H&R Block (HRB) Position Trimmed by Millennium Management LLC

Millennium Management LLC reduced its stake in H&R Block (NYSE:HRB) by 95.1% during the fourth quarter, HoldingsChannel reports. The firm owned 16,282 shares of the company’s stock after selling 314,133 shares during the period. Millennium Management LLC’s holdings in H&R Block were worth $427,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its stake in shares of H&R Block by 9.3% during the fourth quarter. Eqis Capital Management Inc. now owns 21,966 shares of the company’s stock worth $576,000 after acquiring an additional 1,873 shares in the last quarter. Comerica Bank raised its stake in shares of H&R Block by 2.9% during the fourth quarter. Comerica Bank now owns 69,476 shares of the company’s stock worth $1,887,000 after acquiring an additional 1,961 shares in the last quarter. Cambiar Investors LLC raised its stake in shares of H&R Block by 1.6% during the fourth quarter. Cambiar Investors LLC now owns 137,255 shares of the company’s stock worth $3,599,000 after acquiring an additional 2,173 shares in the last quarter. Amalgamated Bank raised its stake in shares of H&R Block by 5.7% during the fourth quarter. Amalgamated Bank now owns 43,267 shares of the company’s stock worth $1,134,000 after acquiring an additional 2,319 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of H&R Block by 49.0% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,978 shares of the company’s stock worth $209,000 after acquiring an additional 2,624 shares in the last quarter.

Shares of NYSE HRB opened at $27.74 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of -3.27. H&R Block has a 52 week low of $27.59 and a 52 week high of $27.99. The firm has a market capitalization of $5.84 billion, a P/E ratio of 22.00, a PEG ratio of 1.07 and a beta of 0.29.

H&R Block (NYSE:HRB) last issued its earnings results on Tuesday, March 6th. The company reported ($1.16) EPS for the quarter, topping the consensus estimate of ($1.29) by $0.13. H&R Block had a net margin of 8.19% and a negative return on equity of 77.32%. The company had revenue of $488.00 million for the quarter, compared to the consensus estimate of $459.14 million. During the same period in the previous year, the firm earned ($0.49) earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. analysts anticipate that H&R Block will post 2.79 earnings per share for the current fiscal year.

Several research firms have commented on HRB. BTIG Research reissued a “sell” rating and set a $21.00 price target on shares of H&R Block in a research note on Sunday, March 11th. ValuEngine raised shares of H&R Block from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of H&R Block from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, February 6th. Goldman Sachs began coverage on shares of H&R Block in a research note on Tuesday, March 27th. They set a “neutral” rating and a $28.00 price target on the stock. Finally, Morgan Stanley reissued an “equal weight” rating and set a $28.00 price target (up from $27.00) on shares of H&R Block in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.96.

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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Institutional Ownership by Quarter for H&R Block (NYSE:HRB)

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