Grace & White Inc. NY Acquires Shares of 14,000 The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Grace & White Inc. NY bought a new stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 14,000 shares of the company’s stock, valued at approximately $86,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC boosted its stake in The Hain Celestial Group by 54.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock worth $10,568,000 after buying an additional 434,070 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of The Hain Celestial Group by 257.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 496,842 shares of the company’s stock worth $4,288,000 after acquiring an additional 357,669 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of The Hain Celestial Group during the 3rd quarter worth about $2,515,000. Quest Partners LLC grew its holdings in The Hain Celestial Group by 387.1% during the 3rd quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock valued at $1,835,000 after purchasing an additional 168,996 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in The Hain Celestial Group by 6.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,229,181 shares of the company’s stock worth $19,241,000 after purchasing an additional 142,097 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of The Hain Celestial Group stock opened at $4.36 on Thursday. The Hain Celestial Group, Inc. has a 12 month low of $3.28 and a 12 month high of $10.07. The stock’s fifty day moving average price is $5.85 and its 200-day moving average price is $7.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.05 and a current ratio of 2.01.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 4.94% and a positive return on equity of 3.13%. On average, analysts expect that The Hain Celestial Group, Inc. will post 0.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HAIN. JPMorgan Chase & Co. dropped their target price on The Hain Celestial Group from $8.00 to $6.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Barclays dropped their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday. Mizuho reduced their target price on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday. Stifel Nicolaus decreased their target price on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, DA Davidson cut their price target on shares of 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. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $6.56.

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.