100 institutional investors are raising stakes in HRG Group, Inc. (HRG)

HRG Group, Inc. (NYSE:HRG) enjoyed a 38.96% run-up in share price since hitting record low of $9.42. The stock managed -1.43% fall and now stands at $13.09 as of 06/29/2018. At recent session, the prices were hovering between $13.08 and $13.38. This company shares are 68.07% off its target price of $22 and the current market capitalization stands at $2.75B. The recent change has given its price a 2.77% lead over SMA 50 and -31.79% deficit over its 52-week high. The stock witnessed 3.23% gains, -16.89% declines and -22.91% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found HRG’s volatility during a week at 2.66% and during a month it has been found around 2.65%.

HRG Group, Inc. (HRG) Top Holders

Institutional investors currently hold around $2.51 billion or 95.3% in HRG stock. Look at its top three institutional owners. Jefferies Financial Group Inc. owns $609.99 million in HRG Group, Inc., which represents roughly 22.18% of the company’s market cap and approximately 24.33% of the institutional ownership. Similar statistics are true for the second largest owner, Fortress Investment Group Llc, which owns 32,994,740 shares of the stock are valued at $431.9 million. The third largest holder is Vanguard Group Inc, which currently holds $186.09 million worth of this stock and that ownership represents nearly 6.77% of its market capitalization.

HRG Group, Inc. 13F Filings

At the end of March reporting period, 100 institutional holders increased their position in HRG Group, Inc. (NYSE:HRG) by some 28,027,082 shares, 99 decreased positions by 28,633,168 and 23 held positions by 134,826,927. That puts total institutional holdings at 191,487,177 shares, according to SEC filings. The stock grabbed 38 new institutional investments totaling 7,551,110 shares while 42 institutional investors sold out their entire positions totaling 10,878,752 shares.

HRG Group, Inc. (NYSE:HRG) Insider Trades

Multiple company employees have indulged in significant insider trading. HRG Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Managing Director and EVP Maura David M has sold 177,500 shares of HRG Group, Inc. (HRG) in trading session dated Dec. 03, 2015. These shares are worth $2,323,475 and were traded at $13.09 each. The SEC filing shows that Harbinger Capital Partners Mas performed a sale of 2,750,000 shares. The disposed these shares by way of transaction on Nov. 11, 2015. The company’s shares were given away at $13.06 per share worth to an income of some $35,915,000 on account of Harbinger Capital Partners Mas.

, Harbinger Capital Partners Mas, sold 934,106 common shares of HRG Group, Inc. (HRG) in the open market. In a transaction dated Nov. 09, 2015, the shares were put up for sale at an average price of $13.14, raking in a sum of $12,274,153. After this sale, 19,750,000 common shares of HRG are directly owned by the insider, with total stake valued at $258,527,500.

In the transaction dated Nov. 04, 2015, the great number of shares disposed came courtesy the ; Harbinger Capital Partners Mas disposed a total of 55,000 shares at an average price of $13.38, amounting to approximately $735,900. The insider now directly owns 20,684,106 shares worth $270,754,948.