Hotchkis & Wiley Capital Management LLC Boosts Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Hotchkis & Wiley Capital Management LLC boosted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 54.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,224,590 shares of the company's stock after purchasing an additional 434,070 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 1.36% of The Hain Celestial Group worth $10,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Centiva Capital LP bought a new position in The Hain Celestial Group during the third quarter worth $136,000. Paloma Partners Management Co acquired a new stake in The Hain Celestial Group during the third quarter worth approximately $202,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in The Hain Celestial Group by 225.5% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,954 shares of the company's stock worth $43,000 after purchasing an additional 3,432 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in The Hain Celestial Group by 83.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,580 shares of the company's stock valued at $238,000 after buying an additional 12,542 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of The Hain Celestial Group during the 3rd quarter worth approximately $2,515,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Trading Down 0.6 %

HAIN stock traded down $0.05 during mid-day trading on Thursday, reaching $8.23. 797,723 shares of the company traded hands, compared to its average volume of 1,198,189. 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 firm's 50 day moving average price is $8.33 and its 200 day moving average price is $7.69. The Hain Celestial Group, Inc. has a fifty-two week low of $5.68 and a fifty-two week 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 (EPS) 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 negative net margin of 4.94% and a positive return on equity of 3.13%. The firm's quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. On average, analysts predict that The Hain Celestial Group, Inc. will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. DA Davidson lowered 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. 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 report on Monday, November 11th. Stifel Nicolaus raised 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. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.43.

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.