JPMorgan Chase & Co. cut its position in HRG Group, Inc. (NYSE:HRG) by 53.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,627 shares of the company’s stock after selling 89,551 shares during the quarter. JPMorgan Chase & Co.’s holdings in HRG Group were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HRG. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of HRG Group by 9.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,116 shares of the company’s stock worth $108,000 after acquiring an additional 503 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of HRG Group by 154.2% during the 2nd quarter. SG Americas Securities LLC now owns 16,155 shares of the company’s stock worth $286,000 after acquiring an additional 9,801 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of HRG Group by 4.1% in the 2nd quarter. Pacer Advisors Inc. now owns 23,022 shares of the company’s stock valued at $408,000 after purchasing an additional 907 shares during the last quarter. Silver Capital Management LLC purchased a new stake in shares of HRG Group in the 2nd quarter valued at about $412,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of HRG Group by 4.3% in the 2nd quarter. Principal Financial Group Inc. now owns 26,557 shares of the company’s stock valued at $470,000 after purchasing an additional 1,088 shares during the last quarter. 95.51% of the stock is owned by hedge funds and other institutional investors.
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Shares of HRG Group, Inc. (NYSE HRG) opened at 15.99 on Friday. The company has a 50 day moving average price of $15.47 and a 200-day moving average price of $17.17. The firm has a market cap of $3.20 billion, a PE ratio of 25.92 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.
HRG Group (NYSE:HRG) last released its earnings results on Friday, August 4th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $1.30 billion during the quarter. HRG Group had a net margin of 2.49% and a negative return on equity of 5.34%. Analysts expect that HRG Group, Inc. will post $0.78 EPS for the current year.
Separately, BidaskClub cut HRG Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
About HRG Group
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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