BlackRock Inc. bought a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,898,815 shares of the company's stock, valued at approximately $1,624,000. BlackRock Inc. owned 3.21% of The Hain Celestial Group at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in The Hain Celestial Group by 151.1% during the 1st quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company's stock valued at $4,424,000 after buying an additional 641,567 shares in the last quarter. Millennium Management LLC grew its stake in The Hain Celestial Group by 295.4% in the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company's stock worth $19,637,000 after acquiring an additional 3,535,073 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in The Hain Celestial Group in the 1st quarter worth about $162,000. Empowered Funds LLC purchased a new position in shares of The Hain Celestial Group during the first quarter worth approximately $444,000. Finally, Cetera Investment Advisers increased its position in shares of The Hain Celestial Group by 255.1% during the second quarter. Cetera Investment Advisers now owns 43,876 shares of the company's stock worth $67,000 after acquiring an additional 31,521 shares during the period. 97.01% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on HAIN shares. Weiss Ratings downgraded shares of The Hain Celestial Group from a "sell (e+)" rating to a "sell (e)" rating in a research note on Friday, August 28th. Wall Street Zen raised The Hain Celestial Group from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group reduced their price objective on The Hain Celestial Group from $1.03 to $0.81 and set a "hold" rating on the stock in a report on Tuesday, July 7th. Six research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $1.06.
Read Our Latest Stock Analysis on The Hain Celestial Group
The Hain Celestial Group Price Performance
NASDAQ:HAIN opened at $0.75 on Monday. The Hain Celestial Group, Inc. has a 1-year low of $0.48 and a 1-year high of $2.17. The company has a 50-day moving average of $0.60 and a 200 day moving average of $0.69. The firm has a market cap of $67.50 million, a PE ratio of -0.13 and a beta of 0.80.
About The Hain Celestial Group
(
Free Report)
The Hain Celestial Group, Inc NASDAQ: HAIN is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.
Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth's Best organic baby foods, Rudi's organic bakery items, Terra vegetable chips and Sensible Portions snacks.
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