Russell Investments Group Ltd. Sells 52,942 Shares of Heidrick & Struggles International, Inc. (HSII)

Russell Investments Group Ltd. cut its holdings in Heidrick & Struggles International, Inc. (NASDAQ:HSII) by 37.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,633 shares of the business services provider’s stock after selling 52,942 shares during the quarter. Russell Investments Group Ltd.’s holdings in Heidrick & Struggles International were worth $2,932,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in Heidrick & Struggles International during the 2nd quarter valued at about $149,000. Piedmont Investment Advisors LLC purchased a new stake in Heidrick & Struggles International during the 2nd quarter valued at about $154,000. Tower Research Capital LLC TRC grew its position in Heidrick & Struggles International by 567.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,921 shares of the business services provider’s stock valued at $172,000 after purchasing an additional 4,184 shares during the last quarter. SG Americas Securities LLC grew its position in Heidrick & Struggles International by 63.0% during the 2nd 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. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Heidrick & Struggles International during the 2nd quarter valued at about $247,000. 88.62% of the stock is currently owned by hedge funds and other institutional investors.

HSII opened at $36.66 on Friday. The stock has a market cap of $664.50 million, a price-to-earnings ratio of 16.53, a P/E/G ratio of 1.09 and a beta of 1.51. Heidrick & Struggles International, Inc. has a 52-week low of $20.95 and a 52-week high of $45.28.

Heidrick & Struggles International (NASDAQ:HSII) last posted its earnings results on Monday, October 29th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.37. The business had revenue of $192.34 million for the quarter, compared to analysts’ expectations of $175.81 million. Heidrick & Struggles International had a negative net margin of 0.15% and a positive return on equity of 17.49%. On average, equities research analysts forecast that Heidrick & Struggles International, Inc. will post 2.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 9th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.42%. The ex-dividend date was Thursday, November 8th. Heidrick & Struggles International’s dividend payout ratio is currently 47.71%.

HSII has been the topic of several recent analyst reports. ValuEngine raised shares of Heidrick & Struggles International from a “hold” rating to a “buy” rating in a research report on Wednesday, October 31st. Credit Suisse Group started coverage on shares of Heidrick & Struggles International in a research note on Friday, August 10th. They set a “neutral” rating and a $40.00 target price on the stock. Zacks Investment Research cut shares of Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. TheStreet cut shares of Heidrick & Struggles International from a “b-” rating to a “c+” rating in a research note on Friday, September 28th. Finally, Barrington Research set a $45.00 target price on shares of Heidrick & Struggles International and gave the company a “buy” rating in a research note on Monday, November 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $40.50.

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About Heidrick & Struggles International

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.

Read More: Hedge Funds

Want to see what other hedge funds are holding HSII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Heidrick & Struggles International, Inc. (NASDAQ:HSII).

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

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