Raiffeisen Bank International AG Has $184,000 Stock Position in The Hain Celestial Group, Inc. $HAIN

Raiffeisen Bank International AG lowered its position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 76.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,000 shares of the company’s stock after selling 400,000 shares during the quarter. Raiffeisen Bank International AG owned 0.13% of The Hain Celestial Group worth $184,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HAIN. Intech Investment Management LLC raised its stake in shares of The Hain Celestial Group by 14.2% in the second quarter. Intech Investment Management LLC now owns 53,821 shares of the company’s stock valued at $82,000 after purchasing an additional 6,673 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of The Hain Celestial Group by 255.1% in the 2nd quarter. Cetera Investment Advisers now owns 43,876 shares of the company’s stock valued at $67,000 after buying an additional 31,521 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new position in shares of The Hain Celestial Group in the 2nd quarter valued at $91,000. Rathbones Group PLC bought a new position in shares of The Hain Celestial Group during the 2nd quarter worth about $39,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of The Hain Celestial Group by 28.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 606,427 shares of the company’s stock valued at $922,000 after acquiring an additional 133,129 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

The Hain Celestial Group Price Performance

Shares of HAIN opened at $1.20 on Thursday. The company has a market capitalization of $108.68 million, a P/E ratio of -0.20 and a beta of 0.80. The Hain Celestial Group, Inc. has a one year low of $1.01 and a one year high of $8.85. The business’s 50 day simple moving average is $1.42 and its 200-day simple moving average is $1.64. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.91 and a quick ratio of 1.02.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Friday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $367.88 million for the quarter, compared to analyst estimates of $361.09 million. The Hain Celestial Group had a negative net margin of 34.03% and a positive return on equity of 1.10%. As a group, sell-side analysts predict that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Insider Transactions at The Hain Celestial Group

In related news, CEO Alison Lewis purchased 44,895 shares of The Hain Celestial Group stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average price of $1.50 per share, for a total transaction of $67,342.50. Following the transaction, the chief executive officer directly owned 74,895 shares in the company, valued at approximately $112,342.50. This represents a 149.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Neil Campbell acquired 62,640 shares of the stock in a transaction on Friday, September 19th. The stock was bought at an average price of $1.52 per share, with a total value of $95,212.80. Following the transaction, the director directly owned 125,569 shares in the company, valued at approximately $190,864.88. This represents a 99.54% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 137,535 shares of company stock valued at $207,255 over the last ninety days. 1.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on HAIN shares. Stephens lowered shares of The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $3.00 to $2.00 in a research report on Wednesday, September 17th. Wall Street Zen upgraded The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Sunday. Zacks Research downgraded The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 17th. Mizuho decreased their price target on The Hain Celestial Group from $2.50 to $1.50 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Finally, Barclays lowered their price target on The Hain Celestial Group from $2.00 to $1.50 and set an “equal weight” rating on the stock in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, The Hain Celestial Group currently has a consensus rating of “Reduce” and a consensus price target of $2.76.

The Hain Celestial Group 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.