Federated Hermes Inc. Reduces Stock Position in HireRight Holdings Co. (NYSE:HRT)

Federated Hermes Inc. decreased its holdings in HireRight Holdings Co. (NYSE:HRT) by 54.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,735 shares of the company’s stock after selling 11,680 shares during the quarter. Federated Hermes Inc.’s holdings in HireRight were worth $131,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HRT. Advantage Alpha Capital Partners LP increased its holdings in HireRight by 106.2% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock worth $4,371,000 after purchasing an additional 236,675 shares during the period. Jennison Associates LLC raised its holdings in shares of HireRight by 14.0% in the third quarter. Jennison Associates LLC now owns 1,576,599 shares of the company’s stock valued at $14,993,000 after acquiring an additional 193,081 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in HireRight by 37.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 345,620 shares of the company’s stock worth $3,287,000 after acquiring an additional 94,531 shares during the period. Public Employees Retirement System of Ohio bought a new position in HireRight during the 3rd quarter worth about $222,000. Finally, FNY Investment Advisers LLC purchased a new position in HireRight during the 4th quarter valued at about $174,000. 12.49% of the stock is currently owned by institutional investors.

HireRight Stock Up 0.1 %

Shares of HireRight stock opened at $14.35 on Tuesday. HireRight Holdings Co. has a 52-week low of $8.50 and a 52-week high of $14.38. The firm’s 50 day moving average price is $14.25 and its 200-day moving average price is $12.95. The company has a market cap of $40.47 million, a P/E ratio of -57.40 and a beta of 0.17.

HireRight (NYSE:HRT) last released its quarterly 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.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of HireRight in a research note on Sunday. They set a “hold” rating on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of HireRight in a research report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, HireRight currently has an average rating of “Hold” and an average price target 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.