Caldwell Orkin Inc buys $5,550,023 stake in Hasbro (HAS)

Hasbro (HAS) : Caldwell Orkin Inc scooped up 26,310 additional shares in Hasbro during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 65,210 shares of Hasbro which is valued at $5,550,023.Hasbro makes up approximately 3.30% of Caldwell Orkin Inc’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in HAS in the latest quarter, The investment management firm added 182 additional shares and now holds a total of 14,223 shares of Hasbro which is valued at $1,210,520. Hasbro makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Winton Capital Group Ltd reduced its stake in HAS by selling 32,578 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 857,655 shares of HAS which is valued at $72,977,864. Hasbro makes up approx 0.81% of Winton Capital Group Ltd’s portfolio.Burney Co reduced its stake in HAS by selling 2,591 shares or 6.07% in the most recent quarter. The Hedge Fund company now holds 40,108 shares of HAS which is valued at $3,412,790. Hasbro makes up approx 0.25% of Burney Co’s portfolio. Whittier Trust Co sold out all of its stake in HAS during the most recent quarter. The investment firm sold 70 shares of HAS which is valued $5,925. Newsquare Capital added HAS to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $16,928.

Hasbro closed down -0.19 points or -0.22% at $85.11 with 8,61,786 shares getting traded on Friday. Post opening the session at $85.24, the shares hit an intraday low of $84.96 and an intraday high of $85.71 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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.

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