Hurco Companies (NASDAQ:HURC) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a hold rating in a report released on Wednesday morning.

Hurco Companies Price Performance

Shares of HURC opened at $16.01 on Wednesday. The firm’s 50 day moving average is $19.97 and its 200-day moving average is $20.11. The stock has a market capitalization of $106.37 million, a P/E ratio of -6.25 and a beta of 0.42. Hurco Companies has a 12-month low of $14.82 and a 12-month high of $23.76.

Hurco Companies (NASDAQ:HURC) last announced its earnings results on Friday, March 7th. The scientific and technical instruments company reported ($0.67) EPS for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%. The firm had revenue of $46.41 million during the quarter.

Insider Buying and Selling

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 3,395 shares of Hurco Companies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total value of $76,794.90. Following the completion of the sale, the insider now directly owns 775,582 shares in the company, valued at $17,543,664.84. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its position in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the quarter. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities & Exchange Commission. 74.36% of the stock is owned by institutional investors.

Hurco Companies Company Profile

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.