New York State Common Retirement Fund Sells 44,362 Shares of Harsco Corporation (HSC)

New York State Common Retirement Fund lowered its holdings in shares of Harsco Corporation (NYSE:HSC) by 8.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 511,395 shares of the industrial products company’s stock after selling 44,362 shares during the period. New York State Common Retirement Fund owned about 0.64% of Harsco Corporation worth $8,233,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Invictus RG bought a new position in shares of Harsco Corporation during the 1st quarter valued at $120,000. Federated Investors Inc. PA grew its holdings in shares of Harsco Corporation by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 132 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Harsco Corporation during the 1st quarter valued at $147,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Harsco Corporation during the 1st quarter valued at $148,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Harsco Corporation during the 1st quarter valued at $158,000. 80.67% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Harsco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Lake Street Capital reaffirmed a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. BidaskClub lowered shares of Harsco Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a report on Wednesday, August 9th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $19.00 target price (up previously from $17.50) on shares of Harsco Corporation in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.50.

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Shares of Harsco Corporation (HSC) opened at 20.90 on Tuesday. Harsco Corporation has a 12 month low of $9.05 and a 12 month high of $21.60. The firm’s 50-day moving average is $18.65 and its 200 day moving average is $15.83. The stock’s market cap is $1.68 billion.

Harsco Corporation (NYSE:HSC) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The business had revenue of $394.89 million for the quarter, compared to analysts’ expectations of $384.40 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Harsco Corporation will post $0.64 EPS for the current year.

Harsco Corporation Profile

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 & Miner

Other hedge funds have also added to or reduced their stakes in the company. Invictus RG bought a new position in shares of Harsco Corporation during the 1st quarter valued at $120,000. Federated Investors Inc. PA grew its holdings in shares of Harsco Corporation by 1.7% during the 2nd quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 132 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Harsco Corporation during the 1st quarter valued at $147,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Harsco Corporation during the 1st quarter valued at $148,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Harsco Corporation during the 1st quarter valued at $158,000. 80.67% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Harsco Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Lake Street Capital reaffirmed a “buy” rating on shares of Harsco Corporation in a report on Friday, August 4th. BidaskClub lowered shares of Harsco Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of Harsco Corporation in a report on Wednesday, August 9th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $19.00 target price (up previously from $17.50) on shares of Harsco Corporation in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.50.

COPYRIGHT VIOLATION NOTICE: This piece was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/10/new-york-state-common-retirement-fund-sells-44362-shares-of-harsco-corporation-hsc.html.

Shares of Harsco Corporation (HSC) opened at 20.90 on Tuesday. Harsco Corporation has a 12 month low of $9.05 and a 12 month high of $21.60. The firm’s 50-day moving average is $18.65 and its 200 day moving average is $15.83. The stock’s market cap is $1.68 billion.

Harsco Corporation (NYSE:HSC) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a negative net margin of 1.38% and a positive return on equity of 26.28%. The business had revenue of $394.89 million for the quarter, compared to analysts’ expectations of $384.40 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts predict that Harsco Corporation will post $0.64 EPS for the current year.

Harsco Corporation Profile

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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Institutional Ownership by Quarter for Harsco Corporation (NYSE:HSC)

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