Mutual of America Capital Management LLC Has $117,000 Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Mutual of America Capital Management LLC lowered its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 8.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,513 shares of the company’s stock after selling 1,255 shares during the quarter. Mutual of America Capital Management LLC’s holdings in The Hain Celestial Group were worth $117,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Millennium Management LLC lifted its stake in The Hain Celestial Group by 171.3% during the second quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after purchasing an additional 1,663,542 shares during the last quarter. Federated Hermes Inc. raised its holdings 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 worth $5,946,000 after buying an additional 595,649 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of The Hain Celestial Group during the 2nd quarter worth $3,942,000. Algert Global LLC boosted its stake in The Hain Celestial Group by 98.1% in the second quarter. Algert Global LLC now owns 328,282 shares of the company’s stock valued at $2,268,000 after buying an additional 162,546 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C boosted its stake in The Hain Celestial Group by 391.6% in the second quarter. Deerfield Management Company L.P. Series C now owns 124,589 shares of the company’s stock valued at $861,000 after buying an additional 99,246 shares in the last quarter. 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 bought 5,300 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the transaction, the insider now directly owns 15,300 shares of the company’s stock, valued at approximately $127,296. The trade was a 53.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.83% of the company’s stock.

The Hain Celestial Group Trading Down 4.2 %

Shares of HAIN stock opened at $8.27 on Friday. The stock has a 50-day moving average of $8.27 and a 200-day moving average of $7.67. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The stock has a market cap of $745.87 million, a price-to-earnings ratio of -9.18 and a beta of 0.74. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last released 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 the consensus estimate of $394.24 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays dropped 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 research note on Monday, November 11th. Stifel Nicolaus increased their target price on 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. DA Davidson reduced their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, November 12th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, The Hain Celestial Group currently has a consensus rating of “Hold” and an average price target of $9.43.

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.