Newtyn Management LLC Has $59,329,000 Holdings in HRG Group, Inc. (HRG)
Newtyn Management LLC continued to hold its position in HRG Group, Inc. (NYSE:HRG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,350,000 shares of the company’s stock at the close of the 2nd quarter. HRG Group accounts for approximately 10.0% of Newtyn Management LLC’s portfolio, making the stock its 4th biggest holding. Newtyn Management LLC owned approximately 1.67% of HRG Group worth $59,329,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Partners Fund LP increased its stake in HRG Group by 954.5% in the second quarter. FNY Partners Fund LP now owns 6,000 shares of the company’s stock valued at $106,000 after purchasing an additional 5,431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of HRG Group by 9.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,116 shares of the company’s stock worth $108,000 after buying an additional 503 shares during the period. Seven Eight Capital LP boosted its stake in shares of HRG Group by 162.1% during the second quarter. Seven Eight Capital LP now owns 7,600 shares of the company’s stock worth $135,000 after buying an additional 4,700 shares during the period. Amalgamated Bank boosted its stake in shares of HRG Group by 5.1% during the second quarter. Amalgamated Bank now owns 15,284 shares of the company’s stock worth $271,000 after buying an additional 737 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in shares of HRG Group during the second quarter worth about $280,000. Institutional investors and hedge funds own 95.91% of the company’s stock.
HRG Group, Inc. (HRG) traded up 0.79% during mid-day trading on Wednesday, reaching $15.40. The company’s stock had a trading volume of 272,636 shares. The firm has a market capitalization of $3.09 billion, a PE ratio of 24.96 and a beta of 1.33. The stock’s 50-day moving average is $15.40 and its 200-day moving average is $17.56. HRG Group, Inc. has a 12 month low of $14.07 and a 12 month high of $20.17.
HRG Group (NYSE:HRG) last issued its earnings results on Friday, August 4th. The company reported ($0.01) earnings per share for the quarter. HRG Group had a negative return on equity of 5.34% and a net margin of 2.49%. The business had revenue of $1.30 billion for the quarter. On average, equities analysts anticipate that HRG Group, Inc. will post $0.78 EPS for the current year.
Separately, BidaskClub lowered HRG Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd.
ILLEGAL ACTIVITY WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/newtyn-management-llc-has-59329000-holdings-in-hrg-group-inc-hrg/1607995.html.
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.
Want to see what other hedge funds are holding HRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HRG Group, Inc. (NYSE:HRG).
Receive News & Ratings for HRG Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HRG Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.