Savant Capital LLC Acquires New Holdings in The Hain Celestial Group, Inc. $HAIN

Savant Capital LLC acquired a new position in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 45,991 shares of the company’s stock, valued at approximately $70,000. Savant Capital LLC owned approximately 0.05% of The Hain Celestial Group as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of The Hain Celestial Group by 295.4% in the 1st quarter. Millennium Management LLC now owns 4,731,690 shares of the company’s stock valued at $19,637,000 after acquiring an additional 3,535,073 shares during the period. AQR Capital Management LLC boosted its position in The Hain Celestial Group by 151.1% during the first quarter. AQR Capital Management LLC now owns 1,066,048 shares of the company’s stock valued at $4,424,000 after purchasing an additional 641,567 shares in the last quarter. Deutsche Bank AG grew its stake in The Hain Celestial Group by 634.0% in the first quarter. Deutsche Bank AG now owns 616,908 shares of the company’s stock valued at $2,560,000 after purchasing an additional 532,864 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in The Hain Celestial Group by 32.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,595,704 shares of the company’s stock valued at $6,622,000 after purchasing an additional 391,034 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in The Hain Celestial Group by 44.7% in the second quarter. Assenagon Asset Management S.A. now owns 820,560 shares of the company’s stock worth $1,247,000 after purchasing an additional 253,326 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insider Buying and Selling

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

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $1.15 on Friday. The firm has a market capitalization of $104.15 million, a price-to-earnings ratio of -0.19 and a beta of 0.79. 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 business has a fifty day moving average of $1.38 and a 200 day moving average of $1.62. The Hain Celestial Group, Inc. has a 1 year low of $1.01 and a 1 year high of $8.85.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $367.88 million for the quarter, compared to analysts’ expectations 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, research analysts expect that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on HAIN shares. Barclays cut their price objective on shares of 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of The Hain Celestial Group in a report on Tuesday, October 14th. Zacks Research downgraded The Hain Celestial Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 17th. Wall Street Zen raised The Hain Celestial Group from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Finally, Mizuho dropped their target price 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. 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’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $2.76.

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.