SG Americas Securities LLC Purchases New Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

SG Americas Securities LLC purchased a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 30,184 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors also recently bought and sold shares of HAIN. Signaturefd LLC raised its holdings in The Hain Celestial Group by 125.9% in the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after buying an additional 2,226 shares during the last quarter. nVerses Capital LLC raised its holdings in The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after acquiring an additional 2,900 shares during the last quarter. CWM LLC raised its holdings in The Hain Celestial Group by 357.8% in the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after acquiring an additional 6,895 shares during the last quarter. Choreo LLC bought a new position in The Hain Celestial Group in the 2nd quarter valued at approximately $71,000. Finally, Evergreen Capital Management LLC purchased a new stake in The Hain Celestial Group during the 2nd quarter valued at $72,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Price Performance

NASDAQ:HAIN opened at $8.92 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.01. The business has a 50 day simple moving average of $7.93 and a 200-day simple moving average of $7.33. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $12.49. The firm has a market capitalization of $801.41 million, a price-to-earnings ratio of -8.75 and a beta of 0.75.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The company had revenue of $419.00 million for the quarter, compared to the consensus estimate of $417.99 million. During the same period last year, the business posted $0.11 EPS. The Hain Celestial Group’s quarterly revenue was down 6.4% on a year-over-year basis. Equities analysts forecast that The Hain Celestial Group, Inc. will post 0.48 EPS for the current year.

Insider Transactions at The Hain Celestial Group

In other news, insider Chad D. Marquardt purchased 5,300 shares of the stock in a transaction on Wednesday, September 4th. The stock was bought at an average price of $8.32 per share, with a total value of $44,096.00. Following the transaction, the insider now owns 15,300 shares in the company, valued at $127,296. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HAIN. Barclays upped their price target on 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. DA Davidson reaffirmed a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Stifel Nicolaus upped their price target on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $9.57.

The Hain Celestial Group 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.