FS Capital Partners V LLC continued to hold its position in Hhgregg Inc. (NYSE:HGG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,475,981 shares of the company’s stock at the end of the second quarter. Hhgregg comprises about 100.0% of FS Capital Partners V LLC’s investment portfolio, making the stock its largest position. FS Capital Partners V LLC owned approximately 0.49% of Hhgregg worth $23,852,000 at the end of the most recent quarter.
Separately, Spark Investment Management LLC raised its stake in shares of Hhgregg by 280.7% in the first quarter. Spark Investment Management LLC now owns 344,700 shares of the company’s stock worth $727,000 after buying an additional 254,148 shares in the last quarter. Hedge funds and other institutional investors own 65.61% of the company’s stock.
Hhgregg Inc. (NYSE:HGG) traded down 2.16% during midday trading on Thursday, hitting $1.81. 74,689 shares of the stock were exchanged. The firm’s 50-day moving average is $2.00 and its 200 day moving average is $1.90. Hhgregg Inc. has a 52 week low of $1.46 and a 52 week high of $5.85. The stock’s market cap is $50.31 million.
Hhgregg (NYSE:HGG) last issued its earnings results on Thursday, August 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. The business had revenue of $423.57 million for the quarter, compared to analyst estimates of $416.45 million. Hhgregg had a negative net margin of 2.75% and a negative return on equity of 21.66%. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.17) EPS. Equities research analysts expect that Hhgregg Inc. will post ($1.10) EPS for the current fiscal year.
Separately, Zacks Investment Research raised Hhgregg from a “hold” rating to a “buy” rating and set a $2.25 price objective on the stock in a report on Tuesday, August 9th.
hhgregg, Inc (hhgregg) is an appliance, electronics and furniture retailer. The Company operates as a multi-regional retailer with approximately 230 brick-and-mortar stores in 20 states that also offer global and local brands across the nation through hhgregg.com. It also sells a suite of services, including third-party premium service plans (PSPs), third-party in-home service and repair of its products, delivery and installation, and in-home repair and maintenance.
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