Gamco Investors INC. ET AL cut its stake in shares of H & R Block Inc (NYSE:HRB) by 9.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,243,302 shares of the company’s stock after selling 124,756 shares during the period. Gamco Investors INC. ET AL owned 0.59% of H & R Block worth $32,599,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new stake in shares of H & R Block in the 4th quarter valued at about $142,000. FDO Partners LLC acquired a new stake in shares of H & R Block in the 3rd quarter valued at about $203,000. Conning Inc. acquired a new stake in shares of H & R Block in the 4th quarter valued at about $208,000. Assetmark Inc. raised its stake in shares of H & R Block by 111.9% in the 3rd quarter. Assetmark Inc. now owns 7,898 shares of the company’s stock valued at $209,000 after purchasing an additional 4,170 shares in the last quarter. Finally, Bredin Investment LLC acquired a new stake in H & R Block during the fourth quarter worth about $214,000. 95.53% of the stock is owned by institutional investors.
H & R Block Inc (HRB) traded up $0.60 during mid-day trading on Wednesday, reaching $26.51. 1,207,404 shares of the company traded hands, compared to its average volume of 2,960,368. H & R Block Inc has a fifty-two week low of $19.85 and a fifty-two week high of $31.80. The firm has a market capitalization of $5,253.90, a price-to-earnings ratio of 14.10, a PEG ratio of 0.86 and a beta of 0.37. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of -3.62.
H & R Block (NYSE:HRB) last released its earnings results on Wednesday, December 6th. The company reported ($0.71) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.01. The business had revenue of $140.85 million during the quarter, compared to analyst estimates of $131.24 million. H & R Block had a net margin of 12.90% and a negative return on equity of 110.06%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.67) earnings per share. equities analysts forecast that H & R Block Inc will post 2.66 earnings per share for the current year.
Several research firms recently weighed in on HRB. Zacks Investment Research upgraded shares of H & R Block from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, February 6th. BMO Capital Markets upped their target price on shares of H & R Block from $2.75 to $31.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 23rd. Oppenheimer restated a “hold” rating on shares of H & R Block in a research report on Thursday, December 7th. Finally, ValuEngine cut shares of H & R Block from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $27.67.
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About H & R Block
H&R Block, Inc (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company 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, Australia and their respective territories.
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