Jane Street Group LLC Increases Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Jane Street Group LLC increased its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 66.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,009 shares of the company’s stock after buying an additional 115,559 shares during the period. Jane Street Group LLC owned about 0.32% of The Hain Celestial Group worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HAIN. Van ECK Associates Corp lifted its position in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after buying an additional 3,554 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of The Hain Celestial Group during the 4th quarter valued at approximately $73,000. Grace & White Inc. NY purchased a new position in shares of The Hain Celestial Group during the 4th quarter valued at approximately $86,000. Polymer Capital Management US LLC purchased a new position in shares of The Hain Celestial Group during the 4th quarter valued at approximately $90,000. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of The Hain Celestial Group during the 4th quarter valued at approximately $97,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Up 9.4%

Shares of HAIN opened at $1.97 on Friday. The Hain Celestial Group, Inc. has a 52-week low of $1.30 and a 52-week high of $9.43. The company has a market capitalization of $177.80 million, a PE ratio of -1.02 and a beta of 1.05. The stock has a fifty day simple moving average of $3.18 and a two-hundred day simple moving average of $5.06. The company has a quick ratio of 1.00, a current ratio of 1.90 and a debt-to-equity ratio of 0.90.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) 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 company had revenue of $390.35 million during the quarter, compared to analyst estimates of $414.45 million. During the same period last year, the business earned $0.13 earnings per share. The firm’s revenue was down 10.9% compared to the same quarter last year. As a group, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

HAIN has been the topic of a number of recent analyst reports. Maxim Group decreased their target price on The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Barclays decreased their price objective on The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating on the stock in a report on Monday, May 12th. JPMorgan Chase & Co. decreased their price objective on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. Evercore ISI decreased their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus decreased their price objective on The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating on the stock in a report on Thursday, May 8th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, The Hain Celestial Group currently has an average rating of “Hold” and a consensus price target of $4.39.

Insiders Place Their Bets

In related news, Director Dawn M. Zier bought 200,000 shares of the business’s stock in a transaction on Friday, May 9th. The stock was acquired at an average cost of $1.60 per share, with a total value of $320,000.00. Following the purchase, the director now directly owns 288,229 shares of the company’s stock, valued at $461,166.40. The trade was a 226.68% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Celeste A. Clark acquired 83,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $1.79 per share, with a total value of $148,570.00. Following the completion of the transaction, the director now directly owns 83,000 shares in the company, valued at approximately $148,570. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased 286,200 shares of company stock valued at $481,498 in the last three months. 0.83% of the stock is currently owned by insiders.

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.