Harte Hanks (HHS) Reaches New 12-Month Low at $3.10

Harte Hanks Inc (NYSE:HHS) hit a new 52-week low on Tuesday . The company traded as low as $3.10 and last traded at $3.11, with a volume of 860 shares trading hands. The stock had previously closed at $3.16.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Harte Hanks from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 13th. Noble Financial restated a “buy” rating on shares of Harte Hanks in a research note on Thursday, November 8th. Finally, ValuEngine lowered shares of Harte Hanks from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th.

The company has a market cap of $20.33 million, a P/E ratio of -2.50 and a beta of 0.87.

Harte Hanks (NYSE:HHS) last posted its quarterly earnings data on Wednesday, November 7th. The business services provider reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.77) by ($0.24). The business had revenue of $63.59 million during the quarter, compared to analyst estimates of $67.20 million. Harte Hanks had a negative net margin of 4.27% and a negative return on equity of 2.70%. Equities analysts expect that Harte Hanks Inc will post -0.93 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Harte Hanks stock. Fondren Management LP raised its holdings in Harte Hanks Inc (NYSE:HHS) by 25.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 584,100 shares of the business services provider’s stock after purchasing an additional 119,300 shares during the quarter. Harte Hanks comprises approximately 5.0% of Fondren Management LP’s portfolio, making the stock its 5th largest holding. Fondren Management LP owned about 9.36% of Harte Hanks worth $6,484,000 as of its most recent SEC filing. 33.76% of the stock is owned by institutional investors and hedge funds.

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About Harte Hanks (NYSE:HHS)

Harte Hanks, Inc provides various multi-channel marketing services in the United States and internationally. The company provides agency and digital services, including search engine management, display, digital analytics, Website development and design, digital strategy, social media, email, e-commerce, and interactive relationship management services; and database marketing and business-to-business lead generation solutions that offer insight and analytics, customer data integration, and marketing communications tools.

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