Assenagon Asset Management S.A. Boosts Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Assenagon Asset Management S.A. lifted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 89.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 567,234 shares of the company's stock after acquiring an additional 267,161 shares during the period. Assenagon Asset Management S.A. owned 0.63% of The Hain Celestial Group worth $2,354,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in HAIN. Wealthfront Advisers LLC purchased a new stake in The Hain Celestial Group during the fourth quarter valued at approximately $370,371,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock valued at $38,276,000 after purchasing an additional 555,195 shares during the last quarter. Invesco Ltd. boosted its position in shares of The Hain Celestial Group by 272.4% in the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock worth $36,101,000 after purchasing an additional 4,293,945 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in The Hain Celestial Group by 512.0% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock worth $15,502,000 after buying an additional 2,108,845 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in The Hain Celestial Group during the 4th quarter valued at about $14,322,000. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Hain Celestial Group

In other The Hain Celestial Group news, Director Neil Campbell purchased 25,640 shares of the stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the transaction, the director now owns 62,929 shares of the company's stock, valued at $121,452.97. This trade represents a 68.76% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Dawn M. Zier acquired 200,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $1.60 per share, with a total value of $320,000.00. Following the completion of the transaction, the director now directly owns 288,229 shares of the company's stock, valued at approximately $461,166.40. This represents a 226.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 308,640 shares of company stock valued at $518,055. 0.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

HAIN has been the subject of several recent analyst reports. Stifel Nicolaus lowered their price target on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a report on Thursday, May 8th. Mizuho lowered their target price on shares of The Hain Celestial Group from $3.50 to $3.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Maxim Group dropped their target price on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Evercore ISI decreased their price target on shares of 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. Finally, CL King reiterated a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $3.64.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN traded down $0.06 during midday trading on Friday, reaching $1.60. The company's stock had a trading volume of 1,166,695 shares, compared to its average volume of 2,411,049. The company has a quick ratio of 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 1.01. The stock has a fifty day moving average of $2.21 and a 200 day moving average of $4.06. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43. The firm has a market capitalization of $143.95 million, a PE ratio of -0.55 and a beta of 0.84.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced 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 company had revenue of $390.35 million for 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 Hain Celestial Group's revenue for the quarter 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. On average, equities analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

The Hain Celestial Group 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.