Deutsche Bank AG Has $2.56 Million Position in The Hain Celestial Group, Inc. $HAIN

Deutsche Bank AG lifted its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 634.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 616,908 shares of the company’s stock after purchasing an additional 532,864 shares during the period. Deutsche Bank AG owned 0.68% of The Hain Celestial Group worth $2,560,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP bought a new position in The Hain Celestial Group during the fourth quarter valued at $14,322,000. Frontier Capital Management Co. LLC increased its holdings in shares of The Hain Celestial Group by 512.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock worth $15,502,000 after buying an additional 2,108,845 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of The Hain Celestial Group in the fourth quarter worth about $12,619,000. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in The Hain Celestial Group by 9.8% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock valued at $38,276,000 after purchasing an additional 555,195 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in The Hain Celestial Group by 24.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,067,866 shares of the company’s stock valued at $12,717,000 after purchasing an additional 412,658 shares during the period. Institutional investors own 97.01% of the company’s stock.

Insider Activity at The Hain Celestial Group

In other news, Director Neil Campbell purchased 25,640 shares of the stock in a transaction dated Thursday, May 22nd. The stock was acquired 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 directly owned 62,929 shares in the company, valued at approximately $121,452.97. This represents a 68.76% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is currently owned by corporate insiders.

The Hain Celestial Group Trading Down 1.1%

Shares of The Hain Celestial Group stock opened at $1.79 on Wednesday. The firm has a market capitalization of $161.55 million, a PE ratio of -0.62 and a beta of 0.76. The company has a current ratio of 1.81, a quick ratio of 0.99 and a debt-to-equity ratio of 1.01. The Hain Celestial Group, Inc. has a twelve month low of $1.30 and a twelve month high of $9.43. The firm’s 50-day moving average price is $1.66 and its 200 day moving average price is $2.69.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HAIN. Maxim Group reduced their target price on The Hain Celestial Group from $10.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Sanford C. Bernstein cut The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 target price on the stock. in a report on Thursday, May 8th. Stifel Nicolaus reduced their target price 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. Mizuho dropped their price target on The Hain Celestial Group from $3.00 to $2.50 and set a “neutral” rating for the company in a research report on Monday, July 28th. Finally, Barclays lowered their price target on The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. One investment analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.59.

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.