State Street Corp raised its position in HRG Group, Inc. (NYSE:HRG) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,422,319 shares of the company’s stock after acquiring an additional 159,172 shares during the quarter. State Street Corp owned approximately 1.21% of HRG Group worth $42,903,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HRG. Vanguard Group Inc. boosted its stake in shares of HRG Group by 13.8% in the 2nd quarter. Vanguard Group Inc. now owns 12,943,044 shares of the company’s stock valued at $229,221,000 after buying an additional 1,566,284 shares during the period. Mason Capital Management LLC purchased a new position in shares of HRG Group in the 2nd quarter valued at about $18,596,000. Acadian Asset Management LLC lifted its stake in HRG Group by 134.0% during the second quarter. Acadian Asset Management LLC now owns 1,312,552 shares of the company’s stock worth $23,246,000 after purchasing an additional 751,661 shares during the last quarter. Wells Fargo & Company MN lifted its stake in HRG Group by 42.6% during the second quarter. Wells Fargo & Company MN now owns 1,849,318 shares of the company’s stock worth $32,751,000 after purchasing an additional 552,135 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its stake in HRG Group by 34.3% during the second quarter. Neuberger Berman Group LLC now owns 2,065,003 shares of the company’s stock worth $36,571,000 after purchasing an additional 527,716 shares during the last quarter. 95.08% of the stock is owned by institutional investors.
Separately, BidaskClub cut HRG Group from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.
HRG Group, Inc. (HRG) traded down $0.23 during mid-day trading on Wednesday, reaching $14.85. The company had a trading volume of 1,448,900 shares, compared to its average volume of 1,196,595. HRG Group, Inc. has a 12-month low of $14.07 and a 12-month high of $20.17. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.88 and a quick ratio of 0.98.
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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