Harte-Hanks, Inc. (NYSE:HHS) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Thursday.

Several other brokerages have also recently issued reports on HHS. Noble Financial cut shares of Harte-Hanks from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. Zacks Investment Research cut shares of Harte-Hanks from a “hold” rating to a “sell” rating in a research note on Wednesday.

Harte-Hanks (NYSE:HHS) remained flat at $0.97 during mid-day trading on Thursday. 83,897 shares of the company’s stock traded hands. Harte-Hanks has a one year low of $0.95 and a one year high of $1.98. The company’s 50-day moving average price is $1.26 and its 200 day moving average price is $1.43. The company’s market capitalization is $59.80 million.

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Institutional investors have recently made changes to their positions in the stock. VIEX Capital Advisors LLC boosted its position in shares of 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 in the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 in the last quarter. Vanguard Group Inc. boosted its position in shares of Harte-Hanks by 4.4% in the first quarter. Vanguard Group Inc. now owns 864,000 shares of the business services provider’s stock valued at $1,209,000 after buying an additional 36,608 shares in the last quarter. Norges Bank purchased a new position in shares of Harte-Hanks during the fourth quarter valued at about $405,000. Finally, Kennedy Capital Management Inc. purchased a new position in shares of Harte-Hanks during the first quarter valued at about $225,000. 38.09% of the stock is currently owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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