BNP Paribas Financial Markets Has $160,000 Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

BNP Paribas Financial Markets cut its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 84.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,086 shares of the company's stock after selling 144,174 shares during the quarter. BNP Paribas Financial Markets' holdings in The Hain Celestial Group were worth $160,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp increased its position in The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company's stock valued at $66,000 after acquiring an additional 3,554 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of The Hain Celestial Group during the fourth quarter valued at approximately $73,000. Grace & White Inc. NY acquired a new stake in shares of The Hain Celestial Group in the fourth quarter valued at approximately $86,000. Polymer Capital Management US LLC bought a new position in The Hain Celestial Group in the 4th quarter worth approximately $90,000. Finally, Union Bancaire Privee UBP SA acquired a new position in The Hain Celestial Group during the 4th quarter worth $97,000. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Trading Down 3.4%

Shares of NASDAQ HAIN traded down $0.06 during midday trading on Wednesday, reaching $1.72. 1,218,435 shares of the stock were exchanged, compared to its average volume of 1,754,657. The Hain Celestial Group, Inc. has a 12 month low of $1.30 and a 12 month high of $9.43. The company has a market capitalization of $155.24 million, a price-to-earnings ratio of -0.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00. The business has a 50-day simple moving average of $2.65 and a two-hundred day simple moving average of $4.55.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last posted its 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 Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The business had revenue of $390.35 million for the quarter, compared to the consensus estimate of $414.45 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business's revenue was down 10.9% on a year-over-year basis. As a group, equities research analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Maxim Group dropped their price objective on The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating for the company in a report on Thursday, May 8th. CL King restated a "neutral" rating on shares of The Hain Celestial Group in a research report on Thursday, May 8th. Evercore ISI dropped 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 research note on Wednesday, April 23rd. Finally, Barclays reduced their price objective 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. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $3.64.

Insider Activity

In related news, Director Neil Campbell acquired 25,640 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were acquired at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the acquisition, the director now directly owns 62,929 shares in the company, valued at approximately $121,452.97. The trade was a 68.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Celeste A. Clark bought 83,000 shares of The Hain Celestial Group stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of $1.79 per share, with a total value of $148,570.00. Following the completion of the purchase, the director now owns 83,000 shares in the company, valued at approximately $148,570. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 308,640 shares of company stock worth $518,055 in the last 90 days. Corporate insiders own 0.83% of the company's stock.

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.