Blair William & Co. IL Purchases 31,005 Shares of The Hain Celestial Group, Inc. $HAIN

Blair William & Co. IL boosted its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 15.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 237,511 shares of the company’s stock after acquiring an additional 31,005 shares during the period. Blair William & Co. IL owned approximately 0.26% of The Hain Celestial Group worth $361,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Millennium Management LLC grew 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 acquiring an additional 3,535,073 shares during the last quarter. AQR Capital Management LLC grew its position in The Hain Celestial Group by 151.1% during the 1st quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock worth $4,424,000 after acquiring an additional 641,567 shares during the last quarter. Deutsche Bank AG grew its position in The Hain Celestial Group by 634.0% during the 1st quarter. Deutsche Bank AG now owns 616,908 shares of the company’s stock worth $2,560,000 after acquiring an additional 532,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in The Hain Celestial Group by 32.5% during the 1st 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 last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in The Hain Celestial Group by 44.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 820,560 shares of the company’s stock worth $1,247,000 after buying an additional 253,326 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $1.31 on Friday. 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 twelve month low of $1.29 and a twelve month high of $9.43. The stock has a market cap of $118.28 million, a price-to-earnings ratio of -0.22 and a beta of 0.82. The company’s fifty day moving average is $1.66 and its 200 day moving average is $1.97.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly 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 Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. The firm had revenue of $363.35 million for the quarter, compared to the consensus estimate of $371.58 million. During the same period last year, the company posted $0.13 EPS. The business’s revenue was down 13.4% compared to the same quarter last year. Sell-side analysts forecast that The Hain Celestial Group, Inc. will post 0.4 EPS for the current year.

Insider Activity at The Hain Celestial Group

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

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.