The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 41.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,196,617 shares of the company's stock after selling 846,081 shares during the period. Millennium Management LLC owned 1.33% of The Hain Celestial Group worth $7,359,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of 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 purchasing an additional 3,554 shares during the last quarter. Virtu Financial LLC acquired a new stake in The Hain Celestial Group in the 4th quarter valued at $73,000. Grace & White Inc. NY acquired a new stake in The Hain Celestial Group in the 4th quarter valued at $86,000. Polymer Capital Management US LLC acquired a new stake in The Hain Celestial Group during the 4th quarter worth $90,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of The Hain Celestial Group during the fourth quarter worth $97,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HAIN has been the subject of a number of research reports. Mizuho dropped their target price on shares of The Hain Celestial Group from $3.50 to $3.00 and set a "neutral" rating for the company in a report on Wednesday. Maxim Group decreased their target price on shares of 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. Barclays reduced their price target 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 report on Monday, May 12th. Sanford C. Bernstein cut shares of The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 price target on the stock. in a research report on Thursday, May 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $4.22.

The Hain Celestial Group Stock Up 1.3%

The Hain Celestial Group stock traded up $0.03 during mid-day trading on Friday, hitting $1.89. The company had a trading volume of 466,095 shares, compared to its average volume of 2,551,323. The stock has a market cap of $170.13 million, a price-to-earnings ratio of -0.97 and a beta of 1.05. The Hain Celestial Group, Inc. has a 1 year low of $1.30 and a 1 year high of $9.43. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average of $2.82 and a 200 day moving average of $4.68.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly 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 company had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period in the prior year, the business earned $0.13 earnings per share. The Hain Celestial Group's revenue for the quarter was down 10.9% compared to the same quarter last year. On average, sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other The Hain Celestial Group news, Director Celeste A. Clark bought 83,000 shares of The Hain Celestial Group stock in a transaction on Tuesday, May 13th. The stock was bought at an average price of $1.79 per share, with a total value of $148,570.00. Following the completion of the acquisition, the director now owns 83,000 shares in the company, valued at $148,570. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Neil Campbell bought 25,640 shares of The Hain Celestial Group stock in a transaction on Thursday, May 22nd. The stock was acquired at an average cost of $1.93 per share, with a total value of $49,485.20. Following the acquisition, the director now owns 62,929 shares of the company's stock, valued at $121,452.97. This trade represents a 68.76% increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 308,640 shares of company stock valued at $518,055 over the last three months. 0.83% of the stock is currently owned by company insiders.

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.