Lafayette Investments Lowers stake in Hasbro (HAS)

Hasbro (HAS) : Lafayette Investments reduced its stake in Hasbro by 1.64% during the most recent quarter end. The investment management company now holds a total of 82,901 shares of Hasbro which is valued at $7,228,967 after selling 1,381 shares in Hasbro , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Hasbro makes up approximately 2.85% of Lafayette Investments’s portfolio.

Other Hedge Funds, Including , Lazard Asset Management boosted its stake in HAS in the latest quarter, The investment management firm added 67,007 additional shares and now holds a total of 67,707 shares of Hasbro which is valued at $5,904,050. Hasbro makes up approx 0.01% of Lazard Asset Management’s portfolio.Mandatum Life Insurance Co Ltd boosted its stake in HAS in the latest quarter, The investment management firm added 737 additional shares and now holds a total of 5,674 shares of Hasbro which is valued at $476,049. Hasbro makes up approx 0.06% of Mandatum Life Insurance Co Ltd’s portfolio.Grantham Mayo Van Otterloo reduced its stake in HAS by selling 208,227 shares or 80.02% in the most recent quarter. The Hedge Fund company now holds 51,981 shares of HAS which is valued at $4,361,206. Hasbro makes up approx 0.02% of Grantham Mayo Van Otterloo’s portfolio.Rothschild Asset Management Inc boosted its stake in HAS in the latest quarter, The investment management firm added 1,973 additional shares and now holds a total of 7,076 shares of Hasbro which is valued at $590,209. Hasbro makes up approx 0.01% of Rothschild Asset Management Inc’s portfolio. Morgan Dempsey Capital Management sold out all of its stake in HAS during the most recent quarter. The investment firm sold 23,603 shares of HAS which is valued $1,965,422.

Hasbro closed down -1.67 points or -1.94% at $84.28 with 7,32,450 shares getting traded on Monday. Post opening the session at $86.13, the shares hit an intraday low of $84.25 and an intraday high of $86.1801 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Hasbro reported $2.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Oct 17, 2016. Analyst had a consensus of $1.74. The company had revenue of $1679.80 million for the quarter, compared to analysts expectations of $1552.71 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.58 EPS.

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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