Black Creek Investment Management Inc. Reduces Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Black Creek Investment Management Inc. decreased its holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 86.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 716,463 shares of the company’s stock after selling 4,606,771 shares during the quarter. The Hain Celestial Group comprises approximately 0.3% of Black Creek Investment Management Inc.’s portfolio, making the stock its 23rd biggest position. Black Creek Investment Management Inc. owned 0.80% of The Hain Celestial Group worth $8,963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in The Hain Celestial Group by 2,379.3% in the first quarter. Nisa Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $25,000 after acquiring an additional 1,380 shares during the period. Ameritas Advisory Services LLC bought a new position in The Hain Celestial Group in the first quarter worth $27,000. Tower Research Capital LLC TRC raised its holdings in The Hain Celestial Group by 371.9% in the first quarter. Tower Research Capital LLC TRC now owns 2,690 shares of the company’s stock worth $46,000 after purchasing an additional 2,120 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in The Hain Celestial Group by 30.0% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,121 shares of the company’s stock worth $50,000 after purchasing an additional 721 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in The Hain Celestial Group by 6,204.3% in the first quarter. Bessemer Group Inc. now owns 2,963 shares of the company’s stock worth $51,000 after purchasing an additional 2,916 shares in the last quarter. Hedge funds and other institutional investors own 89.11% of the company’s stock.

Insider Activity

In other The Hain Celestial Group news, insider Steven R. Golliher purchased 30,000 shares of the company’s stock in a transaction on Friday, September 15th. The stock was acquired at an average cost of $10.16 per share, for a total transaction of $304,800.00. Following the purchase, the insider now directly owns 36,274 shares of the company’s stock, valued at approximately $368,543.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Carlyn R. Taylor bought 18,175 shares of the stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $11.00 per share, for a total transaction of $199,925.00. Following the transaction, the director now owns 53,957 shares of the company’s stock, valued at $593,527. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven R. Golliher bought 30,000 shares of the stock in a transaction dated Friday, September 15th. The shares were purchased at an average price of $10.16 per share, with a total value of $304,800.00. Following the completion of the transaction, the insider now directly owns 36,274 shares in the company, valued at approximately $368,543.84. The disclosure for this purchase can be found here. Insiders have purchased a total of 73,175 shares of company stock valued at $768,525 in the last ninety days. Corporate insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HAIN shares. Barclays decreased their price objective on The Hain Celestial Group from $14.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, September 15th. Maxim Group reiterated a “buy” rating and issued a $30.00 price objective on shares of The Hain Celestial Group in a report on Thursday, September 14th. Sanford C. Bernstein reduced their price target on The Hain Celestial Group from $23.00 to $20.00 in a report on Monday, October 9th. Stifel Nicolaus reduced their price target on The Hain Celestial Group from $13.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, September 14th. Finally, Evercore ISI reduced their price target on The Hain Celestial Group from $14.00 to $13.00 and set an “in-line” rating for the company in a report on Monday, August 28th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.33.

The Hain Celestial Group Price Performance

NASDAQ HAIN traded up $0.23 during trading hours on Wednesday, hitting $11.92. The company’s stock had a trading volume of 245,867 shares, compared to its average volume of 970,696. The Hain Celestial Group, Inc. has a 12 month low of $9.36 and a 12 month high of $22.14. The company’s 50 day simple moving average is $10.56 and its two-hundred day simple moving average is $12.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.29 and a quick ratio of 1.02.

The Hain Celestial Group (NASDAQ:HAIN) last announced its earnings results on Tuesday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $431.68 million. The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 7.51%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. Equities research analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current fiscal year.

About The Hain Celestial Group

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.