Jump Financial LLC Acquires Shares of 196,024 The Hain Celestial Group, Inc. $HAIN

Key Points

• Jump Financial LLC purchased 196,024 shares of The Hain Celestial Group, Inc., valued at approximately $814,000, representing around 0.22% of the company's total stock.
• Several institutional investors significantly increased their stakes in The Hain Celestial Group during the first quarter, with increases as high as 6,315.1% reported by Brooklyn Investment Group.
• Analysts have lowered their price targets for The Hain Celestial Group, with the most recent targets ranging from $1.50 to $5.00, reflecting a consensus rating of "Hold."

Jump Financial LLC acquired a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 196,024 shares of the company's stock, valued at approximately $814,000. Jump Financial LLC owned about 0.22% of The Hain Celestial Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its position in shares of The Hain Celestial Group by 89.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company's stock valued at $2,354,000 after purchasing an additional 267,161 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of The Hain Celestial Group by 32.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company's stock valued at $6,622,000 after purchasing an additional 391,034 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of The Hain Celestial Group by 45.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company's stock valued at $98,000 after purchasing an additional 7,389 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of The Hain Celestial Group during the 4th quarter valued at about $14,322,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of The Hain Celestial Group by 16.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 84,143 shares of the company's stock valued at $349,000 after purchasing an additional 11,675 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Stock Up 0.3%

Shares of HAIN stock traded up $0.01 during trading hours on Friday, reaching $1.87. The company had a trading volume of 345,123 shares, compared to its average volume of 2,040,656. The Hain Celestial Group, Inc. has a 12 month low of $1.30 and a 12 month high of $9.43. 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 business has a fifty day simple moving average of $1.70 and a 200-day simple moving average of $2.48. The company has a market cap of $168.32 million, a price-to-earnings ratio of -0.65 and a beta of 0.79.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Sanford C. Bernstein lowered 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 research report on Thursday, May 8th. Mizuho cut their price objective on shares of The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a research report on Monday, July 28th. CL King reissued a "neutral" rating on shares of The Hain Celestial Group in a research report on Thursday, May 8th. Barclays cut their price objective on shares of The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Finally, Zacks Research raised shares of The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. One research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, The Hain Celestial Group has an average rating of "Hold" and an average price target of $3.59.

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.