Ethic Inc. Has $87,000 Stake in The Hain Celestial Group, Inc. $HAIN

Ethic Inc. lifted its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 287.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,371 shares of the company’s stock after purchasing an additional 43,292 shares during the period. Ethic Inc. owned 0.06% of The Hain Celestial Group worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC increased its position in The Hain Celestial Group by 295.4% during 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. AQR Capital Management LLC boosted its position in shares of The Hain Celestial Group by 151.1% in the first quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock valued at $4,424,000 after acquiring an additional 641,567 shares during the period. Deutsche Bank AG grew its stake in shares of The Hain Celestial Group by 634.0% in the first quarter. Deutsche Bank AG now owns 616,908 shares of the company’s stock valued at $2,560,000 after acquiring an additional 532,864 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in The Hain Celestial Group by 32.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company’s stock worth $6,622,000 after acquiring an additional 391,034 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in The Hain Celestial Group by 44.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 820,560 shares of the company’s stock worth $1,247,000 after purchasing an additional 253,326 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Hain Celestial Group

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

The Hain Celestial Group Trading Down 10.1%

NASDAQ HAIN opened at $1.16 on Friday. The business’s fifty day moving average is $1.58 and its 200 day moving average is $1.81. The company has a market cap of $104.74 million, a price-to-earnings ratio of -0.20 and a beta of 0.82. The Hain Celestial Group, Inc. has a twelve month low of $1.14 and a twelve month high of $9.43. 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 (NASDAQ:HAIN) last posted its earnings results on Monday, September 15th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The business had revenue of $363.35 million for the quarter, compared to the consensus estimate 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 was down 13.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. As a group, sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Mizuho cut 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 report on Tuesday, September 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of The Hain Celestial Group in a research note on Tuesday, October 14th. Zacks Research downgraded The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 17th. Barclays lowered their price objective on 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. Finally, Wall Street Zen downgraded The Hain Celestial Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 20th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $3.28.

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.