffont of Coatue Management, with a $103 million position; the fund has 1.7% of its 13F portfolio invested in the stock. Some other hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Donald Chiboucis’s Columbus Circle Investors and James Dondero’s Highland Capital Management.

Since The Hain Celestial Group, Inc. (NASDAQ:HAIN) has witnessed falling interest from the entirety of the hedge funds we track, logic holds that there was a specific group of fund managers who were dropping their positions entirely in Q4. At the top of the heap, Panayotis æTakisÆ Sparaggis’s Alkeon Capital Management cut the biggest position of the 450+ funds we key on, totaling close to $19 million in stock., and William Harnisch of Peconic Partners LLC was right behind this move, as the fund cut about $6 million worth. These moves are important to note, as aggregate hedge fund interest was cut by 4 funds in Q4.

What do corporate executives and insiders think about The Hain Celestial Group, Inc. (NASDAQ:HAIN)?

Insider buying is best served when the company we’re looking at has seen transactions within the past six months. Over the latest six-month time frame, The Hain Celestial Group, Inc. (NASDAQ:HAIN) has experienced 2 unique insiders buying, and 1 insider sales (see the details of insider trades here).

With the results demonstrated by the aforementioned research, everyday investors should always keep an eye on hedge fund and insider trading sentiment, and The Hain Celestial Group, Inc. (NASDAQ:HAIN) shareholders fit into this picture quite nicely.

Click here to learn more about Insider Monkey’s Hedge Fund Newsletter

Insider Monkey’s small-cap strategy returned 29.2% between September 2012 and February 2013 versus 8.7% for the S&P 500 index. Try it now by clicking the link above.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!