The Hain Celestial Group, Inc. $HAIN Shares Bought by Voya Investment Management LLC

Voya Investment Management LLC lifted its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 29.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,675 shares of the company’s stock after acquiring an additional 15,084 shares during the quarter. Voya Investment Management LLC owned 0.07% of The Hain Celestial Group worth $277,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC boosted its stake in shares of The Hain Celestial Group by 174.5% during the 1st quarter. Signaturefd LLC now owns 6,858 shares of the company’s stock worth $28,000 after acquiring an additional 4,360 shares in the last quarter. Wedmont Private Capital purchased a new stake in shares of The Hain Celestial Group during the 1st quarter worth about $52,000. Brooklyn Investment Group boosted its stake in shares of The Hain Celestial Group by 6,315.1% during the 1st quarter. Brooklyn Investment Group now owns 12,766 shares of the company’s stock worth $53,000 after acquiring an additional 12,567 shares in the last quarter. Byrne Asset Management LLC boosted its stake in shares of The Hain Celestial Group by 240.0% during the 1st quarter. Byrne Asset Management LLC now owns 13,599 shares of the company’s stock worth $56,000 after acquiring an additional 9,599 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of The Hain Celestial Group during the 1st quarter worth about $63,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Neil Campbell purchased 62,640 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was acquired at an average price of $1.52 per share, for a total transaction of $95,212.80. Following the acquisition, the director directly owned 125,569 shares of the company’s stock, valued at approximately $190,864.88. This represents a 99.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Alison Lewis purchased 44,895 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were purchased at an average price of $1.50 per share, with a total value of $67,342.50. Following the acquisition, the chief executive officer directly owned 74,895 shares in the company, valued at approximately $112,342.50. The trade was a 149.65% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 137,535 shares of company stock valued at $207,255 in the last 90 days. Insiders own 1.71% of the company’s stock.

The Hain Celestial Group Trading Up 5.2%

HAIN opened at $1.62 on Tuesday. The company’s 50 day simple moving average is $1.73 and its two-hundred day simple moving average is $2.18. The firm has a market capitalization of $146.27 million, a price-to-earnings ratio of -0.27 and a beta of 0.79. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.91 and a quick ratio of 1.02. The Hain Celestial Group, Inc. has a 1-year low of $1.30 and a 1-year high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings results on Monday, September 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The firm had revenue of $363.35 million for 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 quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 EPS. Analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays lowered their target price 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 lowered shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $3.00 to $2.00 in a research note on Wednesday, September 17th. Zacks Research lowered shares of The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 17th. Wall Street Zen lowered shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. Finally, Mizuho decreased 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. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $3.28.

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.