HireRight Holdings Co. (NYSE:HRT) Stock Position Cut by Jennison Associates LLC

Jennison Associates LLC lessened its stake in HireRight Holdings Co. (NYSE:HRT) by 4.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,510,826 shares of the company’s stock after selling 65,773 shares during the quarter. Jennison Associates LLC owned about 0.54% of HireRight worth $20,321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in HireRight in the 4th quarter valued at about $174,000. SG Americas Securities LLC acquired a new stake in HireRight in the 4th quarter valued at about $106,000. Public Employees Retirement System of Ohio acquired a new stake in HireRight in the 3rd quarter valued at about $222,000. Jacobs Levy Equity Management Inc. lifted its holdings in HireRight by 37.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,620 shares of the company’s stock valued at $3,287,000 after acquiring an additional 94,531 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP lifted its holdings in HireRight by 106.2% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 459,607 shares of the company’s stock valued at $4,371,000 after acquiring an additional 236,675 shares during the last quarter. Institutional investors own 12.49% of the company’s stock.

HireRight Price Performance

NYSE HRT opened at $14.30 on Friday. The company has a 50 day simple moving average of $14.23 and a 200-day simple moving average of $12.72. The firm has a market capitalization of $40.31 million, a price-to-earnings ratio of -57.18 and a beta of 0.17. HireRight Holdings Co. has a 52-week low of $8.50 and a 52-week high of $14.38.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on HRT shares. StockNews.com began coverage on shares of HireRight in a report on Friday, April 19th. They issued a “hold” rating for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of HireRight in a research note on Friday, February 16th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.50.

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.