Northern Trust Corp Sells 101,626 Shares of HRG Group Inc (HRG)

Northern Trust Corp lowered its holdings in shares of HRG Group Inc (NYSE:HRG) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,479,557 shares of the company’s stock after selling 101,626 shares during the quarter. Northern Trust Corp owned about 0.73% of HRG Group worth $19,368,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new position in shares of HRG Group during the 2nd quarter valued at $152,000. Sei Investments Co. raised its holdings in HRG Group by 99.0% in the 1st quarter. Sei Investments Co. now owns 12,232 shares of the company’s stock worth $202,000 after acquiring an additional 6,084 shares during the period. CAPROCK Group Inc. bought a new position in HRG Group in the 2nd quarter worth $176,000. GSA Capital Partners LLP bought a new position in HRG Group in the 2nd quarter worth $187,000. Finally, Xact Kapitalforvaltning AB raised its holdings in HRG Group by 27.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,876 shares of the company’s stock worth $247,000 after acquiring an additional 4,100 shares during the period. Institutional investors and hedge funds own 93.35% of the company’s stock.

Separately, ValuEngine upgraded shares of HRG Group from a “sell” rating to a “hold” rating in a report on Thursday, July 5th.

Shares of HRG opened at $13.40 on Thursday. HRG Group Inc has a one year low of $9.42 and a one year high of $19.19. The company has a debt-to-equity ratio of 3.91, a quick ratio of 2.61 and a current ratio of 3.11.

HRG Group Profile

HRG Group, Inc, through its subsidiaries, provides various branded consumer products. It operates through two segments, Consumer Products; and Corporate and Other. Its product portfolio includes consumer batteries, such as alkaline and zinc carbon batteries, nickel metal hydride rechargeable batteries, battery chargers, battery-powered portable lighting products, hearing aid batteries, and other specialty battery products; small appliances comprising small kitchen appliances and home product appliances; and personal care products, such as electric shaving and grooming products, hair care appliances, and accessories.

See Also: Intrinsic Value and Stock Selection

Institutional Ownership by Quarter for HRG Group (NYSE:HRG)

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