HRG Group, Inc. (HRG) Stake Maintained by Leucadia National Corp
Leucadia National Corp maintained its position in HRG Group, Inc. (NYSE:HRG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 46,600,000 shares of the company’s stock at the end of the second quarter. HRG Group accounts for approximately 71.2% of Leucadia National Corp’s holdings, making the stock its largest position. Leucadia National Corp owned approximately 23.24% of HRG Group worth $825,286,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of HRG. Breton Hill Capital Ltd. increased its position in HRG Group by 42.1% in the second quarter. Breton Hill Capital Ltd. now owns 36,968 shares of the company’s stock worth $655,000 after buying an additional 10,945 shares in the last quarter. Russell Investments Group Ltd. increased its position in HRG Group by 1,359.0% in the second quarter. Russell Investments Group Ltd. now owns 336,465 shares of the company’s stock worth $5,958,000 after buying an additional 313,404 shares in the last quarter. Acadian Asset Management LLC increased its position in HRG Group by 134.0% in the second quarter. Acadian Asset Management LLC now owns 1,312,552 shares of the company’s stock worth $23,246,000 after buying an additional 751,661 shares in the last quarter. Cypress Funds LLC increased its position in HRG Group by 4.8% in the second quarter. Cypress Funds LLC now owns 1,100,000 shares of the company’s stock worth $19,481,000 after buying an additional 50,000 shares in the last quarter. Finally, Silver Capital Management LLC bought a new position in HRG Group during the second quarter worth approximately $412,000. 94.35% of the stock is owned by institutional investors.
HRG Group, Inc. (NYSE:HRG) traded down 0.57% on Monday, hitting $15.59. 34,741 shares of the stock were exchanged. HRG Group, Inc. has a 52 week low of $14.07 and a 52 week high of $20.17. The company has a market cap of $3.12 billion, a PE ratio of 25.27 and a beta of 1.29. The company’s 50-day moving average is $16.56 and its 200-day moving average is $18.10.
HRG Group (NYSE:HRG) last posted its quarterly earnings data on Friday, August 4th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $1.30 billion for the quarter. HRG Group had a negative return on equity of 5.34% and a net margin of 2.49%. On average, analysts predict that HRG Group, Inc. will post $0.78 earnings per share for the current year.
Separately, BidaskClub downgraded shares of HRG Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd.
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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