Harte-Hanks, Inc. (HHS) Sets New 12-Month Low at $0.92

Harte-Hanks, Inc. (NYSE:HHS) reached a new 52-week low during trading on Monday . The company traded as low as $0.92 and last traded at $0.92, with a volume of 25,586 shares trading hands. The stock had previously closed at $0.93.

A number of equities research analysts have recently commented on the company. Noble Financial restated a “hold” rating on shares of Harte-Hanks in a research report on Friday. Zacks Investment Research raised shares of Harte-Hanks from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, ValuEngine lowered shares of Harte-Hanks from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th.

The company has a 50-day moving average price of $0.95 and a 200 day moving average price of $1.26. The stock’s market capitalization is $54.46 million.

Harte-Hanks (NYSE:HHS) last posted its quarterly earnings results on Wednesday, August 16th. The business services provider reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.05. Harte-Hanks had a negative return on equity of 134.33% and a negative net margin of 60.27%. The business had revenue of $94.89 million during the quarter. Analysts expect that Harte-Hanks, Inc. will post ($0.07) EPS for the current year.

Several institutional investors have recently made changes to their positions in HHS. Northern Trust Corp increased its position in Harte-Hanks by 1.7% in the second quarter. Northern Trust Corp now owns 137,956 shares of the business services provider’s stock valued at $142,000 after buying an additional 2,278 shares during the period. Kennedy Capital Management Inc. purchased a new position in Harte-Hanks during the first quarter valued at $225,000. Norges Bank purchased a new position in Harte-Hanks during the fourth quarter valued at $405,000. Renaissance Technologies LLC increased its position in Harte-Hanks by 5.5% in the first quarter. Renaissance Technologies LLC now owns 1,563,100 shares of the business services provider’s stock valued at $2,188,000 after buying an additional 81,200 shares during the period. Finally, VIEX Capital Advisors LLC increased its position in Harte-Hanks by 10.2% in the first quarter. VIEX Capital Advisors LLC now owns 1,669,828 shares of the business services provider’s stock valued at $2,337,000 after buying an additional 154,808 shares during the period. 35.55% of the stock is currently owned by institutional investors.

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About Harte-Hanks

Harte Hanks, Inc (Harte Hanks) is a multi-channel marketing company. The Company’s Customer Interaction business offers a range of marketing services, in media from direct mail to e-mail, including agency and digital services; database marketing solutions and business-to-business lead generation; direct mail, and contact centers.

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