CastleKnight Management LP Trims Stock Position in The Hain Celestial Group, Inc. $HAIN

CastleKnight Management LP lessened its position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 32.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,673,100 shares of the company’s stock after selling 1,295,500 shares during the quarter. CastleKnight Management LP owned about 2.94% of The Hain Celestial Group worth $2,860,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HAIN. Coldstream Capital Management Inc. purchased a new stake in shares of The Hain Celestial Group during the 3rd quarter valued at approximately $29,000. Thrivent Financial for Lutherans raised its position in shares of The Hain Celestial Group by 104.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after buying an additional 11,000 shares during the period. Mariner LLC raised its position in shares of The Hain Celestial Group by 98.0% during the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock valued at $32,000 after buying an additional 14,895 shares during the period. Stifel Financial Corp purchased a new stake in shares of The Hain Celestial Group during the 4th quarter valued at approximately $36,000. Finally, Amundi purchased a new stake in shares of The Hain Celestial Group during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

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

The Hain Celestial Group Stock Down 5.0%

Shares of NASDAQ HAIN opened at $0.58 on Thursday. The firm has a market cap of $51.99 million, a price-to-earnings ratio of -0.10 and a beta of 0.69. The Hain Celestial Group, Inc. has a 52-week low of $0.55 and a 52-week high of $2.17. The business’s 50 day moving average is $0.77 and its two-hundred day moving average is $0.90.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $338.36 million for the quarter, compared to analyst estimates of $341.99 million. The Hain Celestial Group had a negative return on equity of 3.52% and a negative net margin of 35.47%. Analysts anticipate that The Hain Celestial Group, Inc. will post -0.16 EPS for the current fiscal year.

The Hain Celestial Group Company 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.