Invenomic Capital Management LP Trims Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Invenomic Capital Management LP lowered its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,018,989 shares of the company's stock after selling 323,186 shares during the period. Invenomic Capital Management LP owned about 2.24% of The Hain Celestial Group worth $12,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HAIN. Wealthfront Advisers LLC bought a new position in The Hain Celestial Group during the fourth quarter worth about $370,371,000. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of The Hain Celestial Group by 9.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company's stock valued at $38,276,000 after acquiring an additional 555,195 shares during the period. Invesco Ltd. boosted its position in shares of The Hain Celestial Group by 272.4% in the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company's stock valued at $36,101,000 after acquiring an additional 4,293,945 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of The Hain Celestial Group by 512.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company's stock valued at $15,502,000 after acquiring an additional 2,108,845 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of The Hain Celestial Group in the fourth quarter valued at approximately $14,322,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Evercore ISI lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Piper Sandler lowered their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, January 16th. Barclays lowered their target price 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 note on Monday. Finally, Maxim Group lowered 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 note on Thursday, May 8th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, The Hain Celestial Group presently has an average rating of "Hold" and a consensus price target of $4.39.

Insiders Place Their Bets

In other The Hain Celestial Group news, Director Dawn M. Zier bought 200,000 shares of the firm's stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $1.60 per share, with a total value of $320,000.00. Following the transaction, the director now owns 288,229 shares in the company, valued at $461,166.40. This represents a 226.68% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.83% of the stock is owned by insiders.

The Hain Celestial Group Stock Down 6.6%

Shares of HAIN traded down $0.12 during trading hours on Wednesday, hitting $1.63. The company had a trading volume of 728,476 shares, compared to its average volume of 1,688,940. The Hain Celestial Group, Inc. has a 52-week low of $1.30 and a 52-week high of $9.43. The firm has a fifty day moving average price of $3.34 and a 200-day moving average price of $5.21. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The stock has a market capitalization of $146.66 million, a price-to-earnings ratio of -0.84 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its 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 Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The business had revenue of $390.35 million during the quarter, compared to analysts' expectations of $414.45 million. During the same period last year, the firm posted $0.13 EPS. The Hain Celestial Group's quarterly revenue was down 10.9% compared to the same quarter last year. On average, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

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.