Invenomic Capital Management LP Has $9.02 Million Holdings in 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 position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,174,523 shares of the company's stock after acquiring an additional 155,534 shares during the quarter. Invenomic Capital Management LP owned about 2.41% of The Hain Celestial Group worth $9,024,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Allianz Asset Management GmbH boosted its position in The Hain Celestial Group by 1.3% during the first quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company's stock valued at $1,223,000 after acquiring an additional 3,715 shares during the last quarter. Signaturefd LLC boosted its position in shares of The Hain Celestial Group by 174.5% during the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company's stock worth $28,000 after purchasing an additional 4,360 shares in the last quarter. Ensign Peak Advisors Inc boosted its position in shares of The Hain Celestial Group by 8.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 59,208 shares of the company's stock worth $364,000 after purchasing an additional 4,650 shares in the last quarter. Cerity Partners LLC boosted its position in shares of The Hain Celestial Group by 50.8% during the 1st quarter. Cerity Partners LLC now owns 16,708 shares of the company's stock worth $69,000 after purchasing an additional 5,625 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of The Hain Celestial Group by 43.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,266 shares of the company's stock worth $118,000 after purchasing an additional 5,841 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Stock Up 6.0%

Shares of HAIN traded up $0.12 on Wednesday, reaching $2.03. The company's stock had a trading volume of 689,422 shares, compared to its average volume of 2,026,575. The company has a current ratio of 1.81, a quick ratio of 0.99 and a debt-to-equity ratio of 1.01. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43. The stock has a market capitalization of $182.76 million, a PE ratio of -0.70 and a beta of 0.79. The firm has a fifty day moving average of $1.72 and a 200-day moving average of $2.42.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HAIN shares. Mizuho cut their price objective on shares of 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. Zacks Research raised shares of The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 19th. Finally, Piper Sandler cut their price objective on shares of The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a research report on Tuesday, June 3rd. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.