Saddle Road Partners Exits Position in H & R Block Inc (HRB)

H & R Block Inc (HRB) : Saddle Road Partners has sold out all of its stake in H & R Block Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 16,244 shares of H & R Block Inc which is valued at $387,095.

H & R Block Inc closed down -3.23 points or -13.56% at $20.59 with 1,61,32,224 shares getting traded on Wednesday. Post opening the session at $21.84, the shares hit an intraday low of $19.75 and an intraday high of $21.84 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in HRB by selling 87 shares or 7.39% in the most recent quarter. The Hedge Fund company now holds 1,090 shares of HRB which is valued at $25,975. H & R Block Inc makes up approx 0.01% of Advisory Services Network’s portfolio.National Investment Services Inc Wi boosted its stake in HRB in the latest quarter, The investment management firm added 29,501 additional shares and now holds a total of 85,243 shares of H & R Block Inc which is valued at $2,031,341. H & R Block Inc makes up approx 2.27% of National Investment Services Inc Wi’s portfolio.Capital Investment Advisors boosted its stake in HRB in the latest quarter, The investment management firm added 8,730 additional shares and now holds a total of 20,815 shares of H & R Block Inc which is valued at $496,854. H & R Block Inc makes up approx 0.05% of Capital Investment Advisors’s portfolio.Guinness Atkinson Asset Management Inc reduced its stake in HRB by selling 1,730 shares or 1.04% in the most recent quarter. The Hedge Fund company now holds 164,240 shares of HRB which is valued at $3,920,409. H & R Block Inc makes up approx 2.40% of Guinness Atkinson Asset Management Inc’s portfolio.Capstone Asset Management Co reduced its stake in HRB by selling 570 shares or 2.48% in the most recent quarter. The Hedge Fund company now holds 22,445 shares of HRB which is valued at $535,762. H & R Block Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

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. (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 www.hrblock.com. 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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