Could Hain Celestial Group Inc See a Reversal After Today’s Strong Options Activity?

 Could Hain Celestial Group Inc See a Reversal After Today's Strong Options Activity?

In today’s session Hain Celestial Group Inc (HAIN) registered an unusually high (2,086) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious HAIN increase. With 2,086 contracts traded and 19644 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: HAIN161118C00036000 closed last at: $1.95 or 2.5% down. About 766,488 shares traded hands. Hain Celestial Group Inc (NASDAQ:HAIN) has declined 12.78% since March 15, 2016 and is downtrending. It has underperformed by 18.26% the S&P500.

Hain Celestial Group Inc (NASDAQ:HAIN) Ratings Coverage

Out of 23 analysts covering Hain Celestial Group (NASDAQ:HAIN), 11 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 48% are positive. Hain Celestial Group has been the topic of 50 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Canaccord Genuity maintained the shares of HAIN in a report on Tuesday, January 12 with “Buy” rating. The stock of Hain Celestial Group Inc (NASDAQ:HAIN) has “Neutral” rating given on Tuesday, August 16 by SunTrust. The company was maintained on Wednesday, January 13 by Wedbush. The firm earned “Sector Perform” rating on Friday, January 15 by RBC Capital Markets. The rating was initiated by Atlantic Securities with “Neutral” on Thursday, April 7. The firm has “Buy” rating by Jefferies given on Wednesday, December 16. The stock of Hain Celestial Group Inc (NASDAQ:HAIN) has “Buy” rating given on Friday, November 6 by Maxim Group. The firm has “Perform” rating by Oppenheimer given on Wednesday, November 4. As per Tuesday, August 16, the company rating was maintained by Jefferies. As per Tuesday, August 16, the company rating was downgraded by PiperJaffray.

According to Zacks Investment Research, “The Hain Celestial Group is a natural, specialty and snack food company. The company is a leader in the natural food categories, with such well-known natural food brands as Celestial Seasonings teas, including Sleepytimer, Lemon Zingerr, Red Zingerr, and Tension Tamerr varieties, Hain Pure Foodsr, Earth’s Bestr, and Nile Spice. The company’s principal specialty product lines include Hollywoodr cooking oils, Esteer sugar-free products, Weight Watchersr dry and refrigerated products, Kineretr kosher foods, Boston Better Snacksr, and Alba Foodsr. (PRESS RELEASE)”

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.20, from 0.96 in 2016Q1. The ratio increased, as 31 funds sold all Hain Celestial Group Inc shares owned while 135 reduced positions. 64 funds bought stakes while 129 increased positions. They now own 83.26 million shares or 2.53% less from 85.42 million shares in 2016Q1.
Moreover, Jacobs Levy Equity Management has 0.04% invested in Hain Celestial Group Inc (NASDAQ:HAIN) for 38,291 shares. Proshare Advsr Llc owns 9,286 shares or 0.01% of their US portfolio. First Citizens Natl Bank & owns 13,510 shares or 0.06% of their US portfolio. Dnb Asset Management As accumulated 0% or 51,910 shares. Eaton Vance Management reported 78,841 shares or 0.01% of all its holdings. Moreover, Goelzer Investment Mgmt has 0.27% invested in Hain Celestial Group Inc (NASDAQ:HAIN) for 38,675 shares. Condor accumulated 28,727 shares or 0.34% of the stock. Ladenburg Thalmann Fincl Services has invested 0.01% of its portfolio in Hain Celestial Group Inc (NASDAQ:HAIN). Eagleclaw Capital Managment Lc, a Massachusetts-based fund reported 10,075 shares. The Tennessee-based Delta Asset Management Ltd Liability Corp Tn has invested 0.03% in Hain Celestial Group Inc (NASDAQ:HAIN). Trust Communication Of Vermont owns 4,503 shares or 0.03% of their US portfolio. Bokf Na owns 46,439 shares or 0.08% of their US portfolio. Comerica Comml Bank accumulated 0.06% or 130,405 shares. New Jersey Better Educational Savings Tru has 0.57% invested in the company for 17,000 shares. Putnam Fl Inv Mgmt last reported 225,958 shares in the company.

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 has a market cap of $3.66 billion. The Firm operates in five divisions: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. It has a 17.88 P/E ratio. 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.

HAIN Company Profile

The Hain Celestial Group, Inc., incorporated on May 19, 1993, makes, markets, distributes and sells organic and natural products under brand names, which are sold as better-for-you products. The Company’s brand names 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, Soy Dream, Sun-Pat, SunSpire, Terra, The Greek Gods, Tilda, WestSoy and Yves Veggie Cuisine. The Company’s personal care products are marketed under the Alba Botanica, Avalon Organics, Earth’s Best, JASON and Queen Helene brands. The Firm operates in five divisions: the United States, the United Kingdom, Canada, Europe and Hain Pure Protein. The United States operating segment includes the activities of Ella’s Kitchen, which conducts business in the United States and the United Kingdom. The United Kingdom operating segment includes the activities of Tilda, which conducts business in the United Kingdom, the Middle East and North Africa, Continental Europe, North America and India. Canada and Europe are combined as rest of world. In addition, it also offers the brands: Gluten Free Cafe, Walnut Acres Organic, FreeBird, Plainville Farms, Empire, Kosher Valley, Live Clean, A Healthier Way of Life, Joya and Happy.

More recent Hain Celestial Group Inc (NASDAQ:HAIN) news were published by: Prnewswire.com which released: “Hain Celestial Receives Lender Limited Waiver And Extension Of Credit Facility” on September 26, 2016. Also Globenewswire.com published the news titled: “HAIN INVESTOR REMINDER: Hagens Berman Reminds The Hain Celestial Group, Inc …” on October 07, 2016. Benzinga.com‘s news article titled: “Jefferies Attempts To Frame The Risk To Hain Celestial From Accounting Issues” with publication date: September 21, 2016 was also an interesting one.

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