Pensionfund Sabic Exits Position in H & R Block Inc (HRB)

H & R Block Inc (HRB) : Pensionfund Sabic has sold out all of its stake in H & R Block Inc during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 42,000 shares of H & R Block Inc which is valued at $1 Million.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands sold out all of its stake in HRB during the most recent quarter. The investment firm sold 86,000 shares of HRB which is valued $2.1 Million.

On the company’s financial health, H & R Block Inc reported $-0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Mar 3, 2016. Analyst had a consensus of $-0.24. The company had revenue of $475.00 million for the quarter, compared to analysts expectations of $506.41 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on H & R Block Inc. H & R Block Inc was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016. Shares were Downgraded by Wedbush on Mar 4, 2016 to ” Neutral” and Lowered the Price Target to $ 32 from a previous price target of $46 .Shares were Downgraded by BMO Capital Markets on Mar 4, 2016 to ” Market Perform” and Lowered the Price Target to $ 32 from a previous price target of $40 .

H & R Block Inc closed down -0.36 points or -1.48% at $23.99 with 42,45,107 shares getting traded on Monday. Post opening the session at $24.4, the shares hit an intraday low of $23.96 and an intraday high of $24.77 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

H&R Block Inc. (H&R Block) is a holding company. The Company 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 and its territories Canada and Australia. The Company offers a range of online tax services from tax advice to complete professional and DIY tax return preparation and electronic filing through its Website at Services available at this Website allow clients to prepare their federal and state income tax returns using online tax program access tax tips advice and tax-related news and use calculators for tax planning. The Company develops and markets DIY desktop income tax preparation software. It develops and offers applications for mobile devices which provide tax and related services to clients.

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