Alethea Capital Management LLC grew its position in Hasbro, Inc. (NASDAQ:HAS) by 99.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 11,892 shares of the company’s stock after purchasing an additional 5,940 shares during the period. Hasbro makes up 0.7% of Alethea Capital Management LLC’s holdings, making the stock its 20th biggest position. Alethea Capital Management LLC’s holdings in Hasbro were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Creative Planning increased its position in shares of Hasbro by 1.3% in the first quarter. Creative Planning now owns 7,581 shares of the company’s stock valued at $645,000 after buying an additional 99 shares in the last quarter. Sigma Planning Corp increased its position in shares of Hasbro by 4.4% in the fourth quarter. Sigma Planning Corp now owns 2,662 shares of the company’s stock valued at $216,000 after buying an additional 112 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of Hasbro by 41.4% in the fourth quarter. Proficio Capital Partners LLC now owns 420 shares of the company’s stock valued at $34,000 after buying an additional 123 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Hasbro by 46.3% in the fourth quarter. Bessemer Group Inc. now owns 398 shares of the company’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Hasbro by 38.2% in the fourth quarter. Van ECK Associates Corp now owns 463 shares of the company’s stock valued at $38,000 after buying an additional 128 shares in the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
HAS opened at $96.77 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. Hasbro, Inc. has a 52 week low of $76.84 and a 52 week high of $109.60. The firm has a market cap of $12.64 billion, a P/E ratio of 25.14, a P/E/G ratio of 2.08 and a beta of 0.98.
In other Hasbro news, CEO Brian Goldner sold 317,306 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $102.55, for a total value of $32,539,730.30. Following the sale, the chief executive officer now directly owns 375,111 shares of the company’s stock, valued at approximately $38,467,633.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas J. Jr. Courtney sold 3,687 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $105.00, for a total value of $387,135.00. Following the completion of the sale, the executive vice president now directly owns 20,795 shares in the company, valued at $2,183,475. The disclosure for this sale can be found here. Over the last three months, insiders sold 346,056 shares of company stock worth $35,488,019. 9.30% of the stock is owned by corporate insiders.
A number of analysts recently commented on the company. DA Davidson increased their price objective on Hasbro to $120.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Zacks Investment Research raised Hasbro from a “sell” rating to a “hold” rating and set a $114.00 price objective on the stock in a research note on Wednesday, April 24th. Barclays increased their price objective on Hasbro from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Argus lowered Hasbro from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, TheStreet raised Hasbro from a “c+” rating to a “b-” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. Hasbro currently has an average rating of “Buy” and an average target price of $106.07.
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Hasbro, Inc, together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada.
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