Assenagon Asset Management S.A. Has $2.35 Million Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wealthfront Advisers LLC acquired a new position in shares of The Hain Celestial Group during the 4th quarter worth approximately $370,371,000. Invesco Ltd. increased its holdings in shares of The Hain Celestial Group by 272.4% during the 4th quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock worth $36,101,000 after acquiring an additional 4,293,945 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of The Hain Celestial Group during the 4th quarter worth approximately $14,322,000. Frontier Capital Management Co. LLC increased its holdings in shares of 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 acquiring an additional 2,108,845 shares during the last quarter. Finally, Raiffeisen Bank International AG acquired a new position in shares of The Hain Celestial Group during the 4th quarter worth approximately $12,619,000. Institutional investors own 97.01% of the company's stock.

Insiders Place Their Bets

In other news, Director Neil Campbell bought 25,640 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was acquired at an average price of $1.93 per share, with a total value of $49,485.20. Following the completion of the purchase, the director now directly owns 62,929 shares of the company's stock, valued at approximately $121,452.97. This represents a 68.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dawn M. Zier bought 200,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of $1.60 per share, for a total transaction of $320,000.00. Following the transaction, the director now owns 288,229 shares in the company, valued at $461,166.40. This represents a 226.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 308,640 shares of company stock valued at $518,055 in the last 90 days. Corporate insiders own 0.83% of the company's stock.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN traded down $0.05 during trading on Wednesday, reaching $1.65. 1,347,244 shares of the company traded hands, compared to its average volume of 1,774,466. The company's 50 day moving average is $2.28 and its two-hundred day moving average is $4.12. The firm has a market capitalization of $148.91 million, a PE ratio of 7.08 and a beta of 0.84. 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 Hain Celestial Group, Inc. has a 52 week low of $1.30 and a 52 week high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last released its earnings results 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 Hain Celestial Group had a negative net margin of 16.17% and a positive return on equity of 2.47%. The company had revenue of $390.35 million for the quarter, compared to the consensus estimate of $414.45 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business's revenue was down 10.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HAIN. Maxim Group decreased their target price 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. CL King restated a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Barclays reduced their price target on The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Stifel Nicolaus reduced their price target on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, Piper Sandler reduced their price target on The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a research note on Tuesday, June 3rd. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group presently has a consensus rating of "Hold" and an average target price of $3.64.

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.