Hasbro, Inc. (NASDAQ:HAS) Holdings Trimmed by RNC Capital Management LLC

RNC Capital Management LLC trimmed its position in shares of Hasbro, Inc. (NASDAQ:HAS) by 6.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,290 shares of the company’s stock after selling 890 shares during the period. RNC Capital Management LLC’s holdings in Hasbro were worth $687,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Hasbro by 224.8% during the 3rd quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 299 shares in the last quarter. True Wealth Design LLC purchased a new position in Hasbro during the 3rd quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new position in Hasbro during the 3rd quarter worth approximately $40,000. Wilmington Savings Fund Society FSB purchased a new position in Hasbro during the 3rd quarter worth approximately $45,000. Finally, Ashton Thomas Securities LLC purchased a new position in Hasbro during the 3rd quarter worth approximately $49,000. 91.83% of the stock is currently owned by hedge funds and other institutional investors.

Hasbro Trading Up 1.3 %

NASDAQ HAS opened at $59.65 on Friday. The company’s 50-day simple moving average is $59.24 and its 200 day simple moving average is $64.30. Hasbro, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29.

Analyst Ratings Changes

Several equities analysts have recently commented on HAS shares. JPMorgan Chase & Co. boosted their price target on shares of Hasbro from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Monday, October 21st. DA Davidson boosted their price target on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Stifel Nicolaus lowered their price target on shares of Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Morgan Stanley boosted their price target on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Bank of America boosted their price target on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.11.

Insider Activity at Hasbro

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the sale, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at approximately $2,396,029.68. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.82% of the stock is currently owned by insiders.

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.