Hardinge (HDNG) Downgraded to Hold at ValuEngine

ValuEngine cut shares of Hardinge (NASDAQ:HDNG) from a buy rating to a hold rating in a report published on Friday.

Separately, TheStreet raised shares of Hardinge from a d+ rating to a b rating in a research note on Monday, August 21st.

Hardinge (NASDAQ HDNG) opened at $17.01 on Friday. Hardinge has a fifty-two week low of $9.51 and a fifty-two week high of $18.00. The firm has a market cap of $216.10, a P/E ratio of 20.11 and a beta of 0.92.

Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Hardinge by 55.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,846 shares of the industrial products company’s stock valued at $134,000 after buying an additional 3,890 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Hardinge by 68.2% during the 3rd quarter. Wells Fargo & Company MN now owns 11,291 shares of the industrial products company’s stock valued at $172,000 after buying an additional 4,578 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hardinge by 1,702.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,755 shares of the industrial products company’s stock valued at $181,000 after buying an additional 11,103 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of Hardinge during the 2nd quarter valued at approximately $147,000. Finally, Eagle Global Advisors LLC lifted its position in shares of Hardinge by 6.5% during the 2nd quarter. Eagle Global Advisors LLC now owns 16,853 shares of the industrial products company’s stock valued at $209,000 after buying an additional 1,030 shares in the last quarter. 70.69% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece of content was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/12/05/hardinge-hdng-downgraded-to-hold-at-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Hardinge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hardinge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply