The Hain Celestial Group, Inc. $HAIN Stock Holdings Lowered by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 36.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,452 shares of the company’s stock after selling 106,263 shares during the quarter. Allianz Asset Management GmbH owned 0.21% of The Hain Celestial Group worth $286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HAIN. Signaturefd LLC increased its position in shares of The Hain Celestial Group by 174.5% in the first 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. Vanguard Personalized Indexing Management LLC grew its position in The Hain Celestial Group by 45.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,067 shares of the company’s stock valued at $46,000 after purchasing an additional 9,335 shares in the last quarter. Byrne Asset Management LLC grew its position in The Hain Celestial Group by 150.3% during the second quarter. Byrne Asset Management LLC now owns 34,040 shares of the company’s stock valued at $52,000 after purchasing an additional 20,441 shares in the last quarter. Brooklyn Investment Group grew its position in The Hain Celestial Group by 6,315.1% in the first 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. Finally, CWM LLC lifted its stake in shares of The Hain Celestial Group by 125.4% in the second quarter. CWM LLC now owns 34,914 shares of the company’s stock worth $53,000 after buying an additional 19,421 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Alison Lewis acquired 44,895 shares of the stock in a transaction on Friday, September 19th. The stock was purchased at an average price of $1.50 per share, for a total transaction of $67,342.50. Following the transaction, the chief executive officer owned 74,895 shares of the company’s stock, valued at $112,342.50. The trade was a 149.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Neil Campbell bought 62,640 shares of The Hain Celestial Group stock in a transaction dated Friday, September 19th. The stock was acquired at an average cost of $1.52 per share, for a total transaction of $95,212.80. Following the purchase, the director directly owned 125,569 shares in the company, valued at approximately $190,864.88. The trade was a 99.54% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 137,535 shares of company stock valued at $207,255 in the last 90 days. Corporate insiders own 1.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HAIN. Stephens cut shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $3.00 to $2.00 in a research note on Wednesday, September 17th. Barclays cut their target price on shares of The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of The Hain Celestial Group in a research note on Tuesday, October 14th. Mizuho dropped their price objective on shares of The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Finally, Wall Street Zen cut shares of The Hain Celestial Group from a “hold” rating to a “sell” rating in a research note on Saturday, September 20th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $3.28.

The Hain Celestial Group Trading Down 3.6%

Shares of The Hain Celestial Group stock opened at $1.35 on Wednesday. The stock has a market capitalization of $121.89 million, a P/E ratio of -0.23 and a beta of 0.82. 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 company has a 50-day simple moving average of $1.61 and a 200 day simple moving average of $1.84. The Hain Celestial Group, Inc. has a 12-month low of $1.29 and a 12-month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last announced its 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 company’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. Research analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share 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.