Nantahala Capital Management LLC Buys New Position in The Hain Celestial Group, Inc. $HAIN

Key Points

• Nantahala Capital Management acquired 8.53 million Hain Celestial shares worth approximately $4.8 million, giving it a 9.45% stake. Institutional investors collectively own about 97% of the company.
• Analyst sentiment remains cautious: six analysts rate HAIN a Hold and two rate it Sell, producing a consensus “Reduce” rating and a $1.06 price target. Jefferies recently cut its target to $0.81.
• Hain Celestial shares rose 3.1% to $0.73, but the stock remains near its 52-week low range and has a market capitalization of roughly $66 million.

Nantahala Capital Management LLC purchased a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,528,789 shares of the company's stock, valued at approximately $4,777,828. Nantahala Capital Management LLC owned about 9.45% of The Hain Celestial Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HAIN. Solas Capital Management LLC acquired a new position in The Hain Celestial Group in the 2nd quarter valued at approximately $480,000. BNP Paribas Financial Markets boosted its stake in shares of The Hain Celestial Group by 28.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 230,490 shares of the company's stock valued at $350,000 after buying an additional 51,388 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of The Hain Celestial Group by 17.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,047,304 shares of the company's stock valued at $3,112,000 after buying an additional 307,857 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of The Hain Celestial Group by 1,296.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 458,100 shares of the company's stock valued at $696,000 after acquiring an additional 425,300 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of The Hain Celestial Group by 16.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company's stock valued at $102,000 after acquiring an additional 9,350 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HAIN shares. Weiss Ratings upgraded The Hain Celestial Group from a "sell (e)" rating to a "sell (e+)" rating in a report on Tuesday, August 11th. Wall Street Zen raised The Hain Celestial Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Jefferies Financial Group lowered their target price on The Hain Celestial Group from $1.03 to $0.81 and set a "hold" rating on the stock in a research note on Tuesday, July 7th. Six analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $1.06.

The Hain Celestial Group Stock Up 3.1%

Shares of NASDAQ:HAIN opened at $0.73 on Friday. The company has a market cap of $66.05 million, a price-to-earnings ratio of -0.13 and a beta of 0.72. The business has a 50 day moving average price of $0.59 and a 200 day moving average price of $0.70. The Hain Celestial Group, Inc. has a twelve month low of $0.48 and a twelve month high of $2.17.

About The Hain Celestial Group

The Hain Celestial Group, Inc NASDAQ: HAIN is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth's Best organic baby foods, Rudi's organic bakery items, Terra vegetable chips and Sensible Portions snacks.

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