8,528,789 Shares in The Hain Celestial Group, Inc. $HAIN Acquired by Nantahala Capital Management LLC

Nantahala Capital Management LLC acquired a new position in shares of The Hain Celestial Group, Inc. (NASDAQ:HAIN) during the second quarter, HoldingsChannel reports. The fund acquired 8,528,789 shares of the company’s stock, valued at approximately $4,777,828. Nantahala Capital Management LLC owned about 0.09% of The Hain Celestial Group as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Coldstream Capital Management Inc. bought a new stake in The Hain Celestial Group in the third quarter valued at about $29,000. Thrivent Financial for Lutherans increased its position in shares of The Hain Celestial Group by 104.8% in the second quarter. Thrivent Financial for Lutherans now owns 21,500 shares of the company’s stock valued at $32,000 after acquiring an additional 11,000 shares during the last quarter. Mariner LLC grew its stake in shares of The Hain Celestial Group by 98.0% in the fourth quarter. Mariner LLC now owns 30,098 shares of the company’s stock valued at $32,000 after buying an additional 14,895 shares in the last quarter. Stifel Financial Corp acquired a new stake in The Hain Celestial Group in the 4th quarter valued at about $36,000. Finally, Amundi acquired a new stake in shares of The Hain Celestial Group in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. 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. Weiss Ratings raised The Hain Celestial Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group reduced their price objective on The Hain Celestial Group from $1.03 to $0.81 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Six investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $1.06.

The Hain Celestial Group Stock Performance

NASDAQ:HAIN opened at $0.73 on Friday. The Hain Celestial Group, Inc. has a 52 week low of $0.48 and a 52 week high of $2.17. The firm’s fifty day moving average is $0.59 and its 200-day moving average is $0.70. The firm has a market cap of $66.05 million, a P/E ratio of -0.13 and a beta of 0.72.

About The Hain Celestial Group

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.