Connor Clark & Lunn Investment Management Ltd. Buys 357,669 Shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Connor Clark & Lunn Investment Management Ltd. lifted its stake in The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 257.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 496,842 shares of the company’s stock after buying an additional 357,669 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.55% of The Hain Celestial Group worth $4,288,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP lifted its position in The Hain Celestial Group by 433.5% in the third quarter. Allworth Financial LP now owns 2,982 shares of the company’s stock valued at $26,000 after purchasing an additional 2,423 shares during the last quarter. Signaturefd LLC boosted its position in The Hain Celestial Group by 125.9% during the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $28,000 after buying an additional 2,226 shares during the period. nVerses Capital LLC grew its holdings in The Hain Celestial Group by 161.1% in the 2nd quarter. nVerses Capital LLC now owns 4,700 shares of the company’s stock worth $32,000 after acquiring an additional 2,900 shares during the last quarter. CWM LLC increased its position in shares of The Hain Celestial Group by 357.8% in the second quarter. CWM LLC now owns 8,822 shares of the company’s stock valued at $61,000 after acquiring an additional 6,895 shares during the period. Finally, Choreo LLC bought a new position in shares of The Hain Celestial Group during the second quarter valued at about $71,000. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HAIN shares. Piper Sandler reissued a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. Barclays reduced their target price on The Hain Celestial Group from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Stifel Nicolaus lifted their price target on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Finally, DA Davidson reduced their price objective on shares of The Hain Celestial Group from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group has a consensus rating of “Hold” and a consensus target price of $9.43.

Insider Buying and Selling at The Hain Celestial Group

In other news, insider Chad D. Marquardt bought 5,300 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of $8.32 per share, with a total value of $44,096.00. Following the completion of the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at approximately $127,296. This represents a 53.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.83% of the stock is owned by company insiders.

The Hain Celestial Group Stock Performance

Shares of HAIN stock opened at $8.24 on Friday. The company’s fifty day moving average price is $8.22 and its 200-day moving average price is $7.62. The stock has a market cap of $743.17 million, a PE ratio of -8.77 and a beta of 0.74. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.76. The Hain Celestial Group, Inc. has a 12 month low of $5.68 and a 12 month high of $11.68.

The Hain Celestial Group (NASDAQ:HAIN) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The Hain Celestial Group had a positive return on equity of 3.13% and a negative net margin of 4.94%. The business had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $394.24 million. During the same quarter last year, the company posted ($0.04) EPS. The Hain Celestial Group’s revenue for the quarter was down 7.2% compared to the same quarter last year. On average, equities analysts expect that The Hain Celestial Group, Inc. will post 0.46 EPS 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.