Y Intercept Hong Kong Ltd Has $843,000 Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Key Points

• Y Intercept Hong Kong Ltd increased its holdings in The Hain Celestial Group by 332.2%, owning 203,080 shares worth approximately $843,000 as of its latest SEC filing.
• Institutional investors and hedge funds collectively own 97.01% of The Hain Celestial Group's stock, indicating substantial institutional interest.
• New insights from Wall Street analysts show the stock has a consensus rating of "Hold" with an average target price of $3.64, despite recent earnings that missed analysts' expectations.

Y Intercept Hong Kong Ltd grew its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 332.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 203,080 shares of the company's stock after buying an additional 156,090 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.23% of The Hain Celestial Group worth $843,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. MetLife Investment Management LLC grew its holdings in The Hain Celestial Group by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 54,389 shares of the company's stock worth $334,000 after acquiring an additional 3,215 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in The Hain Celestial Group by 1.3% during the 1st quarter. Allianz Asset Management GmbH now owns 294,715 shares of the company's stock worth $1,223,000 after acquiring an additional 3,715 shares during the last quarter. Franklin Resources Inc. grew its holdings in The Hain Celestial Group by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 56,239 shares of the company's stock worth $346,000 after acquiring an additional 3,732 shares during the last quarter. Signaturefd LLC grew its holdings in 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 acquiring an additional 4,360 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its holdings in 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 acquiring an additional 4,650 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. CL King reaffirmed a "neutral" rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Sanford C. Bernstein lowered shares of 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 note on Thursday, May 8th. Piper Sandler reduced their target price on shares of The Hain Celestial Group from $2.00 to $1.80 and set a "neutral" rating on the stock in a research note on Tuesday, June 3rd. Maxim Group dropped their target price on shares of The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Barclays dropped 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 research report on Monday, May 12th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $3.64.

Insiders Place Their Bets

In related news, Director Dawn M. Zier bought 200,000 shares of the company's stock in a transaction on Friday, May 9th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $320,000.00. Following the acquisition, the director owned 288,229 shares of the company's stock, valued at approximately $461,166.40. This represents a 226.68% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Celeste A. Clark bought 83,000 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were bought at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the completion of the acquisition, the director directly owned 83,000 shares in the company, valued at approximately $148,570. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 308,640 shares of company stock worth $518,055. Company insiders own 0.83% of the company's stock.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $1.87 on Friday. The company has a market capitalization of $168.77 million, a price-to-earnings ratio of -0.65 and a beta of 0.78. The firm's 50 day simple moving average is $1.73 and its 200 day simple moving average is $3.10. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.81 and a quick ratio of 0.99. The Hain Celestial Group, Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.05). The firm had revenue of $390.35 million during the quarter, compared to analyst estimates of $414.45 million. The Hain Celestial Group had a negative net margin of 16.17% and a positive return on equity of 2.47%. The business's revenue was down 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. As a group, sell-side analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

The Hain Celestial Group Company Profile

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.

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