Highbridge Capital Management LLC acquired a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,346 shares of the business services provider’s stock, valued at approximately $282,000. Highbridge Capital Management LLC owned 0.07% of Heidrick & Struggles International as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in Heidrick & Struggles International by 49.8% in the second quarter. BNP Paribas Arbitrage SA now owns 7,449 shares of the business services provider’s stock worth $162,000 after purchasing an additional 2,477 shares during the period. PNC Financial Services Group Inc. grew its holdings in Heidrick & Struggles International by 22.3% in the second quarter. PNC Financial Services Group Inc. now owns 8,763 shares of the business services provider’s stock worth $192,000 after purchasing an additional 1,599 shares during the period. Citadel Advisors LLC acquired a new stake in Heidrick & Struggles International in the second quarter worth $204,000. AXA acquired a new stake in Heidrick & Struggles International in the second quarter worth $237,000. Finally, Alliancebernstein L.P. grew its holdings in Heidrick & Struggles International by 7.1% in the second quarter. Alliancebernstein L.P. now owns 12,000 shares of the business services provider’s stock worth $261,000 after purchasing an additional 800 shares during the period. Institutional investors own 82.77% of the company’s stock.
A number of equities research analysts have commented on HSII shares. Zacks Investment Research upgraded shares of Heidrick & Struggles International from a “hold” rating to a “strong-buy” rating and set a $28.00 price target for the company in a report on Monday, October 30th. SunTrust Banks restated a “hold” rating and issued a $23.00 price target on shares of Heidrick & Struggles International in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $25.33.
Heidrick & Struggles International (NASDAQ:HSII) last released its quarterly earnings data on Thursday, October 26th. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Heidrick & Struggles International had a negative net margin of 1.42% and a positive return on equity of 8.85%. The firm had revenue of $159.80 million for the quarter, compared to analyst estimates of $152.78 million. During the same period last year, the firm earned $0.37 earnings per share. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. research analysts expect that Heidrick & Struggles International, Inc. will post 1.29 EPS for the current year.
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Heidrick & Struggles International Profile
Heidrick & Struggles International, Inc is an advisory firm providing executive search, leadership consulting and culture shaping services to businesses and business leaders around the world. Its segments include Executive Search, Leadership Consulting and Culture Shaping. It operates its executive search services in three geographic regions: the Americas (which includes the countries in North and South America); Europe (which includes the continents of Europe and Africa), and Asia Pacific (which includes Asia and the region generally known as the Middle East).
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