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

Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 491,257 shares of the company’s stock after selling 5,585 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.54% of The Hain Celestial Group worth $3,021,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new position in shares of The Hain Celestial Group in the fourth quarter worth $370,371,000. Hotchkis & Wiley Capital Management LLC raised its stake in The Hain Celestial Group by 54.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,224,590 shares of the company’s stock valued at $10,568,000 after purchasing an additional 434,070 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in The Hain Celestial Group in the 4th quarter valued at about $2,652,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of The Hain Celestial Group during the 3rd quarter worth about $2,515,000. Finally, Quest Partners LLC grew its holdings 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 buying an additional 168,996 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

The Hain Celestial Group Stock Performance

Shares of NASDAQ:HAIN opened at $4.02 on Tuesday. The firm has a market capitalization of $362.79 million, a PE ratio of -2.07 and a beta of 0.83. The Hain Celestial Group, Inc. has a 12 month low of $3.28 and a 12 month high of $9.43. 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 business has a 50-day moving average of $4.51 and a two-hundred day moving average of $6.72.

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

Analyst Ratings Changes

HAIN has been the topic of several recent analyst reports. Barclays reduced 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 research note on Tuesday, February 11th. Maxim Group reduced their price target on The Hain Celestial Group from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Mizuho lowered their price objective on The Hain Celestial Group from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their target price on The Hain Celestial Group from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. lowered 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. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.44.

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.