Assenagon Asset Management S.A. lifted its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 44.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 820,560 shares of the company's stock after buying an additional 253,326 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.91% of The Hain Celestial Group worth $1,247,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HAIN. Charles Schwab Investment Management Inc. boosted its holdings in shares of The Hain Celestial Group by 32.5% in the first 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 during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in The Hain Celestial Group by 45.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company's stock worth $98,000 after buying an additional 7,389 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of The Hain Celestial Group in the fourth quarter valued at approximately $14,322,000. Jump Financial LLC purchased a new position in The Hain Celestial Group in the 1st quarter valued at about $814,000. Finally, Janney Montgomery Scott LLC raised its stake in The Hain Celestial Group by 16.1% in 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 during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.
The Hain Celestial Group Stock Down 1.3%
HAIN stock opened at $1.54 on Friday. The firm has a market capitalization of $139.05 million, a PE ratio of -0.26 and a beta of 0.79. The stock's 50 day moving average is $1.74 and its 200-day moving average is $2.23. The company has a quick ratio of 1.02, a current ratio of 1.91 and a debt-to-equity ratio of 1.47. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its quarterly earnings results on Monday, September 15th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06). The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The firm had revenue of $363.35 million for the quarter, compared to analysts' expectations of $371.58 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm's revenue for the quarter was down 13.4% on a year-over-year basis. Sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Zacks Research lowered shares of The Hain Celestial Group from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 17th. Mizuho dropped their target price on The Hain Celestial Group from $2.50 to $1.50 and set a "neutral" rating for the company in a research note on Tuesday, September 16th. Piper Sandler cut their target price on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. Wall Street Zen lowered shares of The Hain Celestial Group from a "hold" rating to a "sell" rating in a research report on Saturday, September 20th. Finally, Barclays reduced their price objective on shares of The Hain Celestial Group from $2.00 to $1.50 and set an "equal weight" rating for the company in a research note on Wednesday, September 17th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, The Hain Celestial Group presently has a consensus rating of "Hold" and an average target price of $3.28.
Get Our Latest Analysis on HAIN
Insiders Place Their Bets
In other news, CEO Alison Lewis bought 44,895 shares of the firm's stock in a transaction that occurred on Friday, September 19th. The shares were bought at an average cost of $1.50 per share, for a total transaction of $67,342.50. Following the completion of the transaction, the chief executive officer owned 74,895 shares of the company's stock, valued at approximately $112,342.50. This represents a 149.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Neil Campbell purchased 62,640 shares of The Hain Celestial Group stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average cost of $1.52 per share, for a total transaction of $95,212.80. Following the purchase, the director directly owned 125,569 shares in the company, valued at $190,864.88. This trade represents a 99.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 137,535 shares of company stock valued at $207,255. Corporate insiders own 1.71% of the company's stock.
The Hain Celestial Group Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding HAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report).

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