XTX Topco Ltd Invests $710,000 in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

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 stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its position in shares of 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 valued at $1,321,000 after buying an additional 214,334 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of The Hain Celestial Group by 21.3% during 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 lifted its position in shares of The Hain Celestial Group by 313.8% during 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 purchased a new position in shares of The Hain Celestial Group during the 1st quarter valued at $914,000. Finally, Y Intercept Hong Kong Ltd lifted its position in shares of The Hain Celestial Group by 332.2% during 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. Hedge funds and other institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN traded down $0.04 on Friday, hitting $1.62. The company's stock had a trading volume of 732,433 shares, compared to its average volume of 2,182,066. The company has a 50-day simple moving average of $1.66 and a 200 day simple moving average of $2.89. The Hain Celestial Group, Inc. has a 1 year low of $1.30 and a 1 year high of $9.43. The company has a market capitalization of $145.75 million, a PE ratio of -0.56 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.81 and a quick ratio of 0.99.

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

Insider Transactions at The Hain Celestial Group

In other news, Director Neil Campbell acquired 25,640 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were bought at an average cost of $1.93 per share, with a total value of $49,485.20. Following the acquisition, the director owned 62,929 shares in the company, valued at approximately $121,452.97. This represents a 68.76% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Celeste A. Clark purchased 83,000 shares of The Hain Celestial Group stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the completion of the transaction, the director owned 83,000 shares in the company, valued at $148,570. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Evercore ISI cut their price target on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. CL King reissued a "neutral" rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Maxim Group dropped their price objective 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. Sanford C. Bernstein cut The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price objective on the stock. in a report on Thursday, May 8th. Finally, Mizuho dropped their price objective on The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a report on Monday, July 28th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $3.59.

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.