As Hain Celestial Group (HAIN) Shares Rose, Coatue Management Has Cut Stake by $3.44 Million; Brookfield Asset Management Maintains Position in Companhia De Saneamento Basi (SBS)

January 14, 2018 - By Linda Rogers

Brookfield Asset Management Inc increased its stake in Companhia De Saneamento Basi (SBS) by 36.3% based on its latest 2017Q3 regulatory filing with the SEC. Brookfield Asset Management Inc bought 2.25 million shares as the company’s stock declined 15.61% while stock markets rallied. The hedge fund held 8.44M shares of the water supply company at the end of 2017Q3, valued at $88.31M, up from 6.19 million at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Companhia De Saneamento Basi for a number of months, seems to be bullish on the $7.46 billion market cap company. The stock increased 0.57% or $0.06 during the last trading session, reaching $10.51. About 863,744 shares traded. Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) has risen 24.02% since January 14, 2017 and is uptrending. It has outperformed by 7.32% the S&P500.

Philippe Laffont decreased its stake in Hain Celestial Group Inc (HAIN) by 7.78% based on its latest 2017Q3 regulatory filing with the SEC. Coatue Management Llc sold 83,789 shares as the company’s stock rose 6.47% with the market. The hedge fund run by Philippe Laffont held 992,774 shares of the consumer non-durables company at the end of 2017Q3, valued at $40.85 million, down from 1.08 million at the end of the previous reported quarter. Coatue Management Llc who had been investing in Hain Celestial Group Inc for a number of months, seems to be less bullish one the $4.09 billion market cap company. The stock decreased 0.10% or $0.04 during the last trading session, reaching $39.41. About 738,530 shares traded. The Hain Celestial Group, Inc. (NASDAQ:HAIN) has declined 22.27% since January 14, 2017 and is downtrending. It has underperformed by 38.97% the S&P500.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.09, from 0.96 in 2017Q2. It worsened, as 54 investors sold HAIN shares while 103 reduced holdings. 54 funds opened positions while 83 raised stakes. 90.96 million shares or 1.02% less from 91.90 million shares in 2017Q2 were reported. Griffin Asset Management invested in 0.22% or 29,675 shares. 28,484 were reported by Voya Invest Management Limited Liability Company. Lapides Asset Mgmt Limited Liability Company accumulated 60,000 shares or 0.51% of the stock. Glg Ltd owns 30,000 shares. Dubuque Fincl Bank And Tru Company holds 10,753 shares or 0.07% of its portfolio. Tocqueville Asset Mngmt Limited Partnership holds 6,995 shares or 0% of its portfolio. Citigroup stated it has 0% in The Hain Celestial Group, Inc. (NASDAQ:HAIN). Dimensional Fund Advsrs Lp stated it has 0.02% of its portfolio in The Hain Celestial Group, Inc. (NASDAQ:HAIN). Alliancebernstein Limited Partnership invested 0% in The Hain Celestial Group, Inc. (NASDAQ:HAIN). 8.25M were accumulated by Blackrock Incorporated. Ameriprise accumulated 596,253 shares. Swiss Fincl Bank reported 0.01% of its portfolio in The Hain Celestial Group, Inc. (NASDAQ:HAIN). Teacher Retirement Systems Of Texas owns 8,554 shares or 0% of their US portfolio. Bankshares Of Montreal Can owns 0% invested in The Hain Celestial Group, Inc. (NASDAQ:HAIN) for 17,954 shares. Utah Retirement, a Utah-based fund reported 18,700 shares.

Analysts await The Hain Celestial Group, Inc. (NASDAQ:HAIN) to report earnings on February, 6. HAIN’s profit will be $43.59M for 23.46 P/E if the $0.42 EPS becomes a reality. After $0.23 actual earnings per share reported by The Hain Celestial Group, Inc. for the previous quarter, Wall Street now forecasts 82.61% EPS growth.

Among 30 analysts covering Hain Celestial Group (NASDAQ:HAIN), 11 have Buy rating, 2 Sell and 17 Hold. Therefore 37% are positive. Hain Celestial Group had 89 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Wedbush given on Wednesday, January 13. Barclays Capital downgraded The Hain Celestial Group, Inc. (NASDAQ:HAIN) on Tuesday, August 16 to “Equal-Weight” rating. As per Tuesday, June 20, the company rating was maintained by Susquehanna. The stock of The Hain Celestial Group, Inc. (NASDAQ:HAIN) earned “Outperform” rating by Cowen & Co on Wednesday, October 14. Susquehanna maintained the shares of HAIN in report on Tuesday, June 13 with “Buy” rating. As per Friday, June 23, the company rating was maintained by UBS. Piper Jaffray maintained the stock with “Overweight” rating in Thursday, August 20 report. The firm has “Buy” rating by BMO Capital Markets given on Wednesday, October 4. Oppenheimer maintained The Hain Celestial Group, Inc. (NASDAQ:HAIN) rating on Wednesday, November 4. Oppenheimer has “Perform” rating and $54 target. The firm has “Buy” rating by Maxim Group given on Thursday, July 13.

Coatue Management Llc, which manages about $14.38 billion and $12.24B US Long portfolio, upped its stake in Snap Inc by 1.70 million shares to 23.60M shares, valued at $343.14M in 2017Q3, according to the filing. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 2,268 shares in the quarter, for a total of 399,123 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Among 4 analysts covering Basic Sanitation Company of the State of Sao Paulo (NYSE:SBS), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. Basic Sanitation Company of the State of Sao Paulo had 6 analyst reports since February 21, 2017 according to SRatingsIntel. J.P. Morgan upgraded the stock to “Buy” rating in Monday, November 27 report. The firm earned “Sell” rating on Thursday, April 20 by Citigroup. The rating was downgraded by Citigroup on Tuesday, February 21 to “Neutral”. The stock has “Sell” rating by Citigroup on Monday, August 14. The firm has “Buy” rating given on Wednesday, November 22 by HSBC. The stock of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) has “Overweight” rating given on Monday, November 27 by JP Morgan.

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