The Hain Celestial Group, Inc. (NASDAQ:HAIN) Shares Sold by Invenomic Capital Management LP

Invenomic Capital Management LP lessened its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 9.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,342,175 shares of the company’s stock after selling 235,911 shares during the period. Invenomic Capital Management LP owned approximately 2.60% of The Hain Celestial Group worth $20,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of HAIN. Allworth Financial LP lifted its stake in The Hain Celestial Group by 433.5% during the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock worth $26,000 after purchasing an additional 2,423 shares in the last quarter. Signaturefd LLC increased its stake in The Hain Celestial Group by 125.9% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $28,000 after purchasing an additional 2,226 shares during the period. nVerses Capital LLC lifted its position in shares of The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after purchasing an additional 2,900 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of 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 valued at $43,000 after purchasing an additional 3,432 shares during the period. Finally, CWM LLC increased its stake in The Hain Celestial Group by 357.8% during the 2nd quarter. CWM LLC now owns 8,822 shares of the company’s stock worth $61,000 after buying an additional 6,895 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

The Hain Celestial Group Price Performance

Shares of NASDAQ:HAIN opened at $8.63 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a one year low of $5.68 and a one year high of $11.68. The company has a 50-day simple moving average of $8.30 and a 200-day simple moving average of $7.68.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly 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 Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The firm had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same period in the prior year, the company earned ($0.04) earnings per share. The company’s revenue for the quarter was down 7.2% on a year-over-year basis. As a group, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Barclays dropped their price target 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, November 11th. 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 report on Tuesday, November 12th. Finally, Stifel Nicolaus increased their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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 firm’s stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average price of $8.32 per share, with a total value of $44,096.00. Following the purchase, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. The trade was a 53.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.83% of the stock is currently owned by corporate insiders.

The Hain Celestial Group Profile

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.