Tower Research Capital LLC TRC Cuts Stock Holdings in HireRight Holdings Co. (NYSE:HRT)

Tower Research Capital LLC TRC decreased its holdings in shares of HireRight Holdings Co. (NYSE:HRT) by 70.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,029 shares of the company’s stock after selling 7,151 shares during the quarter. Tower Research Capital LLC TRC’s holdings in HireRight were worth $41,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. New York State Common Retirement Fund grew its holdings in shares of HireRight by 328.5% during the fourth quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock worth $69,000 after purchasing an additional 3,929 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of HireRight by 2.8% during the third quarter. Bank of New York Mellon Corp now owns 167,841 shares of the company’s stock worth $1,596,000 after purchasing an additional 4,548 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of HireRight by 0.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock worth $20,260,000 after purchasing an additional 6,363 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of HireRight during the fourth quarter worth about $106,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of HireRight by 57.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,747 shares of the company’s stock worth $321,000 after purchasing an additional 12,273 shares in the last quarter. Hedge funds and other institutional investors own 12.49% of the company’s stock.

HireRight Stock Performance

HRT traded up $0.02 during midday trading on Thursday, hitting $14.32. The stock had a trading volume of 268,391 shares, compared to its average volume of 450,413. The company has a market cap of $40.38 million, a P/E ratio of -57.28 and a beta of 0.17. The business has a fifty day moving average of $14.24 and a 200 day moving average of $12.85. HireRight Holdings Co. has a 1 year low of $8.50 and a 1 year high of $14.38.

HireRight (NYSE:HRT) last issued its earnings results on Tuesday, March 12th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $166.04 million during the quarter, compared to analysts’ expectations of $170.35 million.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com started coverage on HireRight in a report on Saturday, April 27th. They set a “hold” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of HireRight in a research note on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, HireRight presently has an average rating of “Hold” and a consensus target price of $12.50.

HireRight Company Profile

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. It offers background screening, verification, identification, monitoring, and drug and health screening services for customers under the HireRight brand name. The company provides its services through software and data platform that integrates into its customers' human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.