ProShare Advisors LLC Raises Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

ProShare Advisors LLC lifted its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 44.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,039 shares of the company’s stock after buying an additional 8,322 shares during the quarter. ProShare Advisors LLC’s holdings in The Hain Celestial Group were worth $166,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew its holdings in The Hain Celestial Group by 49.0% in the fourth quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock valued at $66,000 after purchasing an additional 3,554 shares during the period. Virtu Financial LLC purchased a new stake in The Hain Celestial Group in the fourth quarter valued at approximately $73,000. Grace & White Inc. NY purchased a new stake in The Hain Celestial Group in the fourth quarter valued at approximately $86,000. Polymer Capital Management US LLC purchased a new stake in The Hain Celestial Group in the fourth quarter valued at approximately $90,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in The Hain Celestial Group in the fourth quarter valued at approximately $97,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus lowered their target price on shares of 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. 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 for the company in a report on Friday, March 14th. Maxim Group lowered 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 report on Thursday, May 8th. Sanford C. Bernstein downgraded shares of 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. Finally, CL King restated a “neutral” rating on shares of The Hain Celestial Group in a report on Thursday, May 8th. Nine research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.22.

The Hain Celestial Group Price Performance

HAIN opened at $1.88 on Monday. 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, Inc. has a 52-week low of $1.30 and a 52-week high of $9.43. The company has a 50 day moving average of $2.79 and a two-hundred day moving average of $4.62. The company has a market cap of $169.68 million, a P/E ratio of -0.97 and a beta of 1.05.

The Hain Celestial Group (NASDAQ:HAIN) last posted its earnings results on Wednesday, May 7th. The company reported $0.07 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 firm had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was down 10.9% on a year-over-year basis. On average, analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Insider Transactions at The Hain Celestial Group

In other news, Director Celeste A. Clark bought 83,000 shares of The Hain Celestial Group stock in a transaction dated 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 owns 83,000 shares in the company, valued at approximately $148,570. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Neil Campbell bought 25,640 shares of The Hain Celestial Group stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the completion of the transaction, the director now owns 62,929 shares of the company’s stock, valued at approximately $121,452.97. This represents a 68.76% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 308,640 shares of company stock valued at $518,055. Corporate insiders own 0.83% of the company’s stock.

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.