Cerity Partners LLC Trims Position in The Hain Celestial Group, Inc. (NASDAQ:HAIN)

Cerity Partners LLC lowered its stake in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) by 35.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,083 shares of the company’s stock after selling 6,102 shares during the quarter. Cerity Partners LLC’s holdings in The Hain Celestial Group were worth $68,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HAIN. Wealthfront Advisers LLC acquired a new position in shares of The Hain Celestial Group in the fourth quarter valued at approximately $370,371,000. Barclays PLC grew its position in The Hain Celestial Group by 124.6% in the 3rd quarter. Barclays PLC now owns 182,609 shares of the company’s stock valued at $1,576,000 after buying an additional 101,290 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in The Hain Celestial Group in the 4th quarter valued at $142,000. Madison Investment Advisors LLC acquired a new stake in shares of The Hain Celestial Group in the 4th quarter worth $3,583,000. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of The Hain Celestial Group in the fourth quarter valued at about $2,652,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on HAIN shares. Stifel Nicolaus reduced their price objective on shares of The Hain Celestial Group from $6.00 to $4.00 and set a “hold” rating for the company in a research report on Thursday. Barclays decreased their price target on The Hain Celestial Group from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Evercore ISI cut their price objective on The Hain Celestial Group from $6.00 to $5.00 and set an “in-line” rating for the company in a research report on Wednesday. Mizuho decreased 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 report on Tuesday, February 11th. Finally, Maxim Group cut 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 report on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.94.

The Hain Celestial Group Stock Performance

Shares of NASDAQ HAIN opened at $2.94 on Friday. 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 company has a market cap of $265.33 million, a PE ratio of -1.52 and a beta of 0.93. The company has a 50-day simple moving average of $3.70 and a 200-day simple moving average of $5.74. The Hain Celestial Group, Inc. has a 12 month low of $2.68 and a 12 month high of $9.43.

The Hain Celestial Group (NASDAQ:HAIN) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.08 earnings per share 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%. On average, equities analysts anticipate that The Hain Celestial Group, Inc. will post 0.4 earnings per share for the current 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.