nVerses Capital LLC Sells 6,600 Shares of Hasbro, Inc. (NASDAQ:HAS)

nVerses Capital LLC lowered its holdings in Hasbro, Inc. (NASDAQ:HAS) by 89.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 800 shares of the company’s stock after selling 6,600 shares during the period. nVerses Capital LLC’s holdings in Hasbro were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sound Income Strategies LLC grew its holdings in shares of Hasbro by 4.5% in the 3rd quarter. Sound Income Strategies LLC now owns 156,191 shares of the company’s stock valued at $11,296,000 after acquiring an additional 6,773 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Hasbro by 4,014.4% in the third quarter. Exchange Traded Concepts LLC now owns 4,567 shares of the company’s stock valued at $330,000 after purchasing an additional 4,456 shares in the last quarter. Contravisory Investment Management Inc. increased its position in shares of Hasbro by 9,547.8% during the 3rd quarter. Contravisory Investment Management Inc. now owns 11,095 shares of the company’s stock worth $802,000 after purchasing an additional 10,980 shares during the last quarter. USA Financial Formulas raised its stake in shares of Hasbro by 36,079.3% during the 3rd quarter. USA Financial Formulas now owns 20,984 shares of the company’s stock worth $1,518,000 after purchasing an additional 20,926 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Hasbro by 481.2% in the 3rd quarter. CWM LLC now owns 17,871 shares of the company’s stock valued at $1,292,000 after buying an additional 14,796 shares during the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Hasbro from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. DA Davidson reiterated a “neutral” rating and issued a $59.00 target price on shares of Hasbro in a research note on Friday, July 26th. Jefferies Financial Group boosted their price target on Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Bank of America raised their price objective on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus boosted their target price on Hasbro from $78.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.10.

Hasbro Price Performance

NASDAQ:HAS opened at $71.94 on Tuesday. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.27 and a current ratio of 1.46. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of -7.09, a P/E/G ratio of 0.54 and a beta of 0.61. Hasbro, Inc. has a 52 week low of $42.66 and a 52 week high of $73.46. The firm’s 50-day simple moving average is $69.58 and its 200 day simple moving average is $63.37.

Hasbro (NASDAQ:HAS) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.44. Hasbro had a negative net margin of 22.78% and a positive return on equity of 38.83%. The company had revenue of $995.30 million during the quarter, compared to the consensus estimate of $941.38 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. As a group, sell-side analysts predict that Hasbro, Inc. will post 3.94 earnings per share for the current year.

About Hasbro

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.