Virtu Financial LLC Buys Shares of 66,650 Hasbro, Inc. (HAS)

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.

HAS opened at $96.93 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.95 and a current ratio of 2.41. Hasbro, Inc. has a twelve month low of $79.00 and a twelve month high of $109.60. The stock has a market capitalization of $12.15 billion, a PE ratio of 17.75, a PEG ratio of 1.94 and a beta of 0.96.

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.

ILLEGAL ACTIVITY WARNING: “Virtu Financial LLC Buys Shares of 66,650 Hasbro, Inc. (HAS)” was published by WKRB News and is the property of of WKRB News. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://www.wkrb13.com/2018/11/26/virtu-financial-llc-buys-shares-of-66650-hasbro-inc-has.html.

About Hasbro

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.

See Also: What are different types of coverage ratios?

Want to see what other hedge funds are holding HAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hasbro, Inc. (NASDAQ:HAS).

Institutional Ownership by Quarter for Hasbro (NASDAQ:HAS)

Receive News & Ratings for Hasbro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hasbro and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply