Y Intercept Hong Kong Ltd Raises Stake 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 increased its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 332.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 about 0.23% of The Hain Celestial Group worth $843,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in The Hain Celestial Group by 89.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 567,234 shares of the company's stock worth $2,354,000 after buying an additional 267,161 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in The Hain Celestial Group by 45.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,592 shares of the company's stock worth $98,000 after purchasing an additional 7,389 shares in the last quarter. Wellington Management Group LLP bought a new stake in The Hain Celestial Group during the 4th quarter worth approximately $14,322,000. JPMorgan Chase & Co. increased its holdings in The Hain Celestial Group by 53.5% during the 4th quarter. JPMorgan Chase & Co. now owns 491,877 shares of the company's stock worth $3,025,000 after purchasing an additional 171,420 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in The Hain Celestial Group by 16.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 84,143 shares of the company's stock worth $349,000 after purchasing an additional 11,675 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Hain Celestial Group

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

The Hain Celestial Group Stock Performance

The Hain Celestial Group stock traded down $0.02 during trading on Tuesday, hitting $1.75. The stock had a trading volume of 143,846 shares, compared to its average volume of 2,233,219. 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 0.99, a current ratio of 1.81 and a debt-to-equity ratio of 1.01. The stock's 50 day moving average is $1.72 and its two-hundred day moving average is $3.04. The stock has a market cap of $157.49 million, a price-to-earnings ratio of -0.60 and a beta of 0.78.

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

Wall Street Analysts Forecast Growth

HAIN has been the subject of a number of recent research reports. Evercore ISI decreased their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating for the company in a report on Wednesday, April 23rd. Barclays decreased their price objective on 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. Stifel Nicolaus reduced their target price on 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. Maxim Group reduced their target price on The Hain Celestial Group from $10.00 to $5.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Sanford C. Bernstein lowered The Hain Celestial Group from an "outperform" rating to a "market perform" rating and set a $1.50 target price for the company. in a report on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, The Hain Celestial Group has an average rating of "Hold" and an average 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.