Beach Point Capital Management LP Has Cut Holding in Liberty Global Plc (LBTYK) by $2.82 Million as Stock Price Declined; Block H & R (HRB) Share Price Rose While Continental Advisors Raised Position

August 12, 2018 - By Kristin Houston

H&R Block, Inc. (NYSE:HRB) Logo

Beach Point Capital Management Lp decreased its stake in Liberty Global Plc (LBTYK) by 21.76% based on its latest 2018Q1 regulatory filing with the SEC. Beach Point Capital Management Lp sold 94,034 shares as the company’s stock declined 11.63% with the market. The hedge fund held 338,038 shares of the television services company at the end of 2018Q1, valued at $10.29M, down from 432,072 at the end of the previous reported quarter. Beach Point Capital Management Lp who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $21.82 billion market cap company. The stock increased 0.15% or $0.04 during the last trading session, reaching $27.03. About 3.56M shares traded or 20.98% up from the average. Liberty Global plc (NASDAQ:LBTYK) has declined 7.09% since August 12, 2017 and is downtrending. It has underperformed by 19.66% the S&P500. Some Historical LBTYK News: 09/05/2018 – Vodafone to pay $21.8 bln for Liberty assets to boost European presence; 08/05/2018 – Vodafone nears €18bn game-changing Liberty Global deal; 17/05/2018 – Aflac, Commonwealth Bank of Australia, Google, and Liberty Global Join PegaWorld 2018 Keynote Lineup; 30/05/2018 – VODAFONE GROUP – INTENDS TO USE NET PROCEEDS FROM TRANSACTION TO FUND ACQUISITION OF LIBERTY GLOBAL’S OPERATIONS IN GERMANY, CZECH REPUBLIC, HUNGARY, ROMANIA; 04/05/2018 – Liberty Global offers EU concessions over Ziggo takeover; 09/05/2018 – Vodafone strikes €18.4bn takeover Liberty Global assets; 09/05/2018 – Vodafone Group to Buy Liberty Assets in Germany, Hungary, Romania, Czech Republic; 09/05/2018 – VODAFONE GROUP PLC VOD.L – TRANSACTION IS NOT SUBJECT TO VODAFONE OR LIBERTY GLOBAL SHAREHOLDER APPROVALS; 18/05/2018 – Bill Gates Discloses 5% Stake in Liberty Global — Barron’s Blog; 09/05/2018 – Vodafone-Liberty deal would create cable monopoly – Telefonica Deutschland

Continental Advisors Llc increased its stake in Block H & R Inc (HRB) by 27.46% based on its latest 2018Q1 regulatory filing with the SEC. Continental Advisors Llc bought 77,515 shares as the company’s stock rose 3.94% while stock markets declined. The hedge fund held 359,757 shares of the consumer services company at the end of 2018Q1, valued at $9.14M, up from 282,242 at the end of the previous reported quarter. Continental Advisors Llc who had been investing in Block H & R Inc for a number of months, seems to be bullish on the $5.31B market cap company. The stock increased 0.90% or $0.23 during the last trading session, reaching $25.86. About 1.53M shares traded. H&R Block, Inc. (NYSE:HRB) has risen 7.18% since August 12, 2017 and is uptrending. It has underperformed by 5.39% the S&P500. Some Historical HRB News: 22/03/2018 – H&R REAL ESTATE INVESTMENT TRUST – AMENDED REORGANIZATION IS EXPECTED TO BE IMPLEMENTED BY AUG 2018; 19/03/2018 – H&R Block advises gig economy workers to organize tax documents, file and prepare for next year; 06/03/2018 – H & R BLOCK INC HRB.N : MORGAN STANLEY RAISES TARGET PRICE TO $28 FROM $27; 06/03/2018 – H&R BLOCK 3Q LOSS CONT OPS $1.16/SHR, EST. LOSS/SHR $1.19; 06/03/2018 – H&R Block 3Q Loss $245.6M; 11/05/2018 – H&R REAL ESTATE INVESTMENT TRUST-EXPECTS POSITIVE SAME ASSET PROPERTY OPERATING INCOME (CASH BASIS) GROWTH LED BY LANTOWER RESIDENTIAL IN 2018 & 2019; 12/03/2018 – IRS more likely to question returns than taxpayers think; 15/05/2018 – H&R GMBH & CO KGAA 2HR.DE – GUIDANCE FOR 2018 REAFFIRMED; 22/03/2018 – H&R REAL ESTATE INVESTMENT TRUST AND H&R FINANCE TRUST ANNOUNCE UNWINDING OF H&R FINANCE TRUST AND THE STAPLED UNIT STRUCTURE; 11/05/2018 – H&R REAL ESTATE INVESTMENT TRUST – “CONTINUES TO PURSUE SALES OF U.S. RETAIL AND REMAINING U.S. INDUSTRIAL PROPERTIES”

