Zebra Capital Management LLC Reduces Holdings in Hasbro, Inc. (HAS)
Zebra Capital Management LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 19.8% 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 8,668 shares of the company’s stock after selling 2,141 shares during the quarter. Zebra Capital Management LLC’s holdings in Hasbro were worth $800,000 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 HAS. Janus Henderson Group PLC boosted its stake in shares of Hasbro by 30.1% in the 2nd quarter. Janus Henderson Group PLC now owns 3,192,490 shares of the company’s stock valued at $294,698,000 after buying an additional 738,949 shares during the period. Unigestion Holding SA purchased a new stake in Hasbro during the second quarter worth approximately $48,926,000. Chilton Investment Co. LLC lifted its stake in Hasbro by 227.1% during the first quarter. Chilton Investment Co. LLC now owns 708,442 shares of the company’s stock worth $59,722,000 after purchasing an additional 491,832 shares during the last quarter. Millennium Management LLC lifted its stake in Hasbro by 224.3% during the first quarter. Millennium Management LLC now owns 679,364 shares of the company’s stock worth $57,270,000 after purchasing an additional 469,859 shares during the last quarter. Finally, Boston Partners lifted its stake in Hasbro by 23.5% during the second quarter. Boston Partners now owns 2,238,101 shares of the company’s stock worth $206,600,000 after purchasing an additional 426,060 shares during the last quarter. 80.08% of the stock is owned by institutional investors.
Shares of NASDAQ HAS opened at $105.59 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.69 and a quick ratio of 2.11. Hasbro, Inc. has a twelve month low of $79.00 and a twelve month high of $107.58. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.86 and a beta of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, October 31st. Hasbro’s dividend payout ratio is currently 46.15%.
In other Hasbro news, EVP Wiebe Tinga sold 20,674 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $101.24, for a total value of $2,093,035.76. Following the completion of the sale, the executive vice president now owns 67,943 shares in the company, valued at $6,878,549.32. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Tarrant L. Sibley sold 1,525 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $100.00, for a total value of $152,500.00. Following the completion of the sale, the senior vice president now owns 21,262 shares of the company’s stock, valued at approximately $2,126,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,645 shares of company stock valued at $10,796,944. 9.90% of the stock is owned by company insiders.
Several equities research analysts recently weighed in on HAS shares. MKM Partners upgraded Hasbro from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $92.00 to $115.00 in a research note on Wednesday, August 15th. BidaskClub upgraded Hasbro from a “hold” rating to a “buy” rating in a research note on Saturday. TheStreet upgraded Hasbro from a “c+” rating to a “b” rating in a research note on Monday, July 23rd. SunTrust Banks boosted their target price on Hasbro to $108.00 and gave the stock a “hold” rating in a research note on Tuesday, July 24th. Finally, Monness Crespi & Hardt cut Hasbro from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $107.59.
Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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