Rhumbline Advisers Sells 143,932 Shares of The Hain Celestial Group, Inc. $HAIN

Rhumbline Advisers lessened its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 49.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,118 shares of the company’s stock after selling 143,932 shares during the quarter. Rhumbline Advisers owned 0.16% of The Hain Celestial Group worth $602,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC bought a new stake in shares of The Hain Celestial Group in the 1st quarter worth about $444,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of The Hain Celestial Group in the 1st quarter worth about $162,000. Millennium Management LLC increased its stake in The Hain Celestial Group by 295.4% in the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock worth $19,637,000 after buying an additional 3,535,073 shares during the period. Invenomic Capital Management LP increased its stake in The Hain Celestial Group by 7.7% in the 1st quarter. Invenomic Capital Management LP now owns 2,174,523 shares of the company’s stock worth $9,024,000 after buying an additional 155,534 shares during the period. Finally, AQR Capital Management LLC increased its stake in The Hain Celestial Group by 151.1% in the 1st quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock worth $4,424,000 after buying an additional 641,567 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

HAIN has been the topic of several recent analyst reports. Piper Sandler reduced their price target on shares of The Hain Celestial Group from $2.00 to $1.80 and set a “neutral” rating on the stock in a research note on Tuesday, June 3rd. Mizuho reduced their price target on shares of The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Barclays reduced their price target on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Wednesday, September 17th. Stephens downgraded shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $3.00 to $2.00 in a research note on Wednesday, September 17th. Finally, Wall Street Zen downgraded shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.28.

Insider Activity at The Hain Celestial Group

In related news, CEO Alison Lewis bought 44,895 shares of the company’s stock in a transaction on Friday, September 19th. The shares were bought at an average price of $1.50 per share, with a total value of $67,342.50. Following the transaction, the chief executive officer owned 74,895 shares in the company, valued at approximately $112,342.50. This trade represents a 149.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Neil Campbell bought 62,640 shares of the company’s stock in a transaction on Friday, September 19th. The shares were bought at an average cost of $1.52 per share, for a total transaction of $95,212.80. Following the transaction, the director owned 125,569 shares in the company, valued at $190,864.88. The trade was a 99.54% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 137,535 shares of company stock worth $207,255. 1.71% of the stock is owned by insiders.

The Hain Celestial Group Stock Up 7.8%

Shares of The Hain Celestial Group stock opened at $1.65 on Tuesday. The firm’s 50 day moving average price is $1.73 and its 200-day moving average price is $2.28. The company has a quick ratio of 1.02, a current ratio of 1.91 and a debt-to-equity ratio of 1.47. 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 cap of $148.98 million, a P/E ratio of -0.28 and a beta of 0.79.

The Hain Celestial Group (NASDAQ:HAIN) last released its earnings results on Monday, September 15th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The company had revenue of $363.35 million during the quarter, compared to analyst estimates of $371.58 million. The Hain Celestial Group had a positive return on equity of 1.10% and a negative net margin of 34.03%.The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share. On average, sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

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.