Icahn Adds to Hain Celestial Stake
According to a filing with the Securities and Exchange Commission, billionaire activist investor Carl Icahn has further increased his stake in Hain Celestial Group (HAIN) by purchasing 75,000 shares of the stock on Nov. 14 at an average price of $58.97. Icahn has been interested in the $2.8 billion market cap provider of natural and organic foods for some time. Our database of 13F filings shows that he has had a large position in the company for at least the last year and a half (research Icahn's activity in Hain Celestial over time and see what his top picks are now).
In September, we reported on an insider purchase at Hain Celestial, with a board member buying 1,000 shares at an average price of $68.02 (learn more about the insider purchase). While Icahn Capital Management had the largest position in Hain Celestial at the end of September out of all the hedge funds and other notable investors tracked in our database of 13F filings, Tiger Cub Philippe Laffont's Coatue Management had more than doubled its stake to a total of 1.9 million shares....459 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
