The Hain Celestial Group, Inc. $HAIN Shares Sold by CastleKnight Management LP

CastleKnight Management LP decreased its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 32.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,673,100 shares of the company’s stock after selling 1,295,500 shares during the quarter. CastleKnight Management LP’s holdings in The Hain Celestial Group were worth $2,860,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of The Hain Celestial Group by 16.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,194 shares of the company’s stock worth $102,000 after acquiring an additional 9,350 shares in the last quarter. American Century Companies Inc. grew its stake in shares of The Hain Celestial Group by 8.9% in the second quarter. American Century Companies Inc. now owns 124,721 shares of the company’s stock worth $190,000 after acquiring an additional 10,200 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of The Hain Celestial Group by 104.8% in the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock worth $32,000 after acquiring an additional 11,000 shares in the last quarter. Blair William & Co. IL grew its stake in shares of The Hain Celestial Group by 5.2% in the third quarter. Blair William & Co. IL now owns 249,838 shares of the company’s stock worth $395,000 after acquiring an additional 12,327 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of The Hain Celestial Group by 98.0% in the fourth quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after acquiring an additional 14,895 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Trading Down 5.0%

Shares of HAIN stock opened at $0.58 on Thursday. The firm has a fifty day moving average price of $0.77 and a 200 day moving average price of $0.90. The company has a market cap of $51.99 million, a P/E ratio of -0.10 and a beta of 0.69. The Hain Celestial Group, Inc. has a 12 month low of $0.55 and a 12 month high of $2.17.

The Hain Celestial Group (NASDAQ:HAIN) last issued its earnings results on Monday, May 11th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $338.36 million during the quarter, compared to the consensus estimate of $341.99 million. The Hain Celestial Group had a negative net margin of 35.47% and a negative return on equity of 3.52%. On average, equities analysts forecast that The Hain Celestial Group, Inc. will post -0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on HAIN. Wall Street Zen upgraded shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 3rd. William Blair downgraded shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 9th. Finally, Barclays downgraded shares of The Hain Celestial Group from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $1.50 to $0.50 in a research note on Monday, March 16th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $1.13.

The Hain Celestial Group Profile

The Hain Celestial Group, Inc (NASDAQ: HAIN) is a leading global producer and marketer of natural and organic branded products. The company operates through two principal segments—Grocery and Personal Care—offering a diversified portfolio that spans shelf-stable foods, snacks, beverages, condiments and natural personal care items. Its product lineup addresses growing consumer demand for clean-label, plant-based and ethically sourced offerings in everyday categories.

Within its Grocery segment, Hain Celestial markets well-known brands such as Celestial Seasonings teas, Earth’s Best organic baby foods, Rudi’s organic bakery items, Terra vegetable chips and Sensible Portions snacks.