London Co Of Virginia buys $298.7 Million stake in Hasbro (HAS)

Hasbro (HAS) : London Co Of Virginia scooped up 326,450 additional shares in Hasbro during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,509,858 shares of Hasbro which is valued at $298.7 Million.Hasbro makes up approximately 2.46% of London Co Of Virginia’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments reduced its stake in HAS by selling 2,051 shares or 21.4% in the most recent quarter. The Hedge Fund company now holds 7,532 shares of HAS which is valued at $641,049. Hasbro makes up approx 0.03% of Pinebridge Investments’s portfolio.Edmond De Rothschild Holding S.a. reduced its stake in HAS by selling 343 shares or 3.26% in the most recent quarter. The Hedge Fund company now holds 10,191 shares of HAS which is valued at $867,356. Hasbro makes up approx 0.03% of Edmond De Rothschild Holding S.a.’s portfolio.Norinchukin Bank The boosted its stake in HAS in the latest quarter, The investment management firm added 523 additional shares and now holds a total of 5,764 shares of Hasbro which is valued at $490,574. Hasbro makes up approx 0.01% of Norinchukin Bank The’s portfolio.Penserra Capital Management boosted its stake in HAS in the latest quarter, The investment management firm added 537 additional shares and now holds a total of 1,077 shares of Hasbro which is valued at $91,663. Hasbro makes up approx 0.01% of Penserra Capital Management’s portfolio. Waratah Capital Advisors Ltd. sold out all of its stake in HAS during the most recent quarter. The investment firm sold 7,399 shares of HAS which is valued $629,581.

Hasbro opened for trading at $86.5 and hit $87.12 on the upside on Wednesday, eventually ending the session at $86.76, with a gain of 0.05% or 0.04 points. The heightened volatility saw the trading volume jump to 7,53,580 shares. Company has a market cap of $10,819 M.

On the company’s financial health, Hasbro reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Apr 18, 2016. Analyst had a consensus of $0.24. The company had revenue of $831.20 million for the quarter, compared to analysts expectations of $779.23 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Investors should note that on May 19, 2016, Hasbro announced a cash dividend of $0.5100. The company’s management has announced Jul 28, 2016 as the ex-dividend date and fixed the record date on Aug 1, 2016. The payable date has been fixed on Aug 15, 2016.

Many Wall Street Analysts have commented on Hasbro. Piper Jaffray Downgraded Hasbro on May 10, 2016 to ” Neutral”, Price Target of the shares are set at $88.Company shares were Reiterated by Monness Crespi & Hardt on Apr 19, 2016 to “Buy”, Firm has raised the Price Target to $ 93 from a previous price target of $84 .JP Morgan Initiated Hasbro on Apr 7, 2016 to “Neutral”, Price Target of the shares are set at $81.

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 Company’s 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.

Leave a Reply

Hasbro - Is it time to Sell?

Top Brokerage Firms are advising their investors on Hasbro. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.