Heidrick & Struggles International, Inc. (NASDAQ:HSII) Sees Significant Drop in Short Interest

Heidrick & Struggles International, Inc. (NASDAQ:HSII) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 225,500 shares, a drop of 38.5% from the June 15th total of 366,400 shares. Based on an average daily volume of 161,200 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.2% of the shares of the company are short sold.

Shares of HSII stock traded up $0.05 during midday trading on Friday, reaching $21.09. 52,336 shares of the company were exchanged, compared to its average volume of 133,502. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.14 and a current ratio of 2.14. The company’s 50 day moving average price is $21.59 and its two-hundred day moving average price is $25.05. Heidrick & Struggles International has a 12 month low of $17.99 and a 12 month high of $33.21. The company has a market cap of $406.51 million, a P/E ratio of 9.50, a PEG ratio of 2.60 and a beta of 1.06.

Heidrick & Struggles International (NASDAQ:HSII) last released its earnings results on Monday, April 27th. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.11). Heidrick & Struggles International had a return on equity of 15.64% and a net margin of 6.00%. The business had revenue of $171.48 million during the quarter, compared to the consensus estimate of $167.60 million. As a group, sell-side analysts predict that Heidrick & Struggles International will post 0.81 earnings per share for the current year.

Several brokerages recently weighed in on HSII. Zacks Investment Research downgraded shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Tuesday, June 30th. BidaskClub upgraded shares of Heidrick & Struggles International from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Barrington Research downgraded shares of Heidrick & Struggles International from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 29th. Credit Suisse Group boosted their price target on shares of Heidrick & Struggles International from $18.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Finally, SunTrust Banks dropped their price target on shares of Heidrick & Struggles International from $28.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, April 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of Heidrick & Struggles International by 21.1% in the 1st quarter. State Street Corp now owns 690,156 shares of the business services provider’s stock worth $15,529,000 after purchasing an additional 120,049 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Heidrick & Struggles International by 409.0% in the 1st quarter. Royal Bank of Canada now owns 7,666 shares of the business services provider’s stock worth $172,000 after purchasing an additional 6,160 shares in the last quarter. Morgan Stanley raised its holdings in shares of Heidrick & Struggles International by 4.0% in the 1st quarter. Morgan Stanley now owns 321,180 shares of the business services provider’s stock worth $7,227,000 after purchasing an additional 12,406 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Heidrick & Struggles International by 39.5% in the 1st quarter. Invesco Ltd. now owns 89,915 shares of the business services provider’s stock worth $2,024,000 after purchasing an additional 25,450 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Heidrick & Struggles International by 5.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 16,066 shares of the business services provider’s stock worth $361,000 after purchasing an additional 802 shares in the last quarter. Institutional investors and hedge funds own 91.91% of the company’s stock.

About Heidrick & Struggles International

Heidrick & Struggles International, Inc, together with its subsidiaries, provides executive search and consulting services 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 development of senior executives.

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