Lion Point Capital Lp Lowers stake in HRG Group Inc (HRG)

HRG Group Inc (HRG) : Lion Point Capital Lp reduced its stake in HRG Group Inc by 23.58% during the most recent quarter end. The investment management company now holds a total of 2,803,126 shares of HRG Group Inc which is valued at $41,794,609 after selling 864,729 shares in HRG Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.HRG Group Inc makes up approximately 14.33% of Lion Point Capital Lp’s portfolio.

Other Hedge Funds, Including , Harbinger Holdings reduced its stake in HRG by selling 1,500,000 shares or 30.0% in the most recent quarter. The Hedge Fund company now holds 3,500,000 shares of HRG which is valued at $52,185,000. HRG Group Inc makes up approx 100.00% of Harbinger Holdings’s portfolio. Tfs Capital sold out all of its stake in HRG during the most recent quarter. The investment firm sold 35,491 shares of HRG which is valued $508,231.Teachers Advisors boosted its stake in HRG in the latest quarter, The investment management firm added 1,864 additional shares and now holds a total of 185,428 shares of HRG Group Inc which is valued at $2,790,691. Strs Ohio added HRG to its portfolio by purchasing 2,200 company shares during the most recent quarter which is valued at $33,044.First Manhattan Co reduced its stake in HRG by selling 100,630 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 5,431,112 shares of HRG which is valued at $83,910,680. HRG Group Inc makes up approx 0.52% of First Manhattan Co’s portfolio.

HRG Group Inc opened for trading at $15.45 and hit $15.82 on the upside on Monday, eventually ending the session at $15.05, with a gain of 3.22% or 0.47 points. The heightened volatility saw the trading volume jump to 33,48,235 shares. Company has a market cap of $3,022 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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