Caxton Associates LP Has $642,000 Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Caxton Associates LP increased its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 41.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 92,881 shares of the company’s stock after purchasing an additional 27,335 shares during the period. Caxton Associates LP’s holdings in The Hain Celestial Group were worth $642,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in The Hain Celestial Group by 0.8% in the 1st 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 during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in The Hain Celestial Group by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,698,984 shares of the company’s stock worth $39,380,000 after purchasing an additional 62,865 shares during the period. PGGM Investments boosted its stake in The Hain Celestial Group by 1.3% in the 2nd quarter. PGGM Investments now owns 4,183,854 shares of the company’s stock worth $28,910,000 after purchasing an additional 51,912 shares during the period. Invenomic Capital Management LP acquired a new position in The Hain Celestial Group in the 1st quarter worth approximately $11,294,000. Finally, Federated Hermes Inc. boosted its stake in shares of The Hain Celestial Group by 224.9% during the 2nd quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after buying an additional 595,649 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

HAIN has been the topic of several research analyst reports. Piper Sandler restated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Thursday, September 19th. Barclays boosted their price target on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th. DA Davidson restated a “neutral” rating and set a $8.00 price target on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Finally, Stifel Nicolaus boosted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a 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 stock. Based on data from MarketBeat.com, The Hain Celestial Group has an average rating of “Hold” and a consensus target price of $10.88.

Insider Buying and Selling

In other news, insider Chad D. Marquardt bought 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now directly owns 15,300 shares of the company’s stock, valued at approximately $127,296. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

The Hain Celestial Group Stock Up 7.8 %

The Hain Celestial Group stock opened at $8.26 on Friday. The company has a market capitalization of $742.11 million, a P/E ratio of -8.10 and a beta of 0.75. The firm’s fifty day simple moving average is $7.54 and its 200-day simple moving average is $7.29. 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, Inc. has a 1-year low of $5.68 and a 1-year high of $12.49.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $419.00 million for the quarter, compared to the consensus estimate of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The Hain Celestial Group’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. Sell-side analysts forecast that The Hain Celestial Group, Inc. will post 0.49 earnings per share for the current fiscal year.

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.