166,347 Shares in The Hain Celestial Group, Inc. $HAIN Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 166,347 shares of The Hain Celestial Group, Inc., valued at approximately $690,000, marking a new position for the institutional investor.
• Analysts have issued mixed ratings on Hain Celestial, with Sanford C. Bernstein downgrading the stock to "market perform" with a target price of $1.50, while other firms set varying target prices, reflecting diverse outlooks on the stock.
• The Hain Celestial Group's stock has shown a recent trading increase of 9.4%, opening at $1.86, with a market capitalization of $167.87 million and a PE ratio of -0.64.

Quantbot Technologies LP acquired a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 166,347 shares of the company's stock, valued at approximately $690,000. Quantbot Technologies LP owned about 0.18% of The Hain Celestial Group as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of The Hain Celestial Group by 174.5% during the first quarter. Signaturefd LLC now owns 6,858 shares of the company's stock valued at $28,000 after purchasing an additional 4,360 shares during the last quarter. Wedmont Private Capital purchased a new stake in The Hain Celestial Group during the first quarter valued at approximately $52,000. Brooklyn Investment Group increased its holdings in The Hain Celestial Group by 6,315.1% during the first quarter. Brooklyn Investment Group now owns 12,766 shares of the company's stock valued at $53,000 after buying an additional 12,567 shares during the last quarter. Byrne Asset Management LLC increased its holdings in The Hain Celestial Group by 240.0% during the first quarter. Byrne Asset Management LLC now owns 13,599 shares of the company's stock valued at $56,000 after buying an additional 9,599 shares during the last quarter. Finally, CWM LLC increased its holdings in The Hain Celestial Group by 106.8% during the first quarter. CWM LLC now owns 15,493 shares of the company's stock valued at $64,000 after buying an additional 8,000 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

The Hain Celestial Group Price Performance

Shares of NASDAQ HAIN traded up $0.02 during midday trading on Friday, reaching $1.80. The stock had a trading volume of 848,773 shares, compared to its average volume of 1,025,317. The stock has a 50-day moving average of $1.68 and a 200-day moving average of $2.53. 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 capitalization of $162.45 million, a price-to-earnings ratio of -0.62 and a beta of 0.76. The Hain Celestial Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.43.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Barclays reduced their target price on shares of The Hain Celestial Group from $4.00 to $2.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Piper Sandler reduced their target price on shares of The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating for the company in a report on Tuesday, June 3rd. Stifel Nicolaus reduced their target price on shares of The Hain Celestial Group from $4.00 to $1.50 and set a "hold" rating for the company in a report on Thursday, May 8th. Zacks Research raised shares of The Hain Celestial Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Mizuho reduced their target price on shares of The Hain Celestial Group from $3.00 to $2.50 and set a "neutral" rating for the company in a report on Monday, July 28th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price 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.