Assenagon Asset Management S.A. Raises Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Assenagon Asset Management S.A. increased its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 89.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 567,234 shares of the company’s stock after acquiring an additional 267,161 shares during the period. Assenagon Asset Management S.A. owned approximately 0.63% of The Hain Celestial Group worth $2,354,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund raised its stake in shares of The Hain Celestial Group by 4.4% during the fourth quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock valued at $302,000 after acquiring an additional 2,091 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of The Hain Celestial Group by 6.3% during the fourth quarter. MetLife Investment Management LLC now owns 54,389 shares of the company’s stock valued at $334,000 after buying an additional 3,215 shares during the last quarter. Van ECK Associates Corp lifted its position in The Hain Celestial Group by 49.0% during 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. Franklin Resources Inc. lifted its position in The Hain Celestial Group by 7.1% during the fourth quarter. Franklin Resources Inc. now owns 56,239 shares of the company’s stock valued at $346,000 after purchasing an additional 3,732 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in shares of The Hain Celestial Group by 8.5% in the fourth quarter. Ensign Peak Advisors Inc now owns 59,208 shares of the company’s stock worth $364,000 after acquiring an additional 4,650 shares during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HAIN. Evercore ISI reduced their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a research report on Wednesday, April 23rd. Piper Sandler reduced their price objective on shares of The Hain Celestial Group from $2.00 to $1.80 and set a “neutral” rating on the stock in a report on Tuesday, June 3rd. JPMorgan Chase & Co. reduced their price objective 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. Barclays dropped 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 report on Monday, May 12th. Finally, Stifel Nicolaus dropped their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating 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 company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $3.64.

The Hain Celestial Group Stock Up 5.6%

HAIN stock opened at $1.71 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm’s 50-day moving average is $2.32 and its two-hundred day moving average is $4.14. 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 $154.33 million, a price-to-earnings ratio of -0.88 and a beta of 0.84.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $414.45 million. During the same period last year, the business earned $0.13 earnings per share. The business’s revenue was down 10.9% on a year-over-year basis. On average, analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Transactions at The Hain Celestial Group

In related news, Director Dawn M. Zier acquired 200,000 shares of the firm’s stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $1.60 per share, with a total value of $320,000.00. Following the acquisition, the director now directly owns 288,229 shares in the company, valued at $461,166.40. The trade was a 226.68% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Neil Campbell acquired 25,640 shares of the firm’s stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the acquisition, the director now owns 62,929 shares in the company, valued at approximately $121,452.97. The trade was a 68.76% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 308,640 shares of company stock worth $518,055. 0.83% of the stock is owned by insiders.

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.