Arrowstreet Capital Limited Partnership Has $663,000 Stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Arrowstreet Capital Limited Partnership reduced its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 90.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 107,875 shares of the company’s stock after selling 1,047,352 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in The Hain Celestial Group were worth $663,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HAIN. FMR LLC raised its holdings in The Hain Celestial Group by 14.9% in the 3rd quarter. FMR LLC now owns 17,580 shares of the company’s stock worth $152,000 after acquiring an additional 2,280 shares during the period. Centiva Capital LP bought a new position in shares of The Hain Celestial Group in the third quarter worth about $136,000. Quantinno Capital Management LP acquired a new position in shares of The Hain Celestial Group during the 3rd quarter worth about $108,000. State Street Corp boosted its stake in The Hain Celestial Group by 0.4% during the 3rd quarter. State Street Corp now owns 3,464,855 shares of the company’s stock valued at $29,902,000 after purchasing an additional 15,494 shares during the period. Finally, Jane Street Group LLC grew its holdings in The Hain Celestial Group by 72.6% in the 3rd quarter. Jane Street Group LLC now owns 174,450 shares of the company’s stock valued at $1,506,000 after buying an additional 73,352 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Price Performance

Shares of The Hain Celestial Group stock opened at $3.23 on Friday. The Hain Celestial Group, Inc. has a twelve month low of $3.20 and a twelve month high of $9.43. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.00 and a current ratio of 1.90. The firm has a market cap of $291.50 million, a P/E ratio of -1.66 and a beta of 0.93. The firm’s 50-day simple moving average is $3.98 and its 200-day simple moving average is $6.12.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings data on Monday, February 10th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The Hain Celestial Group had a negative net margin of 10.51% and a positive return on equity of 2.88%. As a group, research analysts expect that The Hain Celestial Group, Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price target on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Evercore ISI reduced their price target on shares of The Hain Celestial Group from $9.00 to $6.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Barclays dropped their price objective on shares of The Hain Celestial Group from $6.00 to $5.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 11th. Maxim Group reduced their target price on shares of The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus lowered their price target on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.44.

The Hain Celestial Group 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.