GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in HRG Group (NYSE:HRG) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 365,216 shares of the company’s stock, valued at approximately $6,022,000. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.18% of HRG Group at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HRG. Nisa Investment Advisors LLC raised its position in shares of HRG Group by 71.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 20,100 shares of the company’s stock worth $341,000 after acquiring an additional 8,400 shares in the last quarter. First Manhattan Co. raised its position in shares of HRG Group by 2.7% during the 4th quarter. First Manhattan Co. now owns 4,980,258 shares of the company’s stock worth $84,415,000 after acquiring an additional 129,242 shares in the last quarter. Omni Partners LLP acquired a new stake in shares of HRG Group during the 4th quarter worth about $3,877,000. Mizuho Securities USA LLC acquired a new stake in shares of HRG Group during the 4th quarter worth about $178,000. Finally, FNY Partners Fund LP raised its position in shares of HRG Group by 785.8% during the 4th quarter. FNY Partners Fund LP now owns 53,150 shares of the company’s stock worth $900,000 after acquiring an additional 47,150 shares in the last quarter. 93.37% of the stock is currently owned by institutional investors.
HRG has been the topic of several research analyst reports. ValuEngine lowered HRG Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. TheStreet lowered HRG Group from a “c” rating to a “d” rating in a research report on Tuesday, May 22nd.
HRG Group traded down $0.27, reaching $12.77, during mid-day trading on Wednesday, Marketbeat.com reports. 1,342,100 shares of the stock were exchanged, compared to its average volume of 2,487,278. The company has a debt-to-equity ratio of 3.91, a quick ratio of 2.61 and a current ratio of 3.11. HRG Group has a 1 year low of $9.42 and a 1 year high of $19.19.
HRG Group (NYSE:HRG) last released its quarterly earnings results on Friday, May 4th. The company reported ($0.18) earnings per share (EPS) for the quarter. HRG Group had a negative return on equity of 7.35% and a net margin of 11.05%. The firm had revenue of $766.10 million for the quarter.
HRG Group Profile
HRG Group, Inc, through its subsidiaries, provides various branded consumer products. It operates through two segments, Consumer Products; and Corporate and Other. Its product portfolio includes consumer batteries, such as alkaline and zinc carbon batteries, nickel metal hydride rechargeable batteries, battery chargers, battery-powered portable lighting products, hearing aid batteries, and other specialty battery products; small appliances comprising small kitchen appliances and home product appliances; and personal care products, such as electric shaving and grooming products, hair care appliances, and accessories.
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