Is H&R Block, Inc. (NYSE:HRB
) a buy?
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Equally as useful, bullish insider trading sentiment is a second way to analyze the marketplace. Just as you'd expect, there are a variety of stimuli for a bullish insider to drop shares of his or her company, but just one, very obvious reason why they would behave bullishly. Various empirical studies have demonstrated the useful potential of this tactic if you understand where to look (learn more here
What's more, we're going to discuss the latest info for H&R Block, Inc. (NYSE:HRB
What have hedge funds been doing with H&R Block, Inc. (NYSE:HRB)?
Heading into Q3, a total of 37 of the hedge funds we track held long positions in this stock, a change of 9% from one quarter earlier. With hedgies' capital changing hands, there exists a select group of noteworthy hedge fund managers who were increasing their holdings substantially.
Out of the hedge funds we follow, Viking Global, managed by Andreas Halvorsen, holds the biggest position in H&R Block, Inc. (NYSE:HRB). Viking Global has a $610.4 million position in the stock, comprising 3.4% of its 13F portfolio. Sitting at the No. 2 spot is Lone Pine Capital, managed by Stephen Mandel, which held a $211.9 million position; 1% of its 13F portfolio is allocated to the stock. Other hedge funds that are bullish include John Lykouretzos's Hoplite Capital Management, Matt McLennan's First Eagle Investment Management and David Goel and Paul Ferri's Matrix Capital Management.
As industrywide interest increased, certain bigger names were leading the bulls' herd. Viking Global
, managed by Andreas Halvorsen, assembled the most outsized position in H&R Block, Inc. (NYSE:HRB). Viking Global had 610.4 million invested in the company at the end of the quarter. Stephen Mandel's Lone Pine Capital
also initiated a $211.9 million position during the quarter. The following funds were also among the new HRB investors: John Lykouretzos's Hoplite Capital Management
, Matt McLennan's First Eagle Investment Management
, and David Goel and Paul Ferri's Matrix Capital Management
Insider trading activity in H&R Block, Inc. (NYSE:HRB)
Legal insider trading, particularly when it's bullish, is most useful when the primary stock in question has seen transactions within the past six months. Over the latest 180-day time frame, H&R Block, Inc. (NYSE:HRB) has experienced zero unique insiders purchasing, and 1 insider sales (see the details of insider trades here
We'll also examine the relationship between both of these indicators in other stocks similar to H&R Block, Inc. (NYSE:HRB). These stocks are VCA Antech Inc (NASDAQ:WOOF
), Bright Horizons Family Solutions Inc (NYSE:BFAM
), Weight Watchers International, Inc. (NYSE:WTW
), Service Corporation International (NYSE:SCI
), and Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA
). This group of stocks are the members of the personal services industry and their market caps match HRB's market cap.