Highbridge Capital Management LLC Buys New Position in Hillenbrand Inc (HI)
Highbridge Capital Management LLC acquired a new position in shares of Hillenbrand Inc (NYSE:HI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,841 shares of the company’s stock, valued at approximately $317,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp increased its position in Hillenbrand by 5.9% in the first quarter. State Street Corp now owns 1,451,269 shares of the company’s stock worth $52,022,000 after buying an additional 80,769 shares during the period. Bank of America Corp DE increased its position in Hillenbrand by 58.9% in the first quarter. Bank of America Corp DE now owns 151,222 shares of the company’s stock worth $5,422,000 after buying an additional 56,083 shares during the period. Schwab Charles Investment Management Inc. increased its position in Hillenbrand by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 510,155 shares of the company’s stock worth $18,290,000 after buying an additional 28,972 shares during the period. KCG Holdings Inc. bought a new position in Hillenbrand during the first quarter worth approximately $369,000. Finally, BlackRock Inc. increased its position in Hillenbrand by 157,614.4% in the first quarter. BlackRock Inc. now owns 7,772,165 shares of the company’s stock worth $278,631,000 after buying an additional 7,767,237 shares during the period. 78.95% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Hillenbrand Inc (NYSE HI) traded up 1.94% on Friday, reaching $36.80. 310,819 shares of the company’s stock traded hands. Hillenbrand Inc has a 52 week low of $28.60 and a 52 week high of $39.00. The stock has a market capitalization of $2.32 billion, a PE ratio of 19.07 and a beta of 1.24. The company has a 50 day moving average of $36.18 and a 200-day moving average of $36.46.
Hillenbrand (NYSE:HI) last issued its earnings results on Wednesday, August 2nd. The company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.03. The company had revenue of $395.90 million for the quarter, compared to analysts’ expectations of $388.57 million. Hillenbrand had a net margin of 7.85% and a return on equity of 20.27%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 earnings per share. Equities research analysts forecast that Hillenbrand Inc will post $2.06 earnings per share for the current year.
A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Hillenbrand from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. FBR & Co reaffirmed an “outperform” rating on shares of Hillenbrand in a research report on Tuesday, July 11th. Finally, Zacks Investment Research downgraded shares of Hillenbrand from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th.
In other Hillenbrand news, Director David Fennell bought 300,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were bought at an average cost of $0.10 per share, with a total value of $30,000.00. Insiders have acquired 807,000 shares of company stock worth $79,350 over the last three months. 1.74% of the stock is owned by corporate insiders.
Hillenbrand, Inc is a diversified industrial company with multiple brands that serve a range of industries across the globe. The Company operates in two segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service engineered industrial equipment throughout the world.
Receive News & Stock Ratings for Hillenbrand Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hillenbrand Inc and related stocks with our FREE daily email newsletter.