Anchor Capital Advisors Lowers stake in Hasbro (HAS)

Hasbro (HAS) : Anchor Capital Advisors reduced its stake in Hasbro by 3.71% during the most recent quarter end. The investment management company now holds a total of 909,952 shares of Hasbro which is valued at $73,533,221 after selling 35,040 shares in Hasbro , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Hasbro makes up approximately 1.89% of Anchor Capital Advisors’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in HAS in the latest quarter, The investment management firm added 1,768 additional shares and now holds a total of 17,800 shares of Hasbro which is valued at $1,438,418. Hasbro makes up approx 0.02% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Chicago Equity Partners boosted its stake in HAS in the latest quarter, The investment management firm added 240 additional shares and now holds a total of 4,280 shares of Hasbro which is valued at $347,664. Hasbro makes up approx 0.01% of Chicago Equity Partners’s portfolio.Strs Ohio boosted its stake in HAS in the latest quarter, The investment management firm added 3,206 additional shares and now holds a total of 11,123 shares of Hasbro which is valued at $900,518.Hartford Investment Management Co reduced its stake in HAS by selling 523 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 26,793 shares of HAS which is valued at $2,154,157. Hasbro makes up approx 0.04% of Hartford Investment Management Co’s portfolio.

Hasbro closed down -0.24 points or -0.30% at $80.57 with 6,95,108 shares getting traded on Thursday. Post opening the session at $80.57, the shares hit an intraday low of $80.46 and an intraday high of $81.331 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

Many Wall Street Analysts have commented on Hasbro. Hasbro was Upgraded by Piper Jaffray to ” Overweight” on Jul 19, 2016. Piper Jaffray Downgraded Hasbro on May 10, 2016 to ” Neutral”, Price Target of the shares are set at $88.

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.

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