Cubist Systematic Strategies LLC Sells 401,633 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Cubist Systematic Strategies LLC reduced its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 91.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,676 shares of the company’s stock after selling 401,633 shares during the period. Cubist Systematic Strategies LLC’s holdings in The Hain Celestial Group were worth $219,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Illinois Municipal Retirement Fund boosted its holdings in shares of The Hain Celestial Group by 4.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 49,113 shares of the company’s stock worth $302,000 after buying an additional 2,091 shares during the period. MetLife Investment Management LLC raised its stake in The Hain Celestial Group by 6.3% during the 4th quarter. MetLife Investment Management LLC now owns 54,389 shares of the company’s stock valued at $334,000 after purchasing an additional 3,215 shares during the last quarter. Van ECK Associates Corp raised its stake in 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 valued at $66,000 after purchasing an additional 3,554 shares during the last quarter. Franklin Resources Inc. raised its stake in The Hain Celestial Group by 7.1% during the 4th quarter. Franklin Resources Inc. now owns 56,239 shares of the company’s stock valued at $346,000 after purchasing an additional 3,732 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in The Hain Celestial Group by 43.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,266 shares of the company’s stock valued at $118,000 after purchasing an additional 5,841 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

The Hain Celestial Group Trading Up 9.4%

Shares of HAIN stock opened at $1.97 on Friday. The Hain Celestial Group, Inc. has a 52-week low of $1.30 and a 52-week high of $9.43. The stock has a market cap of $177.80 million, a price-to-earnings ratio of -1.02 and a beta of 1.05. 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 firm has a fifty day moving average of $3.18 and a 200-day moving average of $5.06.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Wednesday, May 7th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.05). The firm had revenue of $390.35 million for the quarter, compared to analyst estimates of $414.45 million. The Hain Celestial Group had a positive return on equity of 2.88% and a negative net margin of 10.51%. The company’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. On average, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HAIN has been the subject of several research analyst reports. Barclays cut their target price on shares of The Hain Celestial Group from $4.00 to $2.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. Sanford C. Bernstein cut shares of The Hain Celestial Group from an “outperform” rating to a “market perform” rating and set a $1.50 target price for the company. in a research note on Thursday, May 8th. Mizuho cut their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Tuesday, February 11th. JPMorgan Chase & Co. cut 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 research note on Friday, March 14th. Finally, Stifel Nicolaus dropped their price objective on shares of The Hain Celestial Group from $4.00 to $1.50 and set a “hold” rating for the company in a research note on Thursday, May 8th. Nine 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $4.39.

Insider Buying and Selling

In other news, Director Celeste A. Clark bought 83,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of $1.79 per share, for a total transaction of $148,570.00. Following the transaction, the director now directly owns 83,000 shares of the company’s stock, valued at $148,570. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dawn M. Zier bought 200,000 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were purchased at an average price of $1.60 per share, with a total value of $320,000.00. Following the transaction, the director now directly owns 288,229 shares in the company, valued at $461,166.40. This represents a 226.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 286,200 shares of company stock worth $481,498 in the last quarter. 0.83% of the stock is owned by corporate insiders.

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.