Los Angeles Capital Management LLC Takes Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Los Angeles Capital Management LLC acquired a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 41,400 shares of the company’s stock, valued at approximately $357,000.

A number of other large investors also recently modified their holdings of HAIN. Millennium Management LLC boosted its position in shares of The Hain Celestial Group by 171.3% in the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock valued at $18,206,000 after acquiring an additional 1,663,542 shares during the period. Invenomic Capital Management LP bought a new position in shares of The Hain Celestial Group in the first quarter valued at approximately $11,294,000. Federated Hermes Inc. boosted its position in shares of The Hain Celestial Group by 224.9% in the second quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after acquiring an additional 595,649 shares during the period. AQR Capital Management LLC bought a new position in shares of The Hain Celestial Group in the second quarter valued at approximately $3,942,000. Finally, Blair William & Co. IL boosted its position in shares of The Hain Celestial Group by 418.3% in the first quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock valued at $2,884,000 after acquiring an additional 296,150 shares during the period. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Trading Up 5.5 %

HAIN stock opened at $7.24 on Monday. The company has a market capitalization of $653.00 million, a PE ratio of -7.70 and a beta of 0.74. The Hain Celestial Group, Inc. has a one year low of $5.68 and a one year high of $11.68. The company’s 50 day moving average price is $8.27 and its two-hundred day moving average price is $7.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same period in the previous year, the firm earned ($0.04) earnings per share. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, analysts predict that The Hain Celestial Group, Inc. will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HAIN has been the subject of several research analyst reports. DA Davidson dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Piper Sandler reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Stifel Nicolaus lifted their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Finally, Barclays dropped their target price on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and an average target price of $9.43.

Insider Buying and Selling

In related news, insider Chad D. Marquardt acquired 5,300 shares of The Hain Celestial Group stock in a transaction on Wednesday, September 4th. The shares were acquired at an average cost of $8.32 per share, with a total value of $44,096.00. Following the transaction, the insider now owns 15,300 shares in the company, valued at $127,296. This trade represents a 53.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by insiders.

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.