Empyrean Capital Partners LP Decreased Holding in Hrg Group INC (HRG) by $18.20 Million

May 19, 2018 - By Linda Rogers

Michael A. Price decreased its stake in Hrg Group Inc (HRG) by 14.1% based on its latest 2017Q4 regulatory filing with the SEC. Empyrean Capital Partners Lp sold 1.14M shares as the company’s stock declined 17.45% with the market. The hedge fund run by Michael A. Price held 6.93M shares of the miscellaneous company at the end of 2017Q4, valued at $117.47 million, down from 8.07 million at the end of the previous reported quarter. Empyrean Capital Partners Lp who had been investing in Hrg Group Inc for a number of months, seems to be less bullish one the $2.49 billion market cap company. The stock decreased 1.29% or $0.16 during the last trading session, reaching $12.29. About 2.65 million shares traded. HRG Group, Inc. (NYSE:HRG) has declined 24.44% since May 19, 2017 and is downtrending. It has underperformed by 35.99% the S&P500.

Empyrean Capital Partners Lp, which manages about $4.52B and $2.21 billion US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 60,900 shares to 627,300 shares, valued at $167.40 million in 2017Q4, according to the filing. It also increased its holding in Ishares Tr (Put) (IWM) by 757,400 shares in the quarter, for a total of 1.04 million shares, and has risen its stake in Spdr S&P Midcap 400 Etf Tr (MDY).

HRG Group, Inc. (NYSE:HRG) Ratings Chart

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