American Century Companies Inc. cut its stake in Hain Celestial Group Inc (NASDAQ:HAIN) by 12.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 379,698 shares of the company’s stock after selling 53,926 shares during the period. American Century Companies Inc. owned about 0.35% of Hain Celestial Group worth $10,297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in Hain Celestial Group by 3.0% in the first quarter. Principal Financial Group Inc. now owns 454,320 shares of the company’s stock valued at $14,570,000 after acquiring an additional 13,377 shares during the last quarter. SFE Investment Counsel increased its stake in Hain Celestial Group by 21.9% in the second quarter. SFE Investment Counsel now owns 15,698 shares of the company’s stock valued at $468,000 after purchasing an additional 2,820 shares during the period. TCW Group Inc. increased its stake in Hain Celestial Group by 38.3% in the second quarter. TCW Group Inc. now owns 17,358 shares of the company’s stock valued at $517,000 after purchasing an additional 4,811 shares during the period. Millennium Management LLC increased its stake in Hain Celestial Group by 286.0% in the first quarter. Millennium Management LLC now owns 49,258 shares of the company’s stock valued at $1,580,000 after purchasing an additional 36,496 shares during the period. Finally, California Public Employees Retirement System increased its stake in Hain Celestial Group by 26.6% in the second quarter. California Public Employees Retirement System now owns 267,704 shares of the company’s stock valued at $7,978,000 after purchasing an additional 56,173 shares during the period. 93.18% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Mark L. Schiller purchased 45,800 shares of the company’s stock in a transaction dated Monday, November 12th. The shares were acquired at an average cost of $22.88 per share, for a total transaction of $1,047,904.00. Following the completion of the purchase, the insider now directly owns 124,355 shares in the company, valued at approximately $2,845,242.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 13.50% of the company’s stock.

Shares of Hain Celestial Group stock opened at $22.53 on Tuesday. Hain Celestial Group Inc has a 52-week low of $21.76 and a 52-week high of $44.37. The company has a current ratio of 2.32, a quick ratio of 1.37 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2.36 billion, a PE ratio of 19.42, a PEG ratio of 2.58 and a beta of 1.09.

Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Hain Celestial Group had a positive return on equity of 6.67% and a negative net margin of 1.84%. The firm had revenue of $560.88 million for the quarter, compared to analyst estimates of $588.12 million. During the same quarter last year, the firm earned $0.20 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year. Equities analysts anticipate that Hain Celestial Group Inc will post 1.17 earnings per share for the current fiscal year.

A number of research analysts have commented on the stock. Royal Bank of Canada restated a “hold” rating and issued a $24.00 price objective on shares of Hain Celestial Group in a research note on Wednesday, November 14th. BMO Capital Markets restated a “hold” rating and issued a $25.00 price objective on shares of Hain Celestial Group in a research note on Tuesday, November 13th. Loop Capital lifted their price objective on shares of Hain Celestial Group to $24.00 and gave the company a “hold” rating in a research note on Monday, November 12th. Buckingham Research set a $24.00 price objective on shares of Hain Celestial Group and gave the company a “hold” rating in a research note on Friday, November 9th. Finally, UBS Group set a $21.00 price objective on shares of Hain Celestial Group and gave the company a “sell” rating in a research note on Friday, November 9th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Hain Celestial Group currently has a consensus rating of “Hold” and an average price target of $30.40.

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Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, distributes, and sells organic and natural products. The company operates in seven segments: the United States, United Kingdom, Tilda, Ella's Kitchen UK, Canada, Europe, and Cultivate. It offers infant formula; infant, toddler, and kids foods; diapers and wipes; rice and grain-based products; plant-based beverages and frozen desserts, such as soy, rice, oat, almond, and coconut; flour and baking mixes; breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, and cereal bars; canned, chilled fresh, aseptic, and instant soups; yogurts; chilies; chocolates; and nut butters.

Further Reading: What is a Swap?

Institutional Ownership by Quarter for Hain Celestial Group (NASDAQ:HAIN)

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