Quest Partners LLC Boosts Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Quest Partners LLC increased its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 387.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,655 shares of the company’s stock after buying an additional 168,996 shares during the period. Quest Partners LLC’s holdings in The Hain Celestial Group were worth $1,835,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HAIN. Thrivent Financial for Lutherans raised its stake in shares of The Hain Celestial Group by 8.7% in the third quarter. Thrivent Financial for Lutherans now owns 81,226 shares of the company’s stock valued at $701,000 after acquiring an additional 6,470 shares in the last quarter. Aigen Investment Management LP acquired a new stake in The Hain Celestial Group in the 3rd quarter valued at about $167,000. Entropy Technologies LP boosted its stake in shares of The Hain Celestial Group by 19.1% in the 3rd quarter. Entropy Technologies LP now owns 18,708 shares of the company’s stock valued at $161,000 after buying an additional 3,000 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of The Hain Celestial Group during the third quarter worth about $357,000. Finally, CWA Asset Management Group LLC purchased a new stake in shares of The Hain Celestial Group during the third quarter worth approximately $87,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Chad D. Marquardt purchased 5,300 shares of the 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 in the company, valued at $127,296. This represents a 53.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HAIN. Stifel Nicolaus increased their price objective 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. Barclays decreased their price target on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. DA Davidson decreased their target price on 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. Finally, Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Six investment 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, the company presently has an average rating of “Hold” and a consensus price target of $9.43.

The Hain Celestial Group Trading Down 0.1 %

NASDAQ:HAIN opened at $7.23 on Tuesday. The company has a market capitalization of $652.10 million, a PE ratio of -7.69 and a beta of 0.74. The Hain Celestial Group, Inc. has a 52-week low of $5.68 and a 52-week high of $11.68. The stock’s 50 day moving average price is $8.25 and its 200 day moving average price is $7.60. 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 (NASDAQ:HAIN) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter last year, the business posted ($0.04) earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. On average, research analysts anticipate that The Hain Celestial Group, Inc. will post 0.47 EPS for the current year.

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.