Tower Research Capital LLC TRC Sells 7,151 Shares of HireRight Holdings Co. (NYSE:HRT)

Tower Research Capital LLC TRC reduced its position in shares of HireRight Holdings Co. (NYSE:HRT) by 70.2% during 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 owned 0.11% of HireRight worth $41,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its holdings in shares of HireRight by 328.5% in the fourth quarter. New York State Common Retirement Fund now owns 5,125 shares of the company’s stock valued at $69,000 after purchasing an additional 3,929 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of HireRight by 2.8% in the third quarter. Bank of New York Mellon Corp now owns 167,841 shares of the company’s stock valued at $1,596,000 after purchasing an additional 4,548 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of HireRight by 0.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,130,394 shares of the company’s stock valued at $20,260,000 after purchasing an additional 6,363 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of HireRight in the fourth quarter valued at $106,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of HireRight by 57.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 33,747 shares of the company’s stock valued at $321,000 after acquiring an additional 12,273 shares in the last quarter. 12.49% of the stock is owned by institutional investors.

HireRight Stock Up 0.1 %

Shares of HRT stock traded up $0.02 on Thursday, reaching $14.32. The company had a trading volume of 268,391 shares, compared to its average volume of 450,413. The stock has a market capitalization of $40.38 million, a PE ratio of -57.28 and a beta of 0.17. HireRight Holdings Co. has a one year low of $8.50 and a one year high of $14.38. The business’s 50-day moving average is $14.24 and its 200 day moving average is $12.85.

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

Wall Street Analyst Weigh In

HRT has been the topic of several research reports. Needham & Company LLC restated a “hold” rating on shares of HireRight in a research note on Friday, February 16th. StockNews.com began coverage on shares of HireRight in a research note on Saturday, April 27th. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.