Voloridge Investment Management LLC Boosts Position in Hasbro Inc. (HAS)
Voloridge Investment Management LLC raised its position in shares of Hasbro Inc. (NASDAQ:HAS) by 1,068.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,173 shares of the company’s stock after buying an additional 119,942 shares during the period. Voloridge Investment Management LLC owned approximately 0.10% of Hasbro worth $11,017,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Conning Inc. increased its stake in shares of Hasbro by 0.4% in the second quarter. Conning Inc. now owns 2,670 shares of the company’s stock worth $224,000 after buying an additional 10 shares in the last quarter. WFG Advisors LP increased its stake in shares of Hasbro by 0.4% in the second quarter. WFG Advisors LP now owns 2,543 shares of the company’s stock worth $214,000 after buying an additional 11 shares in the last quarter. IFC Holdings Incorporated FL increased its stake in shares of Hasbro by 0.4% in the second quarter. IFC Holdings Incorporated FL now owns 2,783 shares of the company’s stock worth $231,000 after buying an additional 12 shares in the last quarter. Albert D Mason Inc. increased its stake in shares of Hasbro by 0.7% in the second quarter. Albert D Mason Inc. now owns 2,867 shares of the company’s stock worth $241,000 after buying an additional 20 shares in the last quarter. Finally, Pitcairn Co. increased its stake in shares of Hasbro by 1.1% in the second quarter. Pitcairn Co. now owns 3,373 shares of the company’s stock worth $283,000 after buying an additional 37 shares in the last quarter. Institutional investors own 76.77% of the company’s stock.
Hasbro Inc. (NASDAQ:HAS) traded up 0.82% during trading on Friday, hitting $84.59. 997,820 shares of the company traded hands. The firm has a market capitalization of $10.56 billion, a P/E ratio of 20.10 and a beta of 0.85. The stock has a 50-day moving average price of $81.11 and a 200-day moving average price of $82.68. Hasbro Inc. has a 12-month low of $64.91 and a 12-month high of $88.53.
Hasbro (NASDAQ:HAS) last issued its quarterly earnings results on Monday, October 17th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.29. Hasbro had a return on equity of 32.27% and a net margin of 11.01%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. Equities analysts expect that Hasbro Inc. will post $4.13 EPS for the current fiscal year.
Several analysts have commented on HAS shares. Piper Jaffray Cos. upgraded shares of Hasbro from a “neutral” rating to an “overweight” rating and set a $88.00 target price on the stock in a report on Tuesday, July 19th. They noted that the move was a valuation call. Barclays PLC dropped their target price on shares of Hasbro from $91.00 to $89.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 19th. Vetr downgraded shares of Hasbro from a “buy” rating to a “hold” rating and set a $85.90 target price on the stock. in a report on Friday, August 12th. Zacks Investment Research upgraded shares of Hasbro from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, September 19th. Finally, Jefferies Group restated a “hold” rating and set a $82.00 target price on shares of Hasbro in a report on Thursday, October 13th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Hasbro has a consensus rating of “Hold” and an average target price of $86.90.
Hasbro, Inc (Hasbro) is a branded-play company. The Company’s operating segments include the U.S. and Canada segment, the International segment, the Entertainment and Licensing segment, and Global Operations segment. The U.S. and Canada segment is engaged in the marketing and sale of its products in the United States.
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