Goodhaven Capital Management buys $14.3 Million stake in HP Inc (HPQ)

HP Inc (HPQ) : Goodhaven Capital Management scooped up 376,100 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,244,599 shares of HP Inc which is valued at $14.3 Million.HP Inc makes up approximately 4.92% of Goodhaven Capital Management’s portfolio.

Other Hedge Funds, Including , Fuller Thaler Asset Management boosted its stake in HPQ in the latest quarter, The investment management firm added 13,900 additional shares and now holds a total of 51,700 shares of HP Inc which is valued at $594,550. HP Inc makes up approx 0.01% of Fuller Thaler Asset Management’s portfolio.Accident Compensation Corp reduced its stake in HPQ by selling 58,350 shares or 25.02% in the most recent quarter. The Hedge Fund company now holds 174,850 shares of HPQ which is valued at $2 Million. HP Inc makes up approx 0.56% of Accident Compensation Corp’s portfolio.Ci Investments reduced its stake in HPQ by selling 1,295,400 shares or 95.69% in the most recent quarter. The Hedge Fund company now holds 58,400 shares of HPQ which is valued at $676,856. HP Inc makes up approx 0.01% of Ci Investments’s portfolio.Aperio Group boosted its stake in HPQ in the latest quarter, The investment management firm added 130,197 additional shares and now holds a total of 789,262 shares of HP Inc which is valued at $9.7 Million. HP Inc makes up approx 0.08% of Aperio Group’s portfolio.Ohio National Investments reduced its stake in HPQ by selling 900 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 38,700 shares of HPQ which is valued at $474,849. HP Inc makes up approx 0.09% of Ohio National Investments’s portfolio.

HP Inc opened for trading at $11.48 and hit $11.675 on the upside on Friday, eventually ending the session at $11.66, with a gain of 1.92% or 0.22 points. The heightened volatility saw the trading volume jump to 1,04,09,147 shares. Company has a market cap of $20,252,674 M.

On the company’s financial health, HP Inc reported $0.36 EPS for the quarter, based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus estimate of $0.36. The company had revenue of $12246.00 million for the quarter, compared to analysts expectations of $12031.50 million. The company’s revenue was down -11.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.92 EPS.

Many Wall Street Analysts have commented on HP Inc. Company shares were Reiterated by RBC Capital Mkts on Mar 14, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Shares were Reiterated by Barclays on Feb 25, 2016 to “Equal Weight” and Lowered the Price Target to $ 13 from a previous price target of $14 .Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $16 .

HP Inc. formerly Hewlett-Packard Company is a provider of products technologies software solutions and services to individual consumers small- and medium-sized businesses and large enterprises. The Company operates in seven business segments: Personal Systems Printing the Enterprise Group Enterprise Services Software HP Financial Services and Corporate Investments. It offers personal computing and other access devices; imaging and printing related products and services; enterprise information technology (IT) infrastructure including enterprise server and storage technology networking products and solutions technology support and maintenance; multi-vendor customer services including technology consulting outsourcing and support services across infrastructure applications and business process domains and software products and solution including application testing and delivery software big data analytics information governance and IT Operations Management.

Leave a Reply

HP Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on HP Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.