Virtu Financial LLC bought a new stake in shares of Hasbro, Inc. (NASDAQ:HAS) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 66,650 shares of the company’s stock, valued at approximately $6,557,000.
Other large investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its stake in Hasbro by 75.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 136,759 shares of the company’s stock valued at $12,624,000 after purchasing an additional 58,710 shares during the last quarter. Campbell Newman Asset Management Inc. raised its stake in Hasbro by 25.6% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 177,846 shares of the company’s stock valued at $18,695,000 after purchasing an additional 36,262 shares during the last quarter. Dividend Assets Capital LLC acquired a new position in Hasbro during the 2nd quarter valued at $2,578,000. FMR LLC raised its stake in Hasbro by 50.9% during the 2nd quarter. FMR LLC now owns 71,531 shares of the company’s stock valued at $6,603,000 after purchasing an additional 24,135 shares during the last quarter. Finally, Neuburgh Advisers LLC raised its stake in Hasbro by 86.3% during the 2nd quarter. Neuburgh Advisers LLC now owns 20,842 shares of the company’s stock valued at $1,924,000 after purchasing an additional 9,656 shares during the last quarter. Hedge funds and other institutional investors own 82.31% of the company’s stock.
In other Hasbro news, EVP Wiebe Tinga sold 6,000 shares of the stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $99.80, for a total transaction of $598,800.00. Following the sale, the executive vice president now owns 44,559 shares of the company’s stock, valued at approximately $4,446,988.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan G. Hassenfeld sold 5,350 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $97.41, for a total transaction of $521,143.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 451,533 shares of company stock worth $44,159,580. 9.90% of the stock is owned by insiders.
Hasbro (NASDAQ:HAS) last posted its earnings results on Monday, October 22nd. The company reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.23 by ($0.30). Hasbro had a return on equity of 34.61% and a net margin of 4.31%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the company posted $2.09 EPS. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. Analysts expect that Hasbro, Inc. will post 4.25 earnings per share for the current year.
HAS has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Hasbro from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Barclays dropped their price objective on shares of Hasbro from $117.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, October 23rd. MKM Partners dropped their price objective on shares of Hasbro to $110.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. BidaskClub upgraded shares of Hasbro from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Finally, SunTrust Banks dropped their price objective on shares of Hasbro to $96.00 and set a “hold” rating for the company in a research note on Tuesday, October 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Hasbro has an average rating of “Hold” and an average price target of $105.33.
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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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