Russell Investments Group Ltd. Sells 58,225 Shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Russell Investments Group Ltd. lessened its position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 29.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,575 shares of the business services provider’s stock after selling 58,225 shares during the quarter. Russell Investments Group Ltd. owned about 0.74% of Heidrick & Struggles International worth $4,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HSII. SG Americas Securities LLC increased its holdings in shares of Heidrick & Struggles International by 63.0% in the second quarter. SG Americas Securities LLC now owns 5,292 shares of the business services provider’s stock valued at $185,000 after purchasing an additional 2,045 shares during the last quarter. EAM Global Investors LLC purchased a new position in Heidrick & Struggles International in the second quarter worth approximately $1,035,000. EAM Investors LLC purchased a new position in Heidrick & Struggles International in the second quarter worth approximately $821,000. Robeco Institutional Asset Management B.V. purchased a new position in Heidrick & Struggles International in the second quarter worth approximately $247,000. Finally, KBC Group NV grew its position in Heidrick & Struggles International by 46.4% in the second quarter. KBC Group NV now owns 46,024 shares of the business services provider’s stock worth $1,611,000 after acquiring an additional 14,578 shares during the period. Institutional investors and hedge funds own 89.70% of the company’s stock.

Several research analysts recently weighed in on the company. Zacks Investment Research lowered Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. TheStreet lowered Heidrick & Struggles International from a “b-” rating to a “c+” rating in a research report on Friday, September 28th. ValuEngine lowered Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. BidaskClub lowered Heidrick & Struggles International from a “sell” rating to a “strong sell” rating in a research report on Monday, September 17th. Finally, Credit Suisse Group assumed coverage on Heidrick & Struggles International in a research report on Friday, August 10th. They issued a “neutral” rating and a $40.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $41.75.

Shares of HSII traded down $0.19 during midday trading on Monday, hitting $31.01. 102,200 shares of the stock were exchanged, compared to its average volume of 145,973. Heidrick & Struggles International, Inc. has a 52-week low of $20.55 and a 52-week high of $45.28. The firm has a market cap of $641.75 million, a P/E ratio of 28.80, a P/E/G ratio of 1.25 and a beta of 1.65.

Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings results on Monday, July 30th. The business services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.45 by $0.14. Heidrick & Struggles International had a positive return on equity of 13.98% and a negative net margin of 1.36%. The business had revenue of $183.06 million during the quarter, compared to analyst estimates of $164.31 million. Research analysts expect that Heidrick & Struggles International, Inc. will post 2.01 earnings per share for the current year.

Heidrick & Struggles International Company Profile

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search, culture shaping, and leadership consulting services on a retained basis to businesses and business leaders in the Americas, Europe, the Asia Pacific, and internationally. The company enables its clients to build leadership teams by facilitating the recruitment, management, and deployment of senior executives.

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Institutional Ownership by Quarter for Heidrick & Struggles International (NASDAQ:HSII)

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