Rhumbline Advisers increased its holdings in HRG Group, Inc. (NYSE:HRG) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 139,232 shares of the company’s stock after acquiring an additional 591 shares during the quarter. Rhumbline Advisers owned approximately 0.07% of HRG Group worth $2,466,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in HRG. Acadian Asset Management LLC lifted its stake in HRG Group by 134.0% in the second quarter. Acadian Asset Management LLC now owns 1,312,552 shares of the company’s stock worth $23,246,000 after acquiring an additional 751,661 shares during the period. Russell Investments Group Ltd. lifted its stake in HRG Group by 1,359.0% in the second quarter. Russell Investments Group Ltd. now owns 336,465 shares of the company’s stock worth $5,958,000 after acquiring an additional 313,404 shares during the period. Bessemer Group Inc. purchased a new stake in HRG Group in the second quarter worth about $990,000. Cypress Funds LLC lifted its stake in HRG Group by 4.8% in the second quarter. Cypress Funds LLC now owns 1,100,000 shares of the company’s stock worth $19,481,000 after acquiring an additional 50,000 shares during the period. Finally, First Trust Advisors LP lifted its stake in HRG Group by 29.5% in the second quarter. First Trust Advisors LP now owns 141,464 shares of the company’s stock worth $2,505,000 after acquiring an additional 32,243 shares during the period. 94.35% of the stock is owned by institutional investors.
Shares of HRG Group, Inc. (NYSE:HRG) opened at 15.38 on Wednesday. The company has a 50-day moving average of $15.94 and a 200-day moving average of $17.94. HRG Group, Inc. has a 1-year low of $14.07 and a 1-year high of $20.17. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 24.93 and a beta of 1.33.
HRG Group (NYSE:HRG) last announced its earnings results on Friday, August 4th. The company reported ($0.01) EPS for the quarter. HRG Group had a net margin of 2.49% and a negative return on equity of 5.34%. The firm had revenue of $1.30 billion for the quarter. On average, equities research analysts expect that HRG Group, Inc. will post $0.78 EPS for the current fiscal year.
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Separately, BidaskClub lowered shares of HRG Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.
HRG Group Profile
HRG Group, Inc is a holding company. The Company operates through two segments: Consumer Products and Insurance. The Consumer Products segment consists of the Company’s subsidiary, Spectrum Brands Holdings, Inc (Spectrum Brands). The Insurance segment includes its subsidiary, Front Street Re (Delaware) Ltd.
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