The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Acquired by Quest Partners LLC

Quest Partners LLC increased its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 387.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 212,655 shares of the company’s stock after purchasing an additional 168,996 shares during the quarter. Quest Partners LLC owned 0.24% of The Hain Celestial Group worth $1,835,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Deerfield Management Company L.P. Series C increased its holdings in shares of The Hain Celestial Group by 391.6% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock valued at $861,000 after purchasing an additional 99,246 shares in the last quarter. Vanguard Group Inc. raised its position in shares of The Hain Celestial Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company’s stock worth $86,010,000 after acquiring an additional 84,689 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of The Hain Celestial Group by 12.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 730,854 shares of the company’s stock worth $5,050,000 after acquiring an additional 79,000 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of The Hain Celestial Group during the 2nd quarter valued at about $479,000. Finally, Federated Hermes Inc. increased its stake in shares of The Hain Celestial Group by 224.9% in the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after purchasing an additional 595,649 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Chad D. Marquardt bought 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. This trade represents a 53.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.83% of the company’s stock.

The Hain Celestial Group Price Performance

HAIN stock opened at $7.23 on Tuesday. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $11.68. The firm has a market capitalization of $652.10 million, a PE ratio of -7.69 and a beta of 0.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The business has a 50 day simple moving average of $8.25 and a 200-day simple moving average of $7.60.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Stifel Nicolaus upped their price objective on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. DA Davidson reduced their price target 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. Barclays lowered their price objective on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, Piper Sandler reissued a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.43.

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.