LGT Capital Partners LTD. Sells 271,463 Shares of HireRight Holdings Co. (NYSE:HRT)

LGT Capital Partners LTD. reduced its holdings in shares of HireRight Holdings Co. (NYSE:HRT) by 46.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 313,055 shares of the company’s stock after selling 271,463 shares during the quarter. LGT Capital Partners LTD. owned about 0.11% of HireRight worth $4,211,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Blair William & Co. IL lifted its holdings in HireRight by 234.9% during the 1st quarter. Blair William & Co. IL now owns 347,435 shares of the company’s stock worth $5,941,000 after purchasing an additional 243,690 shares in the last quarter. Advantage Alpha Capital Partners LP increased its holdings in shares of HireRight by 106.2% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock worth $4,371,000 after buying an additional 236,675 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in HireRight during the second quarter valued at about $2,577,000. Deutsche Bank AG lifted its stake in HireRight by 2,006.5% during the fourth quarter. Deutsche Bank AG now owns 215,154 shares of the company’s stock worth $2,552,000 after purchasing an additional 204,940 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of HireRight by 14.0% during the 3rd quarter. Jennison Associates LLC now owns 1,576,599 shares of the company’s stock valued at $14,993,000 after purchasing an additional 193,081 shares during the last quarter. 12.49% of the stock is currently owned by hedge funds and other institutional investors.

HireRight Stock Performance

Shares of HireRight stock opened at $14.27 on Friday. The company has a 50-day simple moving average of $13.58 and a two-hundred day simple moving average of $12.07. HireRight Holdings Co. has a 52-week low of $8.50 and a 52-week high of $14.35. The stock has a market capitalization of $40.23 million, a PE ratio of -57.06 and a beta of 0.17.

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

Wall Street Analyst Weigh In

HRT has been the subject of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of HireRight in a report on Friday, February 16th. William Blair downgraded HireRight from an “outperform” rating to a “market perform” rating in a report on Monday, December 11th. Finally, StockNews.com initiated coverage on shares of HireRight in a research report on Tuesday. They issued a “hold” rating for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, HireRight has an average rating of “Hold” and an average target price of $12.50.

HireRight 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.