The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC reduced its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 74.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,802 shares of the company’s stock after selling 22,848 shares during the quarter. GAMMA Investing LLC’s holdings in The Hain Celestial Group were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its stake 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 worth $66,000 after purchasing an additional 3,554 shares in the last quarter. Virtu Financial LLC purchased a new stake in The Hain Celestial Group in the 4th quarter valued at approximately $73,000. Polymer Capital Management US LLC acquired a new stake in The Hain Celestial Group during the 4th quarter valued at $90,000. Union Bancaire Privee UBP SA purchased a new position in The Hain Celestial Group during the fourth quarter worth $97,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of The Hain Celestial Group in the fourth quarter worth $116,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Sanford C. Bernstein lowered 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. Mizuho reduced their target price on shares of The Hain Celestial Group from $3.50 to $3.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Maxim Group lowered their price target 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. 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. Finally, CL King reissued a “neutral” rating on shares of The Hain Celestial Group in a research note on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and a consensus price target of $3.64.

The Hain Celestial Group Trading Down 3.6%

NASDAQ HAIN opened at $1.59 on Friday. The company has a market cap of $143.50 million, a P/E ratio of -0.55 and a beta of 0.84. The Hain Celestial Group, Inc. has a 12 month low of $1.30 and a 12 month high of $9.43. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.81 and a quick ratio of 0.99. The company has a 50-day moving average of $2.18 and a 200-day moving average of $4.01.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.05). The company had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. The Hain Celestial Group had a positive return on equity of 2.47% and a negative net margin of 16.17%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. As a group, equities analysts predict that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Neil Campbell bought 25,640 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of $1.93 per share, for a total transaction of $49,485.20. Following the acquisition, the director now owns 62,929 shares of the company’s stock, valued at $121,452.97. This trade represents a 68.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dawn M. Zier bought 200,000 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average cost 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 approximately $461,166.40. This represents a 226.68% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 308,640 shares of company stock valued at $518,055. 0.83% of the stock is currently owned by company insiders.

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.