ETF Managers Group LLC grew its stake in H & R Block Inc (NYSE:HRB) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,131 shares of the company’s stock after purchasing an additional 699 shares during the period. ETF Managers Group LLC’s holdings in H & R Block were worth $130,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in HRB. IMS Capital Management acquired a new position in shares of H & R Block during the 3rd quarter worth approximately $26,000. Atlas Capital Advisors LLC acquired a new position in shares of H & R Block during the 3rd quarter worth approximately $122,000. First Hawaiian Bank acquired a new position in shares of H & R Block during the 3rd quarter worth approximately $137,000. Quantamental Technologies LLC acquired a new position in shares of H & R Block during the 4th quarter worth approximately $185,000. Finally, Bredin Investment LLC acquired a new position in shares of H & R Block during the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 95.03% of the company’s stock.
NYSE HRB opened at $23.94 on Tuesday. H & R Block Inc has a one year low of $22.45 and a one year high of $29.81. The company has a debt-to-equity ratio of 7.79, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market capitalization of $4.91 billion, a P/E ratio of 8.03, a PEG ratio of 1.23 and a beta of 0.11.
H & R Block (NYSE:HRB) last posted its quarterly earnings data on Thursday, December 6th. The company reported ($0.83) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.93) by $0.10. H & R Block had a negative return on equity of 1,624.01% and a net margin of 17.90%. The firm had revenue of $149.00 million during the quarter, compared to the consensus estimate of $139.80 million. During the same period in the prior year, the company earned ($0.71) EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that H & R Block Inc will post 1.95 earnings per share for the current year.
Several research analysts have recently weighed in on the company. Zacks Investment Research reaffirmed a “hold” rating on shares of H & R Block in a research note on Tuesday, November 13th. Morgan Stanley upped their target price on H & R Block from $26.00 to $27.00 and gave the stock a “hold” rating in a research note on Friday, December 7th. ValuEngine raised H & R Block from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, Goldman Sachs Group downgraded H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 target price for the company. in a research note on Thursday, January 31st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. H & R Block has a consensus rating of “Hold” and a consensus price target of $24.53.
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H & R Block Profile
H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions, and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, and Australia. The company offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or by franchisees.
See Also: Hedge Funds
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