Cubist Systematic Strategies LLC Sells 401,633 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Cubist Systematic Strategies LLC decreased its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 91.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,676 shares of the company's stock after selling 401,633 shares during the period. Cubist Systematic Strategies LLC's holdings in The Hain Celestial Group were worth $219,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HAIN. Bridgeway Capital Management LLC bought a new stake in shares of The Hain Celestial Group in the fourth quarter worth about $1,451,000. Balyasny Asset Management L.P. purchased a new stake in shares of The Hain Celestial Group in the fourth quarter valued at approximately $781,000. AYAL Capital Advisors Ltd purchased a new stake in The Hain Celestial Group during the fourth quarter worth $1,561,000. Jane Street Group LLC lifted its holdings in The Hain Celestial Group by 66.2% during the fourth quarter. Jane Street Group LLC now owns 290,009 shares of the company's stock worth $1,784,000 after buying an additional 115,559 shares during the period. Finally, Comerica Bank increased its position in shares of The Hain Celestial Group by 77.9% during the fourth quarter. Comerica Bank now owns 62,299 shares of the company's stock worth $383,000 after purchasing an additional 27,287 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Insider Buying and Selling

In related news, Director Neil Campbell purchased 25,640 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was bought 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 owns 62,929 shares in the company, valued at approximately $121,452.97. This represents a 68.76% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dawn M. Zier bought 200,000 shares of the company's stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $1.60 per share, for a total transaction of $320,000.00. Following the acquisition, 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. In the last three months, insiders have acquired 308,640 shares of company stock valued at $518,055. 0.83% of the stock is owned by insiders.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN traded down $0.05 during trading hours on Friday, reaching $1.87. The stock had a trading volume of 1,267,970 shares, compared to its average volume of 1,743,733. The business's fifty day moving average is $2.98 and its two-hundred day moving average is $4.85. 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 company has a market cap of $168.77 million, a price-to-earnings ratio of -0.96 and a beta of 1.05. 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 issued its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $390.35 million for the quarter, compared to the consensus estimate of $414.45 million. During the same quarter last year, the business posted $0.13 EPS. The Hain Celestial Group's quarterly revenue was down 10.9% on a year-over-year basis. As a group, research analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

HAIN has been the topic of several analyst reports. Stifel Nicolaus cut their price target on The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating on the stock 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. CL King reissued a "neutral" rating on shares of The Hain Celestial Group in a research report on Thursday, May 8th. Sanford C. Bernstein lowered shares of The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 target price on the stock. in a research report on Thursday, May 8th. Finally, Maxim Group cut their price target on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, The Hain Celestial Group currently has an average rating of "Hold" and an average price target of $4.39.

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.