Alambic Investment Management L.P. increased its stake in shares of Harsco Co. (NYSE:HSC) by 10.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,965 shares of the industrial products company’s stock after purchasing an additional 6,700 shares during the quarter. Alambic Investment Management L.P. owned 0.09% of Harsco worth $1,286,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of HSC. Flinton Capital Management LLC lifted its holdings in shares of Harsco by 71.9% during the second quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 2,716 shares during the period. Amalgamated Bank lifted its holdings in shares of Harsco by 5.8% during the second quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 634 shares during the period. FDx Advisors Inc. acquired a new stake in shares of Harsco during the third quarter worth $222,000. Emerald Advisers Inc. PA acquired a new stake in shares of Harsco during the third quarter worth $229,000. Finally, First Quadrant L P CA acquired a new stake in shares of Harsco during the third quarter worth $263,000. 82.64% of the stock is owned by hedge funds and other institutional investors.
HSC has been the subject of several recent research reports. ValuEngine downgraded Harsco from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded Harsco from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, January 23rd. Finally, Argus increased their price objective on Harsco to $24.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $21.00.
Harsco Co. (NYSE:HSC) opened at $16.30 on Wednesday. The stock has a market capitalization of $1,319.29, a price-to-earnings ratio of 52.58 and a beta of 2.95. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83. Harsco Co. has a 52-week low of $11.40 and a 52-week high of $22.00.
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Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.
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