HRG Group, Inc. (HRG) Position Boosted by K2 Principal Fund L.P.
K2 Principal Fund L.P. increased its position in shares of HRG Group, Inc. (NYSE:HRG) by 981.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,566 shares of the company’s stock after buying an additional 103,066 shares during the period. K2 Principal Fund L.P. owned 0.06% of HRG Group worth $2,011,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Partners Fund LP boosted its position in HRG Group by 954.5% during the second quarter. FNY Partners Fund LP now owns 6,000 shares of the company’s stock worth $106,000 after purchasing an additional 5,431 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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 purchasing an additional 503 shares during the period. Seven Eight Capital LP boosted its position in 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 purchasing an additional 4,700 shares during the period. Amalgamated Bank boosted its position in 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 purchasing an additional 737 shares during the period. Finally, SG Americas Securities LLC boosted its position in HRG Group by 154.2% during the second quarter. SG Americas Securities LLC now owns 16,155 shares of the company’s stock worth $286,000 after purchasing an additional 9,801 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.
HRG Group, Inc. (HRG) traded down 0.40% during trading on Friday, reaching $15.08. 64,049 shares of the company’s stock were exchanged. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 24.44 and a beta of 1.33. HRG Group, Inc. has a 12 month low of $14.07 and a 12 month high of $20.17. The firm’s 50-day moving average price is $15.65 and its 200-day moving average price is $17.80.
HRG Group (NYSE:HRG) last announced its earnings results on Friday, August 4th. The company reported ($0.01) earnings per share (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. On average, equities research analysts anticipate that HRG Group, Inc. will post $0.78 EPS for the current year.
Separately, BidaskClub cut shares of HRG Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
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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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