Healthcare of Ontario Pension Plan Trust Fund Purchases New Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 291,400 shares of the company's stock, valued at approximately $2,515,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.32% of The Hain Celestial Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAIN. Vanguard Group Inc. boosted its position in The Hain Celestial Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company's stock valued at $86,010,000 after buying an additional 84,689 shares during the period. CANADA LIFE ASSURANCE Co raised its position in The Hain Celestial Group by 3.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 103,773 shares of the company's stock valued at $814,000 after purchasing an additional 3,767 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of The Hain Celestial Group by 12.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 60,167 shares of the company's stock worth $473,000 after buying an additional 6,493 shares during the period. GAMMA Investing LLC grew its holdings in The Hain Celestial Group by 683.2% during the 2nd quarter. GAMMA Investing LLC now owns 14,772 shares of the company's stock worth $102,000 after acquiring an additional 12,886 shares in the last quarter. Finally, First Hawaiian Bank bought a new position in shares of The Hain Celestial Group during the second quarter valued at approximately $394,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN traded down $0.36 during midday trading on Friday, reaching $8.27. The company had a trading volume of 884,924 shares, compared to its average volume of 1,469,618. The business's 50-day simple moving average is $8.28 and its 200 day simple moving average is $7.67. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The stock has a market cap of $745.87 million, a P/E ratio of -8.80 and a beta of 0.74. The Hain Celestial Group, Inc. has a 1 year low of $5.68 and a 1 year high of $11.68.

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 the consensus estimate of ($0.02) by ($0.02). The company had revenue of $394.60 million for 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 company's quarterly revenue was down 7.2% compared to the same quarter last year. During the same period last year, the business earned ($0.04) EPS. On average, analysts forecast that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HAIN has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on 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. DA Davidson reduced their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a "neutral" rating for the company in a research note on Tuesday, November 12th. Piper Sandler restated a "neutral" rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Finally, Barclays reduced their price target on The Hain Celestial Group from $9.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $9.43.

Insider Activity at The Hain Celestial Group

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 5,300 shares of the company's stock in a transaction that occurred on 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 completion of the acquisition, the insider now directly owns 15,300 shares of the company's stock, valued at $127,296. This represents a 53.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is currently owned by company 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.