Empyrean Capital Partners LP Position in Hrg Group INC (HRG) Has Decreased by $21.25 Million as Valuation Declined

June 17, 2018 - By Vivian Currie

Michael A. Price decreased its stake in Hrg Group Inc (HRG) by 19.16% based on its latest 2018Q1 regulatory filing with the SEC. Empyrean Capital Partners Lp sold 1.33M shares as the company’s stock declined 23.38% with the market. The hedge fund run by Michael A. Price held 5.60 million shares of the miscellaneous company at the end of 2018Q1, valued at $92.38M, down from 6.93M 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 $2.55B market cap company. The stock decreased 0.47% or $0.06 during the last trading session, reaching $12.58. About 1.71M shares traded. HRG Group, Inc. (NYSE:HRG) has declined 31.30% since June 17, 2017 and is downtrending. It has underperformed by 43.87% the S&P500.

Empyrean Capital Partners Lp, which manages about $4.52B and $1.87 billion US Long portfolio, upped its stake in Twenty First Centy Fox Inc (NASDAQ:FOXA) by 1.06 million shares to 2.06 million shares, valued at $75.52 million in 2018Q1, according to the filing. It also increased its holding in Curo Group Hldgs Corp by 503,100 shares in the quarter, for a total of 1.52 million shares, and has risen its stake in Time Warner Inc (NYSE:TWX).

Another recent and important HRG Group, Inc. (NYSE:HRG) news was published by Businesswire.com which published an article titled: “Spectrum Brands and HRG Group Announce July 13, 2018 as the Date for Special Meetings of Stockholders” on June 12, 2018.

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