Alpine Partners VI LLC acquired a new position in shares of Harte-Hanks Inc. (NYSE:HHS) during the second quarter, Holdings Channel reports. The fund acquired 62,899 shares of the company’s stock, valued at approximately $100,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spark Investment Management LLC bought a new position in Harte-Hanks during the second quarter worth approximately $180,000. Principal Financial Group Inc. boosted its position in Harte-Hanks by 3.1% in the second quarter. Principal Financial Group Inc. now owns 333,002 shares of the company’s stock worth $529,000 after buying an additional 10,007 shares during the last quarter. Nationwide Fund Advisors boosted its position in Harte-Hanks by 51.1% in the second quarter. Nationwide Fund Advisors now owns 87,864 shares of the company’s stock worth $140,000 after buying an additional 29,713 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Harte-Hanks by 4.2% in the second quarter. Ameriprise Financial Inc. now owns 225,560 shares of the company’s stock worth $359,000 after buying an additional 9,085 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Harte-Hanks by 28.2% in the second quarter. Royce & Associates LP now owns 803,400 shares of the company’s stock worth $1,277,000 after buying an additional 176,830 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.
Shares of Harte-Hanks Inc. (NYSE:HHS) opened at 1.65 on Monday. The firm’s 50 day moving average is $1.62 and its 200 day moving average is $1.75. Harte-Hanks Inc. has a 52-week low of $0.85 and a 52-week high of $4.35. The stock’s market capitalization is $101.49 million.
Harte-Hanks (NYSE:HHS) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The business had revenue of $97.30 million for the quarter, compared to analyst estimates of $116.25 million. Harte-Hanks had a positive return on equity of 1.11% and a negative net margin of 38.76%. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share. Equities analysts expect that Harte-Hanks Inc. will post ($0.02) earnings per share for the current year.
HHS has been the subject of a number of research reports. Zacks Investment Research raised shares of Harte-Hanks from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 29th. Singular Research lowered their price objective on shares of Harte-Hanks from $4.50 to $3.80 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Harte-Hanks in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $3.70.
Harte Hanks, Inc is a multi-channel marketing company. The Company operates through two segments, which include Customer Interaction and Trillium Software. The Customer Interaction segment provides a range of integrated, multi-channel, data-driven solutions for a range of brands around the globe. The Trillium Software segment is engaged in providing enterprise data quality solutions.
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