Pinnbrook Capital Management LP Lowers Stake in Hasbro, Inc. $HAS

Pinnbrook Capital Management LP significantly reduced its stake in Hasbro, Inc. (NASDAQ:HAS) by 75.4% in the third quarter, selling 122,893 shares and ending with 40,033 shares valued at approximately $3.04 million. Despite this reduction, Hasbro recently reported strong quarterly earnings, beating analyst estimates for both EPS and revenue, leading to several analyst price target increases and a “Moderate Buy” consensus rating. However, the company faces corporate risks including substantial insider stock sales and an elevated debt-to-equity ratio following a $400 million senior notes offering.