Beach Point Capital Management Lp, which manages about $8.09B and $447.15 million US Long portfolio, upped its stake in Visa Inc (NYSE:V) by 50,000 shares to 114,500 shares, valued at $13.70M in 2018Q1, according to the filing. It also increased its holding in Nrg Energy Inc (NYSE:NRG) by 35,000 shares in the quarter, for a total of 250,000 shares, and has risen its stake in Dowdupont Inc.

Another recent and important Liberty Global plc (NASDAQ:LBTYK) news was published by Seekingalpha.com which published an article titled: “Liberty Global’s (LBTYK) CEO Mike Fries on Q2 2018 – Earnings Call Transcript” on August 09, 2018.

Among 12 analysts covering H & R Block (NYSE:HRB), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. H & R Block had 37 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of H&R Block, Inc. (NYSE:HRB) has “Neutral” rating given on Tuesday, May 3 by Sterne Agee CRT. The rating was downgraded by BTIG Research to “Sell” on Monday, November 28. The stock has “Sell” rating by BTIG Research on Wednesday, July 19. As per Thursday, September 3, the company rating was maintained by Piper Jaffray. Morgan Stanley maintained H&R Block, Inc. (NYSE:HRB) rating on Wednesday, March 7. Morgan Stanley has “Equal-Weight” rating and $28 target. The stock of H&R Block, Inc. (NYSE:HRB) has “Hold” rating given on Tuesday, March 27 by Goldman Sachs. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, November 16. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, August 30. The firm has “Hold” rating given on Wednesday, June 14 by Oppenheimer. The stock has “Hold” rating by Oppenheimer on Tuesday, August 29.

Since June 22, 2018, it had 1 insider purchase, and 0 sales for $23,180 activity.

Investors sentiment decreased to 0.99 in Q1 2018. Its down 0.23, from 1.22 in 2017Q4. It fall, as 31 investors sold HRB shares while 130 reduced holdings. 45 funds opened positions while 115 raised stakes. 194.23 million shares or 3.44% less from 201.15 million shares in 2017Q4 were reported. 840 are held by Johnson Group Inc Inc. Artisan Ptnrs Ltd Partnership, a Wisconsin-based fund reported 2.81M shares. Todd Asset Mngmt Ltd Company, Kentucky-based fund reported 585,677 shares. Amalgamated Bank & Trust invested 0.03% of its portfolio in H&R Block, Inc. (NYSE:HRB). Tarbox Family Office holds 264 shares or 0% of its portfolio. Bank & Trust Of Nova Scotia accumulated 0% or 21,087 shares. Quantbot Technology LP owns 45,462 shares for 0.1% of their portfolio. Alps reported 32,869 shares. Bnp Paribas Arbitrage has 0% invested in H&R Block, Inc. (NYSE:HRB). Moreover, Savings Bank Of Montreal Can has 0.02% invested in H&R Block, Inc. (NYSE:HRB). The Texas-based Sta Wealth Mgmt Llc has invested 0.19% in H&R Block, Inc. (NYSE:HRB). Estabrook Cap Management accumulated 40 shares or 0% of the stock. 45,299 were accumulated by Fort Ltd Partnership. Andra Ap owns 417,300 shares for 0.27% of their portfolio. Kbc Grp Nv invested in 0.01% or 23,037 shares.

H&R Block, Inc. (NYSE:HRB) Institutional Positions Chart

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