Connor Clark & Lunn Investment Management Ltd. Reduces Stock Holdings in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 1.1% in the fourth quarter, Holdings Channel reports. The fund owned 491,257 shares of the company’s stock after selling 5,585 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in The Hain Celestial Group were worth $3,021,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of HAIN. Los Angeles Capital Management LLC purchased a new position in shares of The Hain Celestial Group in the third quarter valued at $357,000. Entropy Technologies LP boosted its position in The Hain Celestial Group by 19.1% in the 3rd quarter. Entropy Technologies LP now owns 18,708 shares of the company’s stock valued at $161,000 after buying an additional 3,000 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of The Hain Celestial Group by 8.7% during the third quarter. Thrivent Financial for Lutherans now owns 81,226 shares of the company’s stock valued at $701,000 after acquiring an additional 6,470 shares in the last quarter. Quest Partners LLC increased its position in shares of The Hain Celestial Group by 387.1% during the third quarter. Quest Partners LLC now owns 212,655 shares of the company’s stock worth $1,835,000 after acquiring an additional 168,996 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of The Hain Celestial Group by 93.7% in the third quarter. Intech Investment Management LLC now owns 22,960 shares of the company’s stock worth $198,000 after acquiring an additional 11,109 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HAIN shares. JPMorgan Chase & Co. lowered their price objective on The Hain Celestial Group from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Friday. Maxim Group dropped their price target 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. Piper Sandler reduced their price objective on shares of The Hain Celestial Group from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus decreased their price objective on shares of The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating for the company in a report on Tuesday, February 11th. Finally, Mizuho cut their target price on shares of The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $6.44.

The Hain Celestial Group Stock Up 5.2 %

HAIN stock opened at $4.02 on Tuesday. The firm has a market cap of $362.79 million, a price-to-earnings ratio of -2.07 and a beta of 0.83. The Hain Celestial Group, Inc. has a 1-year low of $3.28 and a 1-year high of $9.43. The firm has a fifty day moving average price of $4.51 and a two-hundred day moving average price of $6.72. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.90 and a quick ratio of 1.00.

The Hain Celestial Group (NASDAQ:HAIN) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.08 EPS 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%. Research analysts predict that The Hain Celestial Group, Inc. will post 0.4 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.