JPMorgan Chase & Co. lowered its position in HRG Group Inc (NYSE:HRG) by 38.8% in the third quarter, HoldingsChannel.com reports. The firm owned 48,157 shares of the company’s stock after selling 30,470 shares during the period. JPMorgan Chase & Co.’s holdings in HRG Group were worth $747,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of HRG Group by 98.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,165,394 shares of the company’s stock valued at $38,349,000 after purchasing an additional 1,074,404 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of HRG Group in the third quarter valued at about $2,112,000. Goldman Sachs Group Inc. grew its holdings in shares of HRG Group by 186.7% in the second quarter. Goldman Sachs Group Inc. now owns 393,674 shares of the company’s stock valued at $6,972,000 after purchasing an additional 256,348 shares during the period. Vanguard Group Inc. grew its holdings in shares of HRG Group by 13.8% in the second quarter. Vanguard Group Inc. now owns 12,943,044 shares of the company’s stock valued at $229,221,000 after purchasing an additional 1,566,284 shares during the period. Finally, Alpine Global Management LLC grew its holdings in shares of HRG Group by 16.7% in the second quarter. Alpine Global Management LLC now owns 175,000 shares of the company’s stock valued at $3,099,000 after purchasing an additional 25,000 shares during the period. 95.41% of the stock is owned by hedge funds and other institutional investors.

Shares of HRG Group Inc (HRG) opened at $18.24 on Monday. HRG Group Inc has a 1-year low of $14.22 and a 1-year high of $20.17. The stock has a market cap of $3,659.40, a PE ratio of 34.42 and a beta of 1.38.

HRG Group (NYSE:HRG) last announced its earnings results on Monday, November 20th. The company reported $0.05 earnings per share for the quarter. HRG Group had a net margin of 2.11% and a negative return on equity of 2.05%.

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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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Institutional Ownership by Quarter for HRG Group (NYSE:HRG)

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