Solas Capital Management LLC Buys Shares of 856,064 The Hain Celestial Group, Inc. $HAIN

Solas Capital Management LLC bought a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 856,064 shares of the company’s stock, valued at approximately $480,000. The Hain Celestial Group makes up approximately 0.3% of Solas Capital Management LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds have also modified their holdings of the company. Ieq Capital LLC bought a new stake in shares of The Hain Celestial Group in the 2nd quarter valued at about $179,000. BlackRock Inc. purchased a new stake in The Hain Celestial Group during the second quarter valued at approximately $1,624,000. Bank of New York Mellon Corp purchased a new stake in The Hain Celestial Group during the second quarter valued at approximately $50,000. GSA Capital Partners LLP acquired a new stake in The Hain Celestial Group in the second quarter valued at approximately $88,000. Finally, Renaissance Technologies LLC boosted its stake in The Hain Celestial Group by 263.2% in the first quarter. Renaissance Technologies LLC now owns 216,100 shares of the company’s stock valued at $151,000 after acquiring an additional 156,600 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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The Hain Celestial Group Price Performance

Shares of HAIN opened at $0.84 on Tuesday. The company’s fifty day moving average price is $0.57 and its 200-day moving average price is $0.71. The Hain Celestial Group, Inc. has a 1-year low of $0.48 and a 1-year high of $2.17. The firm has a market capitalization of $75.85 million, a PE ratio of -0.15 and a beta of 0.73.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HAIN shares. Jefferies Financial Group decreased their price objective on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating for the company in a report on Tuesday, July 7th. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Six investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $1.06.

View Our Latest Analysis on HAIN

About The Hain Celestial Group

(Free Report)

The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.

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