AlphaCrest Capital Management LLC Acquires 61,460 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

AlphaCrest Capital Management LLC lifted its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAINGet Rating) by 330.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 80,049 shares of the company’s stock after acquiring an additional 61,460 shares during the quarter. AlphaCrest Capital Management LLC owned approximately 0.09% of The Hain Celestial Group worth $1,900,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HAIN. Bridgewater Associates LP lifted its holdings in The Hain Celestial Group by 3.9% during the 2nd quarter. Bridgewater Associates LP now owns 266,528 shares of the company’s stock worth $6,327,000 after purchasing an additional 10,073 shares during the last quarter. Trexquant Investment LP acquired a new stake in The Hain Celestial Group during the 2nd quarter worth approximately $1,862,000. Deutsche Bank AG lifted its holdings in The Hain Celestial Group by 7.8% during the 2nd quarter. Deutsche Bank AG now owns 56,579 shares of the company’s stock worth $1,343,000 after purchasing an additional 4,097 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in The Hain Celestial Group by 6.7% during the 2nd quarter. Mackenzie Financial Corp now owns 55,966 shares of the company’s stock worth $1,329,000 after purchasing an additional 3,530 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in The Hain Celestial Group by 30.9% during the 2nd quarter. Inspire Investing LLC now owns 10,637 shares of the company’s stock worth $253,000 after purchasing an additional 2,514 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HAIN shares. Mizuho lifted their price objective on The Hain Celestial Group from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, November 9th. Evercore ISI dropped their price objective on The Hain Celestial Group to $30.00 in a report on Monday, August 15th. CL King dropped their price objective on The Hain Celestial Group from $28.00 to $25.00 in a report on Tuesday, October 25th. Maxim Group dropped their price objective on The Hain Celestial Group from $50.00 to $42.00 and set a “buy” rating for the company in a report on Friday, August 26th. Finally, Consumer Edge cut The Hain Celestial Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $30.00 to $23.00 in a report on Monday, August 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.70.

The Hain Celestial Group Trading Up 3.1 %

Shares of HAIN opened at $20.37 on Thursday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 28.69 and a beta of 0.79. The Hain Celestial Group, Inc. has a 52-week low of $15.23 and a 52-week high of $43.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.09 and a current ratio of 2.31. The business’s fifty day moving average is $18.00 and its 200-day moving average is $21.60.

The Hain Celestial Group (NASDAQ:HAINGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.19). The firm had revenue of $457.00 million for the quarter, compared to the consensus estimate of $461.69 million. The Hain Celestial Group had a return on equity of 7.14% and a net margin of 3.48%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 EPS. Equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.88 EPS for the current fiscal year.

The Hain Celestial Group Company Profile

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The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, 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, almond, and coconut; and condiments.

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Institutional Ownership by Quarter for The Hain Celestial Group (NASDAQ:HAIN)

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