Universal Beteiligungs und Servicegesellschaft mbH Invests $914,000 in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 220,310 shares of The Hain Celestial Group, valued at approximately $914,000, representing about 0.24% of the company's outstanding stock.
• Several institutional investors significantly increased their stakes in The Hain Celestial Group, with Invesco Ltd. expanding its holdings by 272.4% and others also making substantial purchases in the last quarter.
• Recent analyst reports show a generally negative outlook for The Hain Celestial Group, with many reducing target prices and maintaining a "Hold" rating.

Universal Beteiligungs und Servicegesellschaft mbH bought 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 filing with the Securities and Exchange Commission. The firm bought 220,310 shares of the company's stock, valued at approximately $914,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.24% of The Hain Celestial Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HAIN. Signaturefd LLC grew its position in The Hain Celestial Group by 174.5% in the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company's stock valued at $28,000 after acquiring an additional 4,360 shares in the last quarter. Wedmont Private Capital acquired a new position in The Hain Celestial Group in the 1st quarter valued at about $52,000. Byrne Asset Management LLC grew its position in The Hain Celestial Group by 240.0% in the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company's stock valued at $56,000 after acquiring an additional 9,599 shares in the last quarter. CWM LLC grew its position in The Hain Celestial Group by 106.8% in the 1st quarter. CWM LLC now owns 15,493 shares of the company's stock valued at $64,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Cerity Partners LLC grew its position in The Hain Celestial Group by 50.8% in the 1st quarter. Cerity Partners LLC now owns 16,708 shares of the company's stock valued at $69,000 after acquiring an additional 5,625 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, Director Neil Campbell acquired 25,640 shares of the company's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the acquisition, the director directly owned 62,929 shares of the company's stock, valued at $121,452.97. This trade represents a 68.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Celeste A. Clark bought 83,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average price of $1.79 per share, with a total value of $148,570.00. Following the transaction, the director owned 83,000 shares in the company, valued at approximately $148,570. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 308,640 shares of company stock worth $518,055. 0.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HAIN shares. Sanford C. Bernstein downgraded The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 target price for the company. in a research report on Thursday, May 8th. Stifel Nicolaus cut their target price on shares of The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Barclays cut their target price 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 note on Monday, May 12th. Evercore ISI cut their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Finally, Mizuho cut their target price on shares of The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $3.59.

The Hain Celestial Group Trading Up 0.3%

NASDAQ:HAIN traded up $0.01 during mid-day trading on Tuesday, reaching $1.53. The company's stock had a trading volume of 486,970 shares, compared to its average volume of 2,200,981. The company's fifty day simple moving average is $1.69 and its two-hundred day simple moving average is $2.93. 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, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43. The stock has a market cap of $137.63 million, a P/E ratio of -0.52 and a beta of 0.76.

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

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.