171,004 Shares in The Hain Celestial Group, Inc. (NASDAQ:HAIN) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired 171,004 shares of The Hain Celestial Group valued at approximately $710,000, increasing their ownership to 0.19% of the company.
• Several other institutional investors, like GSA Capital Partners LLP and Y Intercept Hong Kong Ltd, have significantly increased their positions in The Hain Celestial Group during the first quarter, collectively boosting institutional ownership to 97.01%.
• The company's stock recently reported a 1.3% decline, with a current trading price of $1.52, amidst analyst downgrades and lowered target prices.

XTX Topco Ltd purchased a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 171,004 shares of the company's stock, valued at approximately $710,000. XTX Topco Ltd owned about 0.19% of The Hain Celestial Group at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. GSA Capital Partners LLP grew its position in The Hain Celestial Group by 206.1% during the 1st quarter. GSA Capital Partners LLP now owns 318,326 shares of the company's stock worth $1,321,000 after acquiring an additional 214,334 shares during the last quarter. Federated Hermes Inc. boosted its position in The Hain Celestial Group by 21.3% in the 1st quarter. Federated Hermes Inc. now owns 1,059,302 shares of the company's stock valued at $4,396,000 after buying an additional 185,745 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in The Hain Celestial Group by 313.8% in the 1st quarter. KLP Kapitalforvaltning AS now owns 78,200 shares of the company's stock valued at $325,000 after buying an additional 59,300 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in The Hain Celestial Group in the 1st quarter valued at $914,000. Finally, Y Intercept Hong Kong Ltd boosted its position in The Hain Celestial Group by 332.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 203,080 shares of the company's stock valued at $843,000 after buying an additional 156,090 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HAIN has been the topic of a number of recent research reports. CL King reiterated a "neutral" rating on shares of The Hain Celestial Group in a research report on Thursday, May 8th. Sanford C. Bernstein cut The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 target price on the stock. in a report on Thursday, May 8th. Barclays reduced their target price on The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Evercore ISI reduced their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Finally, Maxim Group reduced their target price on The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $3.59.

The Hain Celestial Group Stock Down 1.3%

Shares of The Hain Celestial Group stock opened at $1.52 on Tuesday. The business's 50 day simple moving average is $1.69 and its 200 day simple moving average is $2.93. The Hain Celestial Group, Inc. has a 52-week low of $1.30 and a 52-week high of $9.43. The firm has a market cap of $137.18 million, a PE ratio of -0.53 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.99 and a current ratio of 1.81.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a positive return on equity of 2.47% and a negative net margin of 16.17%. The company had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period last year, the firm earned $0.13 EPS. The firm's revenue for the quarter was down 10.9% compared to the same quarter last year. On average, analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Transactions at The Hain Celestial Group

In other The Hain Celestial Group news, Director Celeste A. Clark purchased 83,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $1.79 per share, with a total value of $148,570.00. Following the acquisition, the director owned 83,000 shares of the company's stock, valued at approximately $148,570. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Dawn M. Zier purchased 200,000 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was bought at an average cost of $1.60 per share, with a total value of $320,000.00. Following the purchase, the director owned 288,229 shares of the company's stock, valued at approximately $461,166.40. This trade represents a 226.68% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 308,640 shares of company stock valued at $518,055. Corporate insiders own 0.83% of the company's stock.

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.

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