New Century Advisors buys $3,183,168 stake in HP Inc (HPQ)

HP Inc (HPQ) : New Century Advisors scooped up 50,000 additional shares in HP Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 224,800 shares of HP Inc which is valued at $3,183,168.HP Inc makes up approximately 4.25% of New Century Advisors’s portfolio.

Other Hedge Funds, Including , Carroll Financial Associates reduced its stake in HPQ by selling 400 shares or 25.48% in the most recent quarter. The Hedge Fund company now holds 1,170 shares of HPQ which is valued at $16,567.Eqis Capital Management boosted its stake in HPQ in the latest quarter, The investment management firm added 2,274 additional shares and now holds a total of 16,236 shares of HP Inc which is valued at $226,330. HP Inc makes up approx 0.01% of Eqis Capital Management’s portfolio.Benjamin F. Edwards Company reduced its stake in HPQ by selling 2,077 shares or 14.64% in the most recent quarter. The Hedge Fund company now holds 12,107 shares of HPQ which is valued at $167,198. HP Inc makes up approx 0.03% of Benjamin F. Edwards Company’s portfolio.Alpha Windward reduced its stake in HPQ by selling 2,263 shares or 36.38% in the most recent quarter. The Hedge Fund company now holds 3,957 shares of HPQ which is valued at $51,758. HP Inc makes up approx 0.04% of Alpha Windward’s portfolio.

HP Inc opened for trading at $14.15 and hit $14.25 on the upside on Wednesday, eventually ending the session at $14.16, with a gain of 0.78% or 0.11 points. The heightened volatility saw the trading volume jump to 1,72,22,703 shares. Company has a market cap of $24,222 M.

On the company’s financial health, HP Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 25, 2016. Analyst had a consensus of $0.38. The company had revenue of $11588.00 million for the quarter, compared to analysts expectations of $11708.63 million. The company’s revenue was down -10.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.87 EPS.

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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