Cypress Funds buys $21.1 Million stake in HRG Group Inc (HRG)

HRG Group Inc (HRG) : Cypress Funds scooped up 42,800 additional shares in HRG Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,520,000 shares of HRG Group Inc which is valued at $21.1 Million.HRG Group Inc makes up approximately 6.07% of Cypress Funds’s portfolio.

Other Hedge Funds, Including , Covey Capital Advisors boosted its stake in HRG in the latest quarter, The investment management firm added 4,940 additional shares and now holds a total of 246,442 shares of HRG Group Inc which is valued at $3.4 Million. HRG Group Inc makes up approx 1.81% of Covey Capital Advisors’s portfolio. Tfs Capital sold out all of its stake in HRG during the most recent quarter. The investment firm sold 54,391 shares of HRG which is valued $753,859.Blackrock Investment Management boosted its stake in HRG in the latest quarter, The investment management firm added 8,707 additional shares and now holds a total of 286,941 shares of HRG Group Inc which is valued at $4 Million. HRG Group Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio.Norges Bank reduced its stake in HRG by selling 25,000 shares or 3.32% in the most recent quarter. The Hedge Fund company now holds 728,185 shares of HRG which is valued at $10.1 Million. HRG Group Inc makes up approx 0.01% of Norges Bank’s portfolio.

HRG Group Inc opened for trading at $13.82 and hit $13.95 on the upside on Friday, eventually ending the session at $13.82, with a gain of 0.51% or 0.07 points. The heightened volatility saw the trading volume jump to 5,57,976 shares. Company has a market cap of $2,773,591 M.

HRG Group Inc. formerly Harbinger Group Inc. is a holding company. The Company’s operations are conducted through Fidelity & Guaranty Life (FGL) that offers life insurance and annuity products; Front Street Re (Delaware) Ltd. (Front Street) which offers reinsurance; Salus Capital Partners LLC (Salus) Five Island Asset Management LLC (FIAM) which holds interests in FIAM Capital Management LLC (Five Island) Energy & Infrastructure Capital (EIC) and CorAmerica Capital LLC (CorAmerica) offer financing and asset management Spectrum Brands Holdings Inc. (Spectrum Brands) which provides consumer products such as batteries small appliances pet supplies home and garden control products personal care products and hardware and home improvement products. It also holds oil and natural gas properties through Compass Production GP LLC and Compass Production Partners LP. The Company operates through four segments: Consumer Products Insurance Energy and Asset Management.

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