Man Group plc Makes New $750,000 Investment in The Hain Celestial Group, Inc. $HAIN

Man Group plc bought a new stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) in the second quarter, HoldingsChannel.com reports. The fund bought 1,339,405 shares of the company’s stock, valued at approximately $750,000.

Other institutional investors also recently made changes to their positions in the company. Coldstream Capital Management Inc. acquired a new stake in shares of The Hain Celestial Group during the 3rd quarter worth approximately $29,000. Thrivent Financial for Lutherans boosted its position in 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 purchasing an additional 11,000 shares during the period. Mariner LLC grew its stake in The Hain Celestial Group by 98.0% during the 4th quarter. Mariner LLC now owns 30,098 shares of the company’s stock worth $32,000 after buying an additional 14,895 shares during the last quarter. Stifel Financial Corp bought a new position in The Hain Celestial Group during the 4th quarter worth $36,000. Finally, Amundi acquired a new stake in The Hain Celestial Group in the fourth quarter worth $37,000. 97.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group cut their target price on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a research note on Tuesday, July 7th. Wall Street Zen raised shares of The Hain Celestial Group from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded shares of The Hain Celestial Group from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, August 28th. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $1.06.

The Hain Celestial Group Price Performance

Shares of HAIN stock opened at $0.75 on Friday. The Hain Celestial Group, Inc. has a 12-month low of $0.48 and a 12-month high of $2.17. The firm has a market capitalization of $67.25 million, a price-to-earnings ratio of -0.13 and a beta of 0.80. The business has a 50 day simple moving average of $0.60 and a 200 day simple moving average of $0.69.

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.