The Hain Celestial Group, Inc. (NASDAQ:HAIN) Holdings Increased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 15.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 597,895 shares of the company’s stock after acquiring an additional 82,184 shares during the period. Cubist Systematic Strategies LLC owned 0.67% of The Hain Celestial Group worth $4,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in The Hain Celestial Group in the fourth quarter worth approximately $7,199,000. TFO Wealth Partners LLC raised its stake in shares of The Hain Celestial Group by 1,308,800.0% in the 4th quarter. TFO Wealth Partners LLC now owns 13,089 shares of the company’s stock worth $143,000 after buying an additional 13,088 shares in the last quarter. Madison Asset Management LLC lifted its holdings in shares of The Hain Celestial Group by 15.4% in the fourth quarter. Madison Asset Management LLC now owns 221,745 shares of the company’s stock valued at $2,428,000 after buying an additional 29,548 shares during the period. Aristides Capital LLC bought a new position in The Hain Celestial Group during the fourth quarter valued at about $280,000. Finally, PNC Financial Services Group Inc. grew its holdings in The Hain Celestial Group by 17.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,839 shares of the company’s stock worth $152,000 after acquiring an additional 2,096 shares during the period. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Trading Up 3.8 %

The Hain Celestial Group stock opened at $8.57 on Friday. The Hain Celestial Group, Inc. has a 52 week low of $5.68 and a 52 week high of $12.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98. The firm has a market capitalization of $769.96 million, a price-to-earnings ratio of -8.40 and a beta of 0.75. The company has a 50 day moving average price of $7.57 and a 200 day moving average price of $7.27.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The business had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The Hain Celestial Group’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. Research analysts forecast that The Hain Celestial Group, Inc. will post 0.49 EPS for the current year.

Insiders Place Their Bets

In related news, insider Chad D. Marquardt purchased 5,300 shares of The Hain Celestial Group stock in a transaction dated Wednesday, September 4th. The stock was acquired at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on HAIN. Barclays upped their price target on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. Stifel Nicolaus increased their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. DA Davidson restated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, The Hain Celestial Group presently has an average rating of “Hold” and a consensus target price of $10.88.

The Hain Celestial Group Company Profile

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.