Hasbro Com (HAS) Market Valuation Declined While Lord Abbett & Company Boosted Holding; Roystone Capital Management LP Raised Its Synchrony Finl (SYF) Stake by $3.32 Million

April 20, 2018 - By Adrian Mccoy

Hasbro, Inc. (NASDAQ:HAS) Logo

Richard Barrera increased its stake in Synchrony Finl (SYF) by 6.66% based on its latest 2017Q4 regulatory filing with the SEC. Roystone Capital Management Lp bought 87,300 shares as the company’s stock declined 15.73% with the market. The hedge fund run by Richard Barrera held 1.40 million shares of the consumer services company at the end of 2017Q4, valued at $53.98M, up from 1.31 million at the end of the previous reported quarter. Roystone Capital Management Lp who had been investing in Synchrony Finl for a number of months, seems to be bullish on the $26.68 billion market cap company. The stock decreased 0.74% or $0.2608 during the last trading session, reaching $35.0892. About 6.74M shares traded or 6.99% up from the average. Synchrony Financial (NYSE:SYF) has declined 0.21% since April 20, 2017 and is downtrending. It has underperformed by 11.76% the S&P500.

Lord Abbett & Company increased its stake in Hasbro Inc Com (HAS) by 353.82% based on its latest 2017Q4 regulatory filing with the SEC. Lord Abbett & Company bought 711,066 shares as the company’s stock declined 10.13% with the market. The institutional investor held 912,035 shares of the consumer non-durables company at the end of 2017Q4, valued at $82.90M, up from 200,969 at the end of the previous reported quarter. Lord Abbett & Company who had been investing in Hasbro Inc Com for a number of months, seems to be bullish on the $10.44 billion market cap company. The stock decreased 0.60% or $0.5 during the last trading session, reaching $83.49. About 1.61 million shares traded. Hasbro, Inc. (NASDAQ:HAS) has declined 15.12% since April 20, 2017 and is downtrending. It has underperformed by 26.67% the S&P500.

Roystone Capital Management Lp, which manages about $1.66B and $1.03B US Long portfolio, decreased its stake in Nrg Energy Inc (NYSE:NRG) by 468,500 shares to 3.43M shares, valued at $97.82 million in 2017Q4, according to the filing. It also reduced its holding in Broadcom Ltd by 58,300 shares in the quarter, leaving it with 198,300 shares, and cut its stake in Norwegian Cruise Line Hldgs (NASDAQ:NCLH).

Among 30 analysts covering Synchrony Financial (NYSE:SYF), 22 have Buy rating, 1 Sell and 7 Hold. Therefore 73% are positive. Synchrony Financial had 73 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Thursday, June 15 with “Buy”. The rating was maintained by BMO Capital Markets with “Buy” on Wednesday, April 12. As per Wednesday, May 31, the company rating was maintained by BMO Capital Markets. On Tuesday, October 20 the stock rating was upgraded by Nomura to “Buy”. The rating was upgraded by Goldman Sachs on Wednesday, January 13 to “Conviction Buy”. Jefferies maintained Synchrony Financial (NYSE:SYF) rating on Wednesday, January 10. Jefferies has “Buy” rating and $50.0 target. Wedbush initiated the shares of SYF in report on Tuesday, October 11 with “Outperform” rating. The rating was initiated by Compass Point with “Buy” on Friday, November 4. Jefferies maintained it with “Buy” rating and $35 target in Wednesday, June 15 report. The firm earned “Neutral” rating on Wednesday, December 7 by Wedbush.

Lord Abbett & Company, which manages about $35.15B US Long portfolio, decreased its stake in Live Nation Entertainment In Com (NYSE:LYV) by 169,542 shares to 3.70M shares, valued at $157.62M in 2017Q4, according to the filing. It also reduced its holding in Amphenol Corp New Cl A (NYSE:APH) by 92,882 shares in the quarter, leaving it with 526,045 shares, and cut its stake in Brixmor Ppty Group Inc Com (NYSE:BRX).

Investors sentiment decreased to 1.02 in 2017 Q4. Its down 0.08, from 1.1 in 2017Q3. It dived, as 50 investors sold HAS shares while 183 reduced holdings. 76 funds opened positions while 161 raised stakes. 97.15 million shares or 0.10% less from 97.25 million shares in 2017Q3 were reported. Principal Fincl holds 0.27% or 3.23M shares in its portfolio. Cincinnati Insurance Co invested in 3.28% or 1.26M shares. Emerald Advisers Inc Pa owns 0.01% invested in Hasbro, Inc. (NASDAQ:HAS) for 3,920 shares. Lombard Odier Asset Management (Switzerland) Sa has invested 0.11% of its portfolio in Hasbro, Inc. (NASDAQ:HAS). Bancshares Of Nova Scotia holds 0.01% or 22,471 shares. Lpl Lc accumulated 26,913 shares. Riverhead Capital Mngmt invested in 12,540 shares or 0.05% of the stock. Tradewinds Management holds 0% of its portfolio in Hasbro, Inc. (NASDAQ:HAS) for 3 shares. Coldstream Capital holds 0.09% or 8,710 shares. Delta Asset Mgmt Ltd Liability Corp Tn reported 49 shares stake. Swiss State Bank owns 414,846 shares. Hm Payson Company has 0.75% invested in Hasbro, Inc. (NASDAQ:HAS) for 204,398 shares. Ftb holds 380 shares. Moreover, Susquehanna International Gru Llp has 0% invested in Hasbro, Inc. (NASDAQ:HAS) for 18,164 shares. 80,226 were accumulated by Dana Inv Advsr Incorporated.

Among 22 analysts covering Hasbro Inc. (NASDAQ:HAS), 9 have Buy rating, 0 Sell and 13 Hold. Therefore 41% are positive. Hasbro Inc. had 72 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Piper Jaffray to “Overweight” on Wednesday, September 2. Jefferies maintained it with “Buy” rating and $12500 target in Thursday, July 20 report. As per Monday, November 28, the company rating was downgraded by PiperJaffray. On Monday, October 16 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, February 8. Barclays Capital maintained Hasbro, Inc. (NASDAQ:HAS) rating on Tuesday, July 19. Barclays Capital has “Equalweight” rating and $89 target. As per Tuesday, February 20, the company rating was maintained by FBR Capital. The company was downgraded on Tuesday, May 10 by Piper Jaffray. Jefferies maintained the shares of HAS in report on Monday, August 21 with “Buy” rating. As per Monday, June 6, the company rating was maintained by Citigroup.

Hasbro, Inc. (NASDAQ:HAS) Institutional Positions Chart

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