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. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

The 10 Fastest Supercomputers in the World

The 10 Best Countries for Doing Business 2015

6 Most Expensive Fruits In The World

10 Worst Airlines in the World

The 10 Biggest Tax Havens in the World to Stash Your Money

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!