Tectonic Advisors LLC Buys 13,090 Shares of H&R Block, Inc. (NYSE:HRB)

Tectonic Advisors LLC increased its stake in shares of H&R Block, Inc. (NYSE:HRB) by 12.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,808 shares of the company’s stock after acquiring an additional 13,090 shares during the quarter. Tectonic Advisors LLC owned about 0.09% of H&R Block worth $6,383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wedge Capital Management L L P NC increased its holdings in H&R Block by 1,630.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 777,264 shares of the company’s stock valued at $49,395,000 after buying an additional 732,359 shares during the period. Boston Trust Walden Corp bought a new stake in H&R Block in the 4th quarter valued at $25,552,000. Pacer Advisors Inc. increased its holdings in H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company’s stock valued at $144,527,000 after buying an additional 476,892 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in H&R Block by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company’s stock valued at $313,735,000 after buying an additional 255,354 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in H&R Block by 105.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 473,112 shares of the company’s stock valued at $24,999,000 after buying an additional 243,100 shares during the period. Institutional investors own 90.14% of the company’s stock.

H&R Block Stock Performance

Shares of HRB stock opened at $54.43 on Wednesday. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $7.46 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69. The stock has a 50-day moving average of $55.06 and a 200-day moving average of $58.77. H&R Block, Inc. has a one year low of $42.28 and a one year high of $68.45.

H&R Block (NYSE:HRB) last posted its earnings results on Tuesday, February 4th. The company reported ($1.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.59) by ($0.14). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. As a group, sell-side analysts expect that H&R Block, Inc. will post 5.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and issued a $70.00 target price on shares of H&R Block in a research note on Monday, January 27th.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.