Cornercap Investment Counsel Inc. Decreases Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Cornercap Investment Counsel Inc. lowered its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 52.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,682 shares of the company’s stock after selling 36,635 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in The Hain Celestial Group were worth $282,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HAIN. Millennium Management LLC lifted its holdings in shares of The Hain Celestial Group by 171.3% in the 2nd quarter. Millennium Management LLC now owns 2,634,718 shares of the company’s stock worth $18,206,000 after buying an additional 1,663,542 shares during the period. Invenomic Capital Management LP acquired a new stake in The Hain Celestial Group during the first quarter worth about $11,294,000. Federated Hermes Inc. grew its holdings in The Hain Celestial Group by 224.9% in the second quarter. Federated Hermes Inc. now owns 860,471 shares of the company’s stock valued at $5,946,000 after purchasing an additional 595,649 shares during the period. AQR Capital Management LLC purchased a new stake in shares of The Hain Celestial Group in the second quarter valued at approximately $3,942,000. Finally, Blair William & Co. IL increased its position in shares of The Hain Celestial Group by 418.3% in the first quarter. Blair William & Co. IL now owns 366,948 shares of the company’s stock valued at $2,884,000 after buying an additional 296,150 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

NASDAQ HAIN opened at $7.24 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.01 and a quick ratio of 1.05. The business has a 50 day moving average price of $8.27 and a 200 day moving average price of $7.60. The company has a market capitalization of $653.00 million, a P/E ratio of -7.70 and a beta of 0.74. The Hain Celestial Group, Inc. has a 1-year low of $5.68 and a 1-year high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million for the quarter, compared to analyst estimates of $394.24 million. During the same quarter last year, the business earned ($0.04) EPS. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. Sell-side analysts expect that The Hain Celestial Group, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

HAIN has been the subject of a number of recent analyst reports. Barclays cut their price objective on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. DA Davidson decreased their price target on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. Stifel Nicolaus boosted their price objective on The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $8.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 19th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $9.43.

Insider Activity at The Hain Celestial Group

In related news, insider Chad D. Marquardt acquired 5,300 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the transaction, the insider now directly owns 15,300 shares of the company’s stock, valued at $127,296. This trade represents a 53.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is owned by insiders.

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.