GSA Capital Partners LLP Lowers Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

GSA Capital Partners LLP lowered its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 71.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 132,936 shares of the company's stock after selling 332,576 shares during the period. GSA Capital Partners LLP owned approximately 0.15% of The Hain Celestial Group worth $1,147,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Entropy Technologies LP grew its position in shares of The Hain Celestial Group by 19.1% during the 3rd quarter. Entropy Technologies LP now owns 18,708 shares of the company's stock worth $161,000 after buying an additional 3,000 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of The Hain Celestial Group during the third quarter valued at about $357,000. CWA Asset Management Group LLC bought a new position in shares of The Hain Celestial Group during the 3rd quarter worth about $87,000. Leeward Investments LLC MA grew its stake in shares of The Hain Celestial Group by 17.2% in the 3rd quarter. Leeward Investments LLC MA now owns 414,004 shares of the company's stock valued at $3,573,000 after buying an additional 60,632 shares during the period. Finally, US Bancorp DE grew its stake in shares of The Hain Celestial Group by 10.3% in the 3rd quarter. US Bancorp DE now owns 19,518 shares of the company's stock valued at $168,000 after buying an additional 1,815 shares during the period. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Stock Up 5.5 %

Shares of HAIN stock traded up $0.38 on Friday, hitting $7.24. The stock had a trading volume of 1,943,387 shares, compared to its average volume of 1,199,276. The Hain Celestial Group, Inc. has a 12-month low of $5.68 and a 12-month high of $11.68. The stock has a market cap of $652.98 million, a price-to-earnings ratio of -7.70 and a beta of 0.74. The business has a 50 day moving average of $8.27 and a 200 day moving average of $7.58. 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 for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The business had revenue of $394.60 million during the quarter, compared to analysts' expectations of $394.24 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The Hain Celestial Group's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.04) EPS. As a group, analysts expect that The Hain Celestial Group, Inc. will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

HAIN has been the topic of several recent research reports. DA Davidson cut their price target on The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Tuesday. Piper Sandler reiterated a "neutral" rating and issued a $8.00 target price on shares of The Hain Celestial Group in a report on Thursday, September 19th. Stifel Nicolaus boosted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a "hold" rating in a research note on Wednesday, August 28th. Finally, Barclays dropped 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 research note on Monday. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.43.

Insider Buying and Selling

In other news, insider Chad D. Marquardt purchased 5,300 shares of the company's stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of $8.32 per share, with a total value of $44,096.00. Following the transaction, the insider now directly owns 15,300 shares of the company's stock, valued at approximately $127,296. This represents a 53.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.83% of the stock is owned by insiders.

About The Hain Celestial Group

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.