Entropy Technologies LP Acquires 3,000 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Entropy Technologies LP raised its holdings in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 19.1% during the third quarter, HoldingsChannel reports. The fund owned 18,708 shares of the company’s stock after purchasing an additional 3,000 shares during the quarter. Entropy Technologies LP’s holdings in The Hain Celestial Group were worth $161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP raised its stake in shares of The Hain Celestial Group by 433.5% during the 3rd quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after purchasing an additional 2,423 shares during the period. Signaturefd LLC grew its holdings in The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares in the last quarter. nVerses Capital LLC increased its position in shares of The Hain Celestial Group by 161.1% during the second quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock valued at $32,000 after buying an additional 2,900 shares during the period. CWM LLC increased its position in shares of The Hain Celestial Group by 357.8% during the second quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after buying an additional 6,895 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in shares of The Hain Celestial Group in the third quarter worth about $87,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HAIN. Piper Sandler reaffirmed a “neutral” rating and set a $8.00 price objective on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Barclays decreased their price target on shares of The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. DA Davidson dropped their price objective on The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Finally, Stifel Nicolaus upped their target price on The Hain Celestial Group from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.43.

Insider Buying and Selling

In other news, insider Chad D. Marquardt bought 5,300 shares of The Hain Celestial Group stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. The trade was a 53.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.83% of the stock is owned by insiders.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $7.24 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The company 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 cap of $653.00 million, a price-to-earnings ratio of -7.70 and a beta of 0.74. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $11.68.

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

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.