Kornitzer Capital Management Inc. KS Decreases Position in Hasbro, Inc. (NASDAQ:HAS)

Kornitzer Capital Management Inc. KS cut its position in Hasbro, Inc. (NASDAQ:HAS) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 41,030 shares of the company’s stock after selling 510 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Hasbro were worth $2,294,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HAS. Stratos Wealth Advisors LLC raised its holdings in Hasbro by 4.6% in the third quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after buying an additional 217 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Hasbro by 30.2% during the third quarter. Raymond James & Associates now owns 180,127 shares of the company’s stock valued at $13,027,000 after purchasing an additional 41,829 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Hasbro by 41.3% during the third quarter. Signaturefd LLC now owns 2,708 shares of the company’s stock valued at $196,000 after purchasing an additional 791 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Hasbro by 7,141.6% during the third quarter. International Assets Investment Management LLC now owns 56,629 shares of the company’s stock valued at $40,950,000 after purchasing an additional 55,847 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on HAS shares. Morgan Stanley boosted their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Stifel Nicolaus decreased their price objective on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Finally, DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the transaction, the executive vice president now directly owns 36,828 shares in the company, valued at $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

Shares of NASDAQ HAS opened at $61.14 on Thursday. The firm has a 50 day moving average of $58.27 and a 200 day moving average of $64.15. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm has a market capitalization of $8.53 billion, a price-to-earnings ratio of -13.18, a price-to-earnings-growth ratio of 0.52 and a beta of 0.64. Hasbro, Inc. has a 12-month low of $48.63 and a 12-month high of $73.46.

Hasbro Company Profile

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.