The Manufacturers Life Insurance Company Has $242,000 Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

The Manufacturers Life Insurance Company lowered its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 99.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,023 shares of the company's stock after selling 3,319,128 shares during the period. The Manufacturers Life Insurance Company's holdings in The Hain Celestial Group were worth $242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HAIN. GSA Capital Partners LLP acquired a new stake in The Hain Celestial Group during the 1st quarter worth $1,937,000. Blair William & Co. IL boosted its position in shares of The Hain Celestial Group by 418.3% during the first quarter. Blair William & Co. IL now owns 366,948 shares of the company's stock worth $2,884,000 after purchasing an additional 296,150 shares in the last quarter. Deerfield Management Company L.P. Series C boosted its position in shares of The Hain Celestial Group by 391.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company's stock worth $861,000 after purchasing an additional 99,246 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of The Hain Celestial Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 10,942,729 shares of the company's stock worth $86,010,000 after purchasing an additional 84,689 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of The Hain Celestial Group by 12.1% during the second quarter. First Eagle Investment Management LLC now owns 730,854 shares of the company's stock worth $5,050,000 after purchasing an additional 79,000 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Insider Activity at The Hain Celestial Group

In related news, insider Chad D. Marquardt purchased 5,300 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the purchase, the insider now owns 15,300 shares in the company, valued at approximately $127,296. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by company insiders.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock traded up $0.27 during trading on Friday, hitting $8.92. 659,443 shares of the stock were exchanged, compared to its average volume of 1,194,519. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $12.49. The stock has a market capitalization of $801.41 million, a price-to-earnings ratio of -8.75 and a beta of 0.75. The company has a fifty day moving average price of $7.93 and a 200-day moving average price of $7.33. The company has a current ratio of 1.98, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78.

The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business had revenue of $419.00 million for the quarter, compared to analyst estimates of $417.99 million. During the same quarter in the prior year, the business earned $0.11 EPS. The Hain Celestial Group's quarterly revenue was down 6.4% on a year-over-year basis. As a group, equities analysts predict that The Hain Celestial Group, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Piper Sandler reaffirmed a "neutral" rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. DA Davidson reissued a "neutral" rating and set a $8.00 price target on shares of The Hain Celestial Group in a research report on Wednesday, August 28th. Barclays boosted their price target on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 29th. Finally, Stifel Nicolaus boosted their price target 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. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, The Hain Celestial Group currently has an average rating of "Hold" and a consensus price target of $9.57.

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.