HireRight Holdings Co. (NYSE:HRT) Shares Sold by Kestrel Investment Management Corp

Kestrel Investment Management Corp reduced its stake in HireRight Holdings Co. (NYSE:HRT) by 16.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,050 shares of the company’s stock after selling 32,700 shares during the period. Kestrel Investment Management Corp owned approximately 0.06% of HireRight worth $2,180,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of HireRight by 2.8% in the third quarter. Ameriprise Financial Inc. now owns 2,879,403 shares of the company’s stock valued at $27,383,000 after acquiring an additional 77,662 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in 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 buying an additional 6,363 shares in the last quarter. Jennison Associates LLC raised its stake in 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 buying an additional 193,081 shares in the last quarter. Vanguard Group Inc. raised its stake in HireRight by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,245,691 shares of the company’s stock valued at $19,009,000 after buying an additional 9,145 shares in the last quarter. Finally, BlackRock Inc. raised its stake in HireRight by 2.4% in the first quarter. BlackRock Inc. now owns 1,006,910 shares of the company’s stock valued at $17,218,000 after buying an additional 23,943 shares in the last quarter. 12.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HRT. Needham & Company LLC restated a “hold” rating on shares of HireRight in a research note on Friday, February 16th. StockNews.com began coverage on HireRight in a research note on Friday. They issued a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $12.50.

HireRight Stock Performance

Shares of HRT stock traded down $0.01 during mid-day trading on Friday, hitting $14.25. 403,155 shares of the stock were exchanged, compared to its average volume of 483,490. The stock’s fifty day simple moving average is $14.07 and its two-hundred day simple moving average is $12.58. The stock has a market capitalization of $40.17 million, a price-to-earnings ratio of -56.96 and a beta of 0.17. HireRight Holdings Co. has a 12-month low of $8.50 and a 12-month high of $14.38.

HireRight (NYSE:HRT) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $170.35 million.

About HireRight

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.