Trexquant Investment LP Reduces Stock Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Trexquant Investment LP decreased its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 40.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 361,715 shares of the company’s stock after selling 241,722 shares during the quarter. Trexquant Investment LP’s holdings in The Hain Celestial Group were worth $2,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAIN. Van ECK Associates Corp raised its holdings in shares of The Hain Celestial Group by 49.0% during the 4th quarter. Van ECK Associates Corp now owns 10,805 shares of the company’s stock worth $66,000 after acquiring an additional 3,554 shares during the period. Virtu Financial LLC acquired a new stake in The Hain Celestial Group during the fourth quarter worth about $73,000. Grace & White Inc. NY purchased a new position in The Hain Celestial Group during the fourth quarter worth about $86,000. Sanctuary Advisors LLC acquired a new position in The Hain Celestial Group in the 3rd quarter valued at about $93,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of The Hain Celestial Group in the 3rd quarter valued at approximately $94,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Stock Down 11.0 %

Shares of HAIN opened at $3.41 on Wednesday. The company’s 50-day simple moving average is $4.11 and its 200-day simple moving average is $6.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The Hain Celestial Group, Inc. has a 1 year low of $3.28 and a 1 year high of $9.43. The stock has a market capitalization of $307.74 million, a PE ratio of -1.76 and a beta of 0.93.

The Hain Celestial Group (NASDAQ:HAIN) last issued 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 10.51% and a positive return on equity of 2.88%. Analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on HAIN. Mizuho reduced their price target on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus lowered their price target on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Evercore ISI reduced their price objective on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. Piper Sandler lowered their target price on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Barclays reduced their price target on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Hold” and an average price target of $6.44.

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.