Kestrel Investment Management Corp Sells 32,700 Shares of HireRight Holdings Co. (NYSE:HRT)

Kestrel Investment Management Corp decreased its position in HireRight Holdings Co. (NYSE:HRT) by 16.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 162,050 shares of the company’s stock after selling 32,700 shares during the quarter. Kestrel Investment Management Corp owned approximately 5.75% of HireRight worth $2,180,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ensign Peak Advisors Inc bought a new position in shares of HireRight in the third quarter worth about $35,000. Citigroup Inc. raised its stake in shares of HireRight by 727.5% in the second quarter. Citigroup Inc. now owns 4,957 shares of the company’s stock worth $56,000 after buying an additional 4,358 shares during the period. State of Wyoming bought a new position in shares of HireRight in the fourth quarter worth about $72,000. Tower Research Capital LLC TRC raised its stake in shares of HireRight by 472.6% in the third quarter. Tower Research Capital LLC TRC now owns 10,180 shares of the company’s stock worth $97,000 after buying an additional 8,402 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of HireRight by 20.8% in the second quarter. Wells Fargo & Company MN now owns 8,736 shares of the company’s stock worth $99,000 after buying an additional 1,503 shares during the period. Institutional investors own 12.49% of the company’s stock.

Wall Street Analyst Weigh In

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

HireRight Stock Down 0.0 %

NYSE HRT traded down $0.01 during trading on Friday, hitting $14.25. 403,155 shares of the stock traded hands, compared to its average volume of 483,490. The company has a market capitalization of $40.17 million, a P/E ratio of -56.96 and a beta of 0.17. The firm has a 50-day simple moving average of $14.07 and a 200-day simple moving average of $12.58. HireRight Holdings Co. has a 12-month low of $8.50 and a 12-month high of $14.38.

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

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.