Public Sector Pension Investment Board Grows Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Public Sector Pension Investment Board boosted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 197,661 shares of the company’s stock after buying an additional 11,500 shares during the period. Public Sector Pension Investment Board’s holdings in The Hain Celestial Group were worth $1,366,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of HAIN. 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 acquiring an additional 2,226 shares during the period. nVerses Capital LLC increased its holdings in The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after purchasing an additional 2,900 shares during the last quarter. CWM LLC raised its position 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 purchasing an additional 6,895 shares during the period. Choreo LLC acquired a new position in The Hain Celestial Group during the second quarter worth $71,000. Finally, Intech Investment Management LLC purchased a new position in shares of The Hain Celestial Group during the second quarter worth $82,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity at The Hain Celestial Group

In related news, insider Chad D. Marquardt acquired 5,300 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were bought 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 owns 15,300 shares in the company, valued at $127,296. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $8.95 on Wednesday. The firm has a market capitalization of $804.10 million, a price-to-earnings ratio of -8.77 and a beta of 0.75. The firm’s fifty day simple moving average is $7.59 and its 200-day simple moving average is $7.26. The Hain Celestial Group, Inc. has a twelve month low of $5.68 and a twelve month high of $12.49. 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 (NASDAQ:HAIN) last announced its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The Hain Celestial Group had a positive return on equity of 3.10% and a negative net margin of 4.32%. The company had revenue of $419.00 million during the quarter, compared to the consensus estimate of $417.99 million. During the same period in the previous year, the business earned $0.11 EPS. The Hain Celestial Group’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts forecast that The Hain Celestial Group, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HAIN shares. Piper Sandler reissued a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Stifel Nicolaus increased their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Barclays lifted their price objective 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. Finally, DA Davidson reiterated a “neutral” rating and set a $8.00 target price on shares of The Hain Celestial Group in a report on Wednesday, August 28th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Hain Celestial Group presently has a consensus rating of “Hold” and a consensus price target of $10.88.

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.