HRG Group, Inc. (HRG) Stake Raised by First Eagle Investment Management LLC
First Eagle Investment Management LLC raised its position in shares of HRG Group, Inc. (NYSE:HRG) by 535.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 222,500 shares of the company’s stock after acquiring an additional 187,500 shares during the period. First Eagle Investment Management LLC owned approximately 0.11% of HRG Group worth $3,473,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. grew its position in HRG Group by 610.3% during the third quarter. American Century Companies Inc. now owns 240,374 shares of the company’s stock valued at $3,752,000 after acquiring an additional 206,535 shares during the period. Gabelli Funds LLC boosted its position in shares of HRG Group by 8.8% in the third quarter. Gabelli Funds LLC now owns 99,000 shares of the company’s stock worth $1,545,000 after buying an additional 8,000 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of HRG Group in the third quarter worth about $2,112,000. First Manhattan Co. boosted its position in shares of HRG Group by 8.9% in the third quarter. First Manhattan Co. now owns 4,851,016 shares of the company’s stock worth $75,724,000 after buying an additional 397,745 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of HRG Group in the third quarter worth about $685,000. 95.08% of the stock is owned by hedge funds and other institutional investors.
Separately, BidaskClub downgraded HRG Group from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.
HRG Group, Inc. (NYSE HRG) traded down $0.23 during trading hours on Wednesday, hitting $14.85. The company had a trading volume of 1,448,900 shares, compared to its average volume of 1,196,595. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.98 and a current ratio of 1.88. HRG Group, Inc. has a fifty-two week low of $14.07 and a fifty-two week high of $20.17.
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HRG Group Company 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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