BidaskClub upgraded shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a hold rating in a research report report published on Friday.
Separately, ValuEngine cut shares of Hurco Companies from a buy rating to a hold rating in a report on Wednesday, May 2nd.
Shares of NASDAQ:HURC opened at $47.00 on Friday. The company has a market capitalization of $314.56 million, a P/E ratio of 15.77 and a beta of 0.37. Hurco Companies has a fifty-two week low of $27.74 and a fifty-two week high of $50.33.
Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, March 9th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. The firm had revenue of $68.44 million for the quarter. Hurco Companies had a net margin of 6.52% and a return on equity of 10.01%.
In other Hurco Companies news, Director Andrew Sheeley Niner sold 9,071 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The shares were sold at an average price of $45.38, for a total transaction of $411,641.98. Following the sale, the director now owns 9,683 shares of the company’s stock, valued at $439,414.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 19,836 shares of company stock worth $902,142. 7.90% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. AXA acquired a new stake in Hurco Companies during the fourth quarter worth approximately $633,000. Cigna Investments Inc. New raised its holdings in Hurco Companies by 35.0% during the fourth quarter. Cigna Investments Inc. New now owns 6,650 shares of the scientific and technical instruments company’s stock worth $281,000 after purchasing an additional 1,724 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Hurco Companies by 17.0% in the 4th quarter. Martingale Asset Management L P now owns 57,123 shares of the scientific and technical instruments company’s stock valued at $2,411,000 after acquiring an additional 8,304 shares during the period. Unison Advisors LLC acquired a new position in shares of Hurco Companies in the 4th quarter valued at $407,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Hurco Companies by 31.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 11,300 shares of the scientific and technical instruments company’s stock valued at $477,000 after acquiring an additional 2,700 shares during the period. 82.03% of the stock is currently owned by institutional investors.
About Hurco Companies
Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools, knee mills, vertical machining centers, tool room bed mills, combination lathes, horizontal machining centers, slant-bed lathes, and bridge mills; and double column vertical machining centers, and high-speed drill and tap machines.
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