Millennium Management LLC Has $7.36 Million Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Millennium Management LLC trimmed its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 41.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,196,617 shares of the company’s stock after selling 846,081 shares during the period. Millennium Management LLC owned approximately 1.33% of The Hain Celestial Group worth $7,359,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in The Hain Celestial Group by 49.0% in the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after purchasing an additional 3,554 shares during the period. Virtu Financial LLC bought a new stake in shares of The Hain Celestial Group in the fourth quarter worth $73,000. Grace & White Inc. NY acquired a new position in The Hain Celestial Group during the fourth quarter worth $86,000. Polymer Capital Management US LLC bought a new position in The Hain Celestial Group in the fourth quarter valued at $90,000. Finally, Union Bancaire Privee UBP SA bought a new stake in The Hain Celestial Group during the 4th quarter worth about $97,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on HAIN shares. Stifel Nicolaus lowered their target price on The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating on the stock in a research report on Thursday, May 8th. Barclays decreased 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 note on Monday, May 12th. JPMorgan Chase & Co. lowered their target price on shares of 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. CL King reiterated a “neutral” rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Finally, Sanford C. Bernstein lowered shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 price objective on the stock. in a research note on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.39.

The Hain Celestial Group Stock Down 2.6%

The Hain Celestial Group stock opened at $1.87 on Tuesday. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43. The company’s 50-day moving average price is $2.94 and its two-hundred day moving average price is $4.76. 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 stock has a market cap of $168.77 million, a P/E ratio of -0.96 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The firm had revenue of $390.35 million during the quarter, compared to the consensus estimate of $414.45 million. During the same quarter last year, the firm earned $0.13 earnings per share. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. As a group, analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Insiders Place Their Bets

In related news, Director Dawn M. Zier acquired 200,000 shares of the company’s stock in a transaction on Friday, May 9th. The stock was purchased at an average cost of $1.60 per share, with a total value of $320,000.00. Following the acquisition, the director now directly owns 288,229 shares of the company’s stock, valued at approximately $461,166.40. The trade was a 226.68% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Neil Campbell purchased 25,640 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was bought at an average cost of $1.93 per share, with a total value of $49,485.20. Following the purchase, the director now owns 62,929 shares of the company’s stock, valued at $121,452.97. This represents a 68.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 308,640 shares of company stock worth $518,055 in the last quarter. Corporate insiders own 0.83% of the company’s stock.

The Hain Celestial Group 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.