Quadrature Capital Ltd Has $265,000 Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Quadrature Capital Ltd cut its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 44.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,260 shares of the company’s stock after selling 19,664 shares during the quarter. Quadrature Capital Ltd’s holdings in The Hain Celestial Group were worth $265,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in The Hain Celestial Group by 265.2% in the 4th quarter. Signaturefd LLC now owns 4,127 shares of the company’s stock valued at $45,000 after purchasing an additional 2,997 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of The Hain Celestial Group by 1,647.1% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,455 shares of the company’s stock valued at $46,000 after acquiring an additional 4,200 shares in the last quarter. Quadrant Capital Group LLC grew its position in The Hain Celestial Group by 204.3% during the 4th quarter. Quadrant Capital Group LLC now owns 8,221 shares of the company’s stock worth $90,000 after acquiring an additional 5,519 shares during the last quarter. Oak Thistle LLC acquired a new position in The Hain Celestial Group in the 4th quarter worth about $111,000. Finally, PNC Financial Services Group Inc. raised its position in The Hain Celestial Group by 146.4% in the third quarter. PNC Financial Services Group Inc. now owns 11,743 shares of the company’s stock valued at $122,000 after purchasing an additional 6,978 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling at The Hain Celestial Group

In related news, CFO Lee A. Boyce acquired 13,500 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was purchased at an average cost of $7.67 per share, with a total value of $103,545.00. Following the acquisition, the chief financial officer now owns 13,500 shares of the company’s stock, valued at approximately $103,545. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Lee A. Boyce acquired 13,500 shares of the company’s stock in a transaction on Monday, May 13th. The shares were acquired at an average cost of $7.67 per share, for a total transaction of $103,545.00. Following the purchase, the chief financial officer now owns 13,500 shares in the company, valued at $103,545. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Wendy P. Davidson acquired 5,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $6.99 per share, for a total transaction of $34,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 63,309 shares in the company, valued at $442,529.91. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 28,500 shares of company stock worth $207,995. Insiders own 0.72% of the company’s stock.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $6.72 on Thursday. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $13.23. The company has a current ratio of 2.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $603.72 million, a price-to-earnings ratio of -6.59 and a beta of 0.80. The firm has a fifty day simple moving average of $6.96 and a two-hundred day simple moving average of $8.62.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.07 by $0.06. The company had revenue of $438.36 million during the quarter, compared to the consensus estimate of $463.37 million. The Hain Celestial Group had a positive return on equity of 2.91% and a negative net margin of 5.14%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the business posted $0.08 EPS. Analysts expect that The Hain Celestial Group, Inc. will post 0.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HAIN shares. Piper Sandler reduced their price target on The Hain Celestial Group from $11.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Maxim Group decreased their price target on shares of The Hain Celestial Group from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Barclays cut their price target on shares of The Hain Celestial Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Friday, May 10th. Stifel Nicolaus reduced their price objective on shares of The Hain Celestial Group from $10.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Finally, DA Davidson lowered their target price on The Hain Celestial Group from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, May 16th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.78.

About The Hain Celestial Group

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.