Bank of New York Mellon Corp lessened its position in shares of Hardinge Inc. (NASDAQ:HDNG) by 27.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,978 shares of the industrial products company’s stock after selling 20,794 shares during the quarter. Bank of New York Mellon Corp owned 0.43% of Hardinge worth $855,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of HDNG. Rhumbline Advisers purchased a new stake in Hardinge during the 2nd quarter valued at about $147,000. Kennedy Capital Management Inc. purchased a new stake in Hardinge during the 2nd quarter valued at about $423,000. Teachers Advisors LLC grew its stake in Hardinge by 5.4% during the 2nd quarter. Teachers Advisors LLC now owns 21,745 shares of the industrial products company’s stock valued at $270,000 after purchasing an additional 1,107 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Hardinge by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 136,362 shares of the industrial products company’s stock valued at $1,694,000 after purchasing an additional 800 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Hardinge by 2.6% during the 2nd quarter. Northern Trust Corp now owns 140,526 shares of the industrial products company’s stock valued at $1,746,000 after purchasing an additional 3,575 shares during the last quarter. Institutional investors and hedge funds own 70.69% of the company’s stock.
Separately, ValuEngine cut Hardinge from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
Hardinge Inc. (NASDAQ HDNG) opened at $18.55 on Friday. The stock has a market capitalization of $240.18, a PE ratio of 37.86 and a beta of 0.92. Hardinge Inc. has a fifty-two week low of $9.51 and a fifty-two week high of $18.78.
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Hardinge Company Profile
Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines.
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