Assenagon Asset Management S.A. Makes New $2.33 Million Investment in Heidrick & Struggles International, Inc. (NASDAQ:HSII)

Assenagon Asset Management S.A. purchased a new position in shares of Heidrick & Struggles International, Inc. (NASDAQ:HSII) during the third quarter, Holdings Channel reports. The firm purchased 85,363 shares of the business services provider’s stock, valued at approximately $2,330,000.

Other hedge funds have also modified their holdings of the company. Point72 Hong Kong Ltd boosted its position in Heidrick & Struggles International by 1,019.8% during the second quarter. Point72 Hong Kong Ltd now owns 1,355 shares of the business services provider’s stock worth $41,000 after purchasing an additional 1,234 shares in the last quarter. Bank of Montreal Can boosted its position in Heidrick & Struggles International by 250.8% during the second quarter. Bank of Montreal Can now owns 2,231 shares of the business services provider’s stock worth $67,000 after purchasing an additional 1,595 shares in the last quarter. Quantamental Technologies LLC boosted its position in Heidrick & Struggles International by 38.3% during the second quarter. Quantamental Technologies LLC now owns 2,506 shares of the business services provider’s stock worth $75,000 after purchasing an additional 694 shares in the last quarter. Marshall Wace North America L.P. boosted its position in Heidrick & Struggles International by 1,927.7% during the first quarter. Marshall Wace North America L.P. now owns 3,224 shares of the business services provider’s stock worth $124,000 after purchasing an additional 3,065 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in Heidrick & Struggles International during the second quarter worth approximately $194,000. Institutional investors own 92.90% of the company’s stock.

Separately, Zacks Investment Research downgraded Heidrick & Struggles International from a “buy” rating to a “hold” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.33.

Shares of HSII stock opened at $26.88 on Friday. The company has a market capitalization of $518.28 million, a P/E ratio of 10.67, a P/E/G ratio of 1.03 and a beta of 1.33. The business’s 50 day moving average is $26.76 and its two-hundred day moving average is $31.11. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. Heidrick & Struggles International, Inc. has a 12-month low of $25.07 and a 12-month high of $44.66.

Heidrick & Struggles International (NASDAQ:HSII) last released its earnings results on Monday, July 29th. The business services provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. The business had revenue of $173.12 million for the quarter, compared to the consensus estimate of $177.92 million. Heidrick & Struggles International had a return on equity of 19.96% and a net margin of 7.32%. During the same quarter last year, the business posted $0.59 earnings per share. On average, research analysts predict that Heidrick & Struggles International, Inc. will post 2.62 earnings per share for the current fiscal year.

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

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