Invenomic Capital Management LP Acquires 155,534 Shares of The Hain Celestial Group, Inc. $HAIN

Key Points

• Invenomic Capital Management LP increased its stake in The Hain Celestial Group by 7.7%, owning a total of 2,174,523 shares worth approximately $9 million after acquiring an additional 155,534 shares.
• The Hain Celestial Group's stock recently increased by 2.2%, with the current trading price at $1.86, while analysts have set new price targets ranging from $1.50 to $5.00.
• 97.01% of The Hain Celestial Group's stock is currently owned by institutional investors, reflecting strong institutional interest in the company's performance.

Invenomic Capital Management LP raised its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,174,523 shares of the company's stock after purchasing an additional 155,534 shares during the quarter. Invenomic Capital Management LP owned 2.41% of The Hain Celestial Group worth $9,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in shares of The Hain Celestial Group by 89.0% during the first quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company's stock worth $2,354,000 after acquiring an additional 267,161 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in The Hain Celestial Group by 32.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company's stock valued at $6,622,000 after buying an additional 391,034 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in The Hain Celestial Group by 45.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company's stock valued at $98,000 after buying an additional 7,389 shares during the last quarter. Wellington Management Group LLP purchased a new stake in The Hain Celestial Group in the fourth quarter valued at approximately $14,322,000. Finally, Janney Montgomery Scott LLC boosted its position in The Hain Celestial Group by 16.1% in the first quarter. Janney Montgomery Scott LLC now owns 84,143 shares of the company's stock valued at $349,000 after buying an additional 11,675 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Up 2.2%

NASDAQ HAIN opened at $1.86 on Friday. The business has a fifty day moving average price of $1.70 and a 200 day moving average price of $2.48. The Hain Celestial Group, Inc. has a one year low of $1.30 and a one year high of $9.43. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.99 and a current ratio of 1.81. The company has a market cap of $167.87 million, a P/E ratio of -0.64 and a beta of 0.79.

Analysts Set New Price Targets

A number of equities research analysts recently commented on HAIN shares. Sanford C. Bernstein lowered 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. Zacks Research upgraded The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Stifel Nicolaus dropped their target price 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. Maxim Group lowered their price objective on 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. Finally, Mizuho lowered their price objective on The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating on the stock in a research report on Monday, July 28th. One investment analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $3.59.

About The Hain Celestial Group

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.

Want to see what other hedge funds are holding HAIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.