Weiss Asset Management LP Makes New $702,000 Investment in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Weiss Asset Management LP purchased a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 81,366 shares of the company's stock, valued at approximately $702,000. Weiss Asset Management LP owned 0.09% of The Hain Celestial Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in shares of The Hain Celestial Group by 171.3% in the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company's stock valued at $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of The Hain Celestial Group by 224.9% during the 2nd 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 in the last quarter. AQR Capital Management LLC acquired a new position in shares of The Hain Celestial Group during the 2nd quarter valued at $3,942,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of The Hain Celestial Group by 54.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company's stock valued at $10,568,000 after acquiring an additional 434,070 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of The Hain Celestial Group by 257.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company's stock valued at $4,288,000 after acquiring an additional 357,669 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Piper Sandler reiterated a "neutral" rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays cut their price objective on shares of 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. 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. Finally, Stifel Nicolaus boosted their target price 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. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, The Hain Celestial Group presently has an average rating of "Hold" and an average price target of $9.43.

The Hain Celestial Group Stock Down 2.4 %

Shares of NASDAQ:HAIN traded down $0.20 during midday trading on Monday, reaching $8.07. 967,097 shares of the company's stock were exchanged, compared to its average volume of 1,194,820. The company's 50 day simple moving average is $8.32 and its two-hundred day simple moving average is $7.71. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $11.68. 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 Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $394.24 million. During the same quarter last year, the business earned ($0.04) EPS. The company's revenue for the quarter was down 7.2% compared to the same quarter last year. Equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.44 EPS for the current year.

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.