Rational Advisors LLC raised its stake in H & R Block Inc (NYSE:HRB) by 8,750.0% during the 1st quarter, Holdings Channel reports. The firm owned 1,416 shares of the company’s stock after acquiring an additional 1,400 shares during the period. Rational Advisors LLC’s holdings in H & R Block were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in HRB. Quadrant Capital Group LLC grew its stake in shares of H & R Block by 233.4% in the 1st quarter. Quadrant Capital Group LLC now owns 1,357 shares of the company’s stock valued at $31,000 after purchasing an additional 950 shares during the last quarter. Enlightenment Research LLC purchased a new position in shares of H & R Block in the 4th quarter valued at approximately $38,000. Old North State Trust LLC purchased a new position in shares of H & R Block in the 1st quarter valued at approximately $39,000. Truvestments Capital LLC purchased a new stake in shares of H & R Block in the first quarter valued at approximately $62,000. Finally, NuWave Investment Management LLC boosted its stake in shares of H & R Block by 22,556.3% in the first quarter. NuWave Investment Management LLC now owns 3,625 shares of the company’s stock valued at $87,000 after buying an additional 3,609 shares in the last quarter. Institutional investors own 98.10% of the company’s stock.
A number of analysts recently weighed in on HRB shares. Zacks Investment Research downgraded H & R Block from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Goldman Sachs Group downgraded H & R Block from a “neutral” rating to a “sell” rating and set a $22.00 price target on the stock. in a research note on Thursday, January 31st. Finally, ValuEngine downgraded H & R Block from a “hold” rating to a “sell” rating in a research note on Thursday, January 31st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. H & R Block presently has an average rating of “Hold” and an average target price of $24.67.
H & R Block (NYSE:HRB) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.03). H & R Block had a net margin of 21.79% and a return on equity of 829.18%. The business had revenue of $468.00 million during the quarter, compared to analysts’ expectations of $465.48 million. During the same quarter last year, the firm earned ($1.16) earnings per share. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. As a group, research analysts anticipate that H & R Block Inc will post 1.98 EPS for the current year.
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About H & R Block
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.
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