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.

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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.

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