Adams Asset Advisors buys $3,989,040 stake in HP Inc (HPQ)

HP Inc (HPQ) : Adams Asset Advisors scooped up 25,913 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 263,303 shares of HP Inc which is valued at $3,989,040.HP Inc makes up approximately 0.55% of Adams Asset Advisors’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in HPQ in the latest quarter, The investment management firm added 1,845 additional shares and now holds a total of 46,756 shares of HP Inc which is valued at $708,353. HP Inc makes up approx 0.02% of Msi Financial Services Inc’s portfolio.Nexus Investment Management reduced its stake in HPQ by selling 1,100 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 417,200 shares of HPQ which is valued at $6,441,568. HP Inc makes up approx 1.19% of Nexus Investment Management’s portfolio. Contravisory Investment Management sold out all of its stake in HPQ during the most recent quarter. The investment firm sold 150 shares of HPQ which is valued $2,339.

HP Inc closed down -0.15 points or -0.96% at $15.44 with 1,06,50,007 shares getting traded on Tuesday. Post opening the session at $15.6, the shares hit an intraday low of $15.32 and an intraday high of $15.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, HP Inc reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 24, 2016. Analyst had a consensus of $0.45. The company had revenue of $11892.00 million for the quarter, compared to analysts expectations of $11491.65 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.88 EPS.

Many Wall Street Analysts have commented on HP Inc. Company shares were Reiterated by Mizuho on Oct 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 14 from a previous price target of $12 .Company shares were Reiterated by RBC Capital Mkts on Oct 10, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 16 from a previous price target of $14 .Shares were Downgraded by Maxim Group on Aug 25, 2016 to ” Hold” and Lowered the Price Target to $ 15 from a previous price target of $17 .

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.

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