Oh my. What’s a smart The Hain Celestial Group, Inc. (NASDAQ:HAIN) investor to do now, with today’s +11% pop?
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Furthermore, we’re going to analyze the newest info surrounding The Hain Celestial Group, Inc. (NASDAQ:HAIN).
What does the smart money think about The Hain Celestial Group, Inc. (NASDAQ:HAIN)?
Heading into Q3, a total of 18 of the hedge funds we track were long in this stock, a change of -5% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of notable hedge fund managers who were upping their holdings significantly.
When using filings from the hedgies we track, Carl Icahn’s Icahn Capital LP had the most valuable position in The Hain Celestial Group, Inc. (NASDAQ:HAIN), worth close to $470.4 million, accounting for 2.2% of its total 13F portfolio. The second largest stake is held by Coatue Management, managed by Philippe Laffont, which held a $137.4 million position; the fund has 1.5% of its 13F portfolio invested in the stock. Some other peers that are bullish include Donald Chiboucis’s Columbus Circle Investors, Glenn Russell Dubin’s Highbridge Capital Management and Glenn J. Krevlin’s Glenhill Advisors.
As The Hain Celestial Group, Inc. (NASDAQ:HAIN) has experienced bearish sentiment from upper-tier hedge fund managers, logic holds that there is a sect of hedgies that decided to sell off their full holdings last quarter. It’s worth mentioning that Ward Davis’s Caerus Global Investors dumped the largest investment of the “upper crust” of funds we monitor, worth an estimated $2.5 million in stock. Israel Englander’s fund, Millennium Management, also dropped its stock, about $2.5 million worth. These moves are intriguing to say the least, as aggregate hedge fund interest dropped by 1 funds last quarter.
Insider trading activity in The Hain Celestial Group, Inc. (NASDAQ:HAIN)
Insider buying is particularly usable when the company we’re looking at has experienced transactions within the past half-year. Over the last 180-day time period, The Hain Celestial Group, Inc. (NASDAQ:HAIN) has experienced zero unique insiders buying, and 3 insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to The Hain Celestial Group, Inc. (NASDAQ:HAIN). These stocks are Snyder S Lance Inc (NASDAQ:LNCE), Flowers Foods, Inc. (NYSE:FLO), Hillshire Brands Co (NYSE:HSH), TreeHouse Foods Inc. (NYSE:THS), and Gruma S.A.B. de C.V. (ADR) (NYSE:GMK). This group of stocks belong to the processed & packaged goods industry and their market caps resemble HAIN’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Snyder S Lance Inc (NASDAQ:LNCE) | 7 | 0 | 3 |
| Flowers Foods, Inc. (NYSE:FLO) | 25 | 1 | 4 |
| Hillshire Brands Co (NYSE:HSH) | 33 | 0 | 1 |
| TreeHouse Foods Inc. (NYSE:THS) | 15 | 0 | 6 |
| Gruma S.A.B. de C.V. (ADR) (NYSE:GMK) | 0 | 0 |
Using the returns shown by Insider Monkey’s analyses, average investors must always keep one eye on hedge fund and insider trading activity, and The Hain Celestial Group, Inc. (NASDAQ:HAIN) is an important part of this process.
