Lion Street Advisors LLC Reduces Holdings in Hasbro, Inc. (NASDAQ:HAS)

Lion Street Advisors LLC lowered its stake in Hasbro, Inc. (NASDAQ:HAS) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,655 shares of the company’s stock after selling 215 shares during the quarter. Lion Street Advisors LLC’s holdings in Hasbro were worth $260,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Huntington National Bank lifted its position in shares of Hasbro by 27.3% in the third quarter. Huntington National Bank now owns 759 shares of the company’s stock valued at $55,000 after acquiring an additional 163 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Hasbro by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,657 shares of the company’s stock valued at $554,000 after purchasing an additional 166 shares during the last quarter. Axiom Advisory LLC lifted its holdings in Hasbro by 1.6% in the 3rd quarter. Axiom Advisory LLC now owns 10,880 shares of the company’s stock valued at $787,000 after purchasing an additional 170 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Hasbro by 4.6% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,924 shares of the company’s stock worth $356,000 after purchasing an additional 217 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Hasbro by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,249 shares of the company’s stock worth $797,000 after buying an additional 259 shares in the last quarter. Institutional investors and hedge funds own 91.83% of the company’s stock.

Analysts Set New Price Targets

HAS has been the topic of several recent analyst reports. Morgan Stanley upped their price objective on shares of Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus decreased their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 3rd. Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Finally, DA Davidson lifted their price target on 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.11.

Hasbro Stock Up 3.1 %

Shares of NASDAQ:HAS opened at $58.90 on Thursday. Hasbro, Inc. has a 1 year low of $46.09 and a 1 year high of $73.46. The stock has a 50-day simple moving average of $59.34 and a 200-day simple moving average of $64.34. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.29 and a current ratio of 1.47. The stock has a market capitalization of $8.22 billion, a P/E ratio of -12.69, a PEG ratio of 0.50 and a beta of 0.64.

Insiders Place Their Bets

In other news, EVP Matthew Edward Austin sold 1,718 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $65.06, for a total value of $111,773.08. Following the completion of the sale, the executive vice president now owns 36,828 shares of the company’s stock, valued at $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 is available at this hyperlink. 0.82% of the stock is owned by insiders.

Hasbro 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.