HRG Group, Inc. (HRG) Trading Up 8.5%
HRG Group, Inc. (NYSE:HRG) was up 8.5% during mid-day trading on Thursday . The stock traded as high as $16.03 and last traded at $15.47. Approximately 4,555,191 shares were traded during mid-day trading, an increase of 275% from the average daily volume of 1,214,280 shares. The stock had previously closed at $14.26.
Separately, BidaskClub lowered HRG Group from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.
The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.98 and a current ratio of 1.88.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 acquiring an additional 1,566,284 shares during the period. BlackRock Inc. grew its stake in HRG Group by 2.0% during the 2nd quarter. BlackRock Inc. now owns 7,773,400 shares of the company’s stock worth $137,666,000 after buying an additional 148,782 shares during the last quarter. Empyrean Capital Partners LP grew its stake in HRG Group by 161.1% during the 2nd quarter. Empyrean Capital Partners LP now owns 6,608,275 shares of the company’s stock worth $117,033,000 after buying an additional 4,077,347 shares during the last quarter. First Manhattan Co. lifted its position in HRG Group by 8.9% during the 3rd quarter. First Manhattan Co. now owns 4,851,016 shares of the company’s stock worth $75,724,000 after acquiring an additional 397,745 shares during the period. Finally, Fairview Capital Investment Management LLC lifted its position in HRG Group by 7.2% during the 2nd quarter. Fairview Capital Investment Management LLC now owns 3,792,435 shares of the company’s stock worth $67,164,000 after acquiring an additional 255,207 shares during the period. Institutional investors and hedge funds own 95.08% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “HRG Group, Inc. (HRG) Trading Up 8.5%” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/11/16/hrg-group-inc-hrg-trading-up-8-5-2.html.
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.
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 MarketBeat.com's FREE daily email newsletter.