Bessemer Group Inc. Takes Position in HRG Group, Inc. (HRG)
Bessemer Group Inc. bought a new stake in HRG Group, Inc. (NYSE:HRG) during the second quarter, Holdings Channel reports. The institutional investor bought 55,900 shares of the company’s stock, valued at approximately $990,000.
A number of other large investors have also bought and sold shares of the company. Breton Hill Capital Ltd. increased its stake in HRG Group by 42.1% in the second quarter. Breton Hill Capital Ltd. now owns 36,968 shares of the company’s stock valued at $655,000 after buying an additional 10,945 shares in the last quarter. Russell Investments Group Ltd. increased 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 valued at $5,958,000 after buying an additional 313,404 shares in the last quarter. Acadian Asset Management LLC increased 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 valued at $23,246,000 after buying an additional 751,661 shares in the last quarter. Cypress Funds LLC increased 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 valued at $19,481,000 after buying an additional 50,000 shares in the last quarter. Finally, Silver Capital Management LLC acquired a new stake in HRG Group during the second quarter valued at approximately $412,000. Institutional investors and hedge funds own 94.36% of the company’s stock.
Shares of HRG Group, Inc. (NYSE HRG) opened at 16.00 on Tuesday. HRG Group, Inc. has a 52-week low of $14.07 and a 52-week high of $20.17. The firm has a market capitalization of $3.21 billion, a P/E ratio of 25.93 and a beta of 1.29. The company’s 50-day moving average is $17.08 and its 200 day moving average is $18.21.
HRG Group (NYSE:HRG) last issued its quarterly 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 business had revenue of $1.30 billion for the quarter. Analysts expect that HRG Group, Inc. will post $0.78 EPS for the current fiscal year.
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Separately, BidaskClub downgraded shares of HRG Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd.
About HRG Group
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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