Hasbro (HAS) : Trexquant Investment Lp added new position in Hasbro during the most recent quarter end. The investment management firm now holds 52,900 shares of Hasbro which is valued at $4,360,018 , the company said in a statement filed on Aug 10, 2016 with the SEC.Hasbro makes up approximately 0.54% of Trexquant Investment Lp’s portfolio.
Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in HAS by selling 2,316 shares or 5.98% in the most recent quarter. The Hedge Fund company now holds 36,413 shares of HAS which is valued at $3,001,159. Hasbro makes up approx 0.04% of Texas Permanent School Fund’s portfolio.Investors Capital Advisory Services boosted its stake in HAS in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 6,056 shares of Hasbro which is valued at $489,385. Hasbro makes up approx 0.09% of Investors Capital Advisory Services’s portfolio. Shelton Capital Management sold out all of its stake in HAS during the most recent quarter. The investment firm sold 5,150 shares of HAS which is valued $416,172.Kornitzer Capital Management Inc Ks reduced its stake in HAS by selling 100 shares or 2.73% in the most recent quarter. The Hedge Fund company now holds 3,565 shares of HAS which is valued at $289,585. Hasbro makes up approx 0.01% of Kornitzer Capital Management Inc Ks’s portfolio.Louisiana State Employees Retirement System reduced its stake in HAS by selling 100 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 7,400 shares of HAS which is valued at $599,104. Hasbro makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.
Hasbro opened for trading at $80.32 and hit $80.82 on the upside on Friday, eventually ending the session at $80.69, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 6,16,549 shares. Company has a market cap of $10,119 M.
On the company’s financial health, Hasbro reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 18, 2016. Analyst had a consensus of $0.39. The company had revenue of $878.90 million for the quarter, compared to analysts expectations of $859.30 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Investors should note that on Jul 28, 2016, Hasbro announced a cash dividend of $0.5100. The company’s management has announced Oct 28, 2016 as the ex-dividend date and fixed the record date on Nov 1, 2016. The payable date has been fixed on Nov 15, 2016.
Many Wall Street Analysts have commented on Hasbro. Hasbro was Upgraded by Piper Jaffray to ” Overweight” on Jul 19, 2016.
Hasbro Inc. (Hasbro) through its wholly owned Hasbro Studios LLC (Hasbro Studios) creates entertainment brand storytelling across mediums including television film and among others. Its brand blueprint involves re-imagining re-inventing and re-igniting its owned and controlled brands and imagining inventing and igniting new brands through toy and game innovation immersive entertainment offerings including television programming and motion pictures and a range of products ranging from traditional to digital. The Company markets its brands under product categories which include boys games girls and preschool toys. The Companys business operations include United States Canada International Entertainment and Licensing. Its global operations include arranging product manufacturing and sourcing for the United States and Canada and International operations. Its brands include LITTLEST PET SHOP MONOPOLY MY LITTLE PONY NERF PLAY-DOH and TRANSFORMERS.