Trexquant Investment LP lessened its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN - Free Report) by 40.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 361,715 shares of the company's stock after selling 241,722 shares during the quarter. Trexquant Investment LP owned 0.40% of The Hain Celestial Group worth $2,225,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC purchased a new position in The Hain Celestial Group during the 4th quarter worth approximately $370,371,000. Barclays PLC boosted its holdings in The Hain Celestial Group by 124.6% in the third quarter. Barclays PLC now owns 182,609 shares of the company's stock valued at $1,576,000 after purchasing an additional 101,290 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of The Hain Celestial Group during the 4th quarter valued at about $142,000. Madison Investment Advisors LLC acquired a new position in shares of The Hain Celestial Group in the 4th quarter valued at about $3,583,000. Finally, Rice Hall James & Associates LLC acquired a new stake in The Hain Celestial Group during the fourth quarter worth about $2,652,000. 97.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on HAIN. Stifel Nicolaus dropped their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a "hold" rating on the stock in a research note on Tuesday, February 11th. Barclays dropped their target price on The Hain Celestial Group from $6.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 11th. Evercore ISI dropped their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th. Maxim Group lowered their price objective on The Hain Celestial Group from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Mizuho lowered their price target on The Hain Celestial Group from $7.00 to $4.50 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, The Hain Celestial Group presently has an average rating of "Hold" and an average target price of $6.44.
Check Out Our Latest Stock Analysis on The Hain Celestial Group
The Hain Celestial Group Stock Down 2.6 %
HAIN stock traded down $0.09 during midday trading on Monday, reaching $3.15. 76,023 shares of the company were exchanged, compared to its average volume of 1,503,777. The stock's 50-day simple moving average is $3.98 and its 200 day simple moving average is $6.10. The Hain Celestial Group, Inc. has a 1-year low of $3.14 and a 1-year high of $9.43. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The company has a market cap of $283.83 million, a price-to-earnings ratio of -1.62 and a beta of 0.93.
The Hain Celestial Group (NASDAQ:HAIN - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. On average, equities analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.
The Hain Celestial Group Profile
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Free Report)
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.
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