Moody National Bank Trust Division Sells 52,779 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Moody National Bank Trust Division lessened its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 82.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,511 shares of the company’s stock after selling 52,779 shares during the period. Moody National Bank Trust Division’s holdings in The Hain Celestial Group were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Wealthfront Advisers LLC bought a new stake in shares of The Hain Celestial Group in the 4th quarter worth about $370,371,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in The Hain Celestial Group by 9.8% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,223,817 shares of the company’s stock worth $38,276,000 after acquiring an additional 555,195 shares in the last quarter. Invesco Ltd. increased its stake in The Hain Celestial Group by 272.4% during the fourth quarter. Invesco Ltd. now owns 5,870,075 shares of the company’s stock worth $36,101,000 after acquiring an additional 4,293,945 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in The Hain Celestial Group by 512.0% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,520,722 shares of the company’s stock valued at $15,502,000 after purchasing an additional 2,108,845 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in The Hain Celestial Group during the fourth quarter valued at approximately $14,322,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barclays dropped their target price on The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. Evercore ISI dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Wednesday, April 23rd. Stifel Nicolaus reduced their target price on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating on the stock in a research note on Thursday, May 8th. JPMorgan Chase & Co. lowered their target price on shares of The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Finally, Sanford C. Bernstein cut shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 price target for the company. in a research note on Thursday, May 8th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.22.

Insider Activity at The Hain Celestial Group

In other news, Director Celeste A. Clark bought 83,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was acquired at an average cost of $1.79 per share, for a total transaction of $148,570.00. Following the acquisition, the director now owns 83,000 shares of the company’s stock, valued at $148,570. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Neil Campbell purchased 25,640 shares of the company’s stock in a transaction dated Thursday, May 22nd. The shares were purchased at an average cost of $1.93 per share, for a total transaction of $49,485.20. Following the transaction, the director now directly owns 62,929 shares in the company, valued at approximately $121,452.97. This represents a 68.76% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 308,640 shares of company stock worth $518,055. Company insiders own 0.83% of the company’s stock.

The Hain Celestial Group Stock Up 1.1%

Shares of HAIN opened at $1.88 on Monday. The firm has a fifty day moving average price of $2.79 and a 200-day moving average price of $4.62. The company has a current ratio of 1.90, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $169.68 million, a P/E ratio of -0.97 and a beta of 1.05. The Hain Celestial Group, Inc. has a 12-month low of $1.30 and a 12-month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.05). The company had revenue of $390.35 million during the quarter, compared to analysts’ expectations of $414.45 million. The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. The Hain Celestial Group’s quarterly revenue was down 10.9% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. Equities research analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

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.