Assenagon Asset Management S.A. Has $5.50 Million Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Assenagon Asset Management S.A. increased its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 2.1% during the third quarter, HoldingsChannel.com reports. The firm owned 637,563 shares of the company’s stock after buying an additional 13,376 shares during the period. Assenagon Asset Management S.A.’s holdings in The Hain Celestial Group were worth $5,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Signaturefd LLC raised its stake in shares of The Hain Celestial Group by 125.9% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares in the last quarter. nVerses Capital LLC boosted its position in shares of The Hain Celestial Group by 161.1% during the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after acquiring an additional 2,900 shares in the last quarter. CWM LLC increased its stake in The Hain Celestial Group by 357.8% in the second quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after acquiring an additional 6,895 shares during the period. Choreo LLC acquired a new position in The Hain Celestial Group in the second quarter worth about $71,000. Finally, Evergreen Capital Management LLC acquired a new position in The Hain Celestial Group in the second quarter worth about $72,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

The Hain Celestial Group Trading Up 1.0 %

Shares of HAIN opened at $8.94 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.01 and a current ratio of 1.98. The company has a market cap of $803.26 million, a price-to-earnings ratio of -10.64 and a beta of 0.75. The stock has a fifty day moving average price of $8.21 and a two-hundred day moving average price of $7.43. The Hain Celestial Group, Inc. has a 52-week low of $5.68 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $417.99 million. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 earnings per share. Analysts predict that The Hain Celestial Group, Inc. will post 0.48 EPS for the current fiscal year.

Insiders Place Their Bets

In related 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 cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the purchase, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HAIN. DA Davidson reaffirmed a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Piper Sandler reiterated a “neutral” rating and issued a $8.00 price target on shares of The Hain Celestial Group in a research report on Thursday, September 19th. Barclays increased their price objective on The Hain Celestial Group from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 29th. Finally, Stifel Nicolaus boosted 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 note on Wednesday, August 28th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, The Hain Celestial Group currently has an average rating of “Hold” and a consensus target price of $9.57.

The Hain Celestial Group Company 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.