BidaskClub Lowers Hurco Companies (HURC) to Sell

BidaskClub cut shares of Hurco Companies (NASDAQ:HURC) from a hold rating to a sell rating in a report published on Tuesday morning.

Separately, ValuEngine raised shares of Hurco Companies from a hold rating to a buy rating in a report on Monday, February 5th.

Shares of Hurco Companies (NASDAQ:HURC) traded down $0.40 on Tuesday, hitting $43.10. 13,100 shares of the stock traded hands, compared to its average volume of 32,972. The firm has a market capitalization of $291.14, a PE ratio of 19.33 and a beta of 0.33. Hurco Companies has a 1-year low of $26.25 and a 1-year high of $50.33.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings results on Friday, January 5th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $75.93 million for the quarter. Hurco Companies had a net margin of 6.20% and a return on equity of 7.76%.

In related news, CEO Michael Doar sold 13,900 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $47.48, for a total value of $659,972.00. Following the sale, the chief executive officer now owns 113,283 shares of the company’s stock, valued at $5,378,676.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sonja K. Mcclelland sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $48.01, for a total transaction of $240,050.00. Following the completion of the sale, the chief financial officer now directly owns 25,399 shares in the company, valued at approximately $1,219,405.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,715 shares of company stock worth $1,703,825. 8.30% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. FMR LLC raised its holdings in Hurco Companies by 8.0% in the second quarter. FMR LLC now owns 659,299 shares of the scientific and technical instruments company’s stock valued at $22,911,000 after acquiring an additional 48,980 shares in the last quarter. BlackRock Inc. increased its stake in Hurco Companies by 2.2% in the fourth quarter. BlackRock Inc. now owns 305,928 shares of the scientific and technical instruments company’s stock valued at $12,911,000 after purchasing an additional 6,519 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its stake in Hurco Companies by 86.1% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 251,387 shares of the scientific and technical instruments company’s stock valued at $10,608,000 after purchasing an additional 116,286 shares during the last quarter. Vanguard Group Inc. increased its stake in Hurco Companies by 1.2% in the second quarter. Vanguard Group Inc. now owns 200,487 shares of the scientific and technical instruments company’s stock valued at $6,967,000 after purchasing an additional 2,450 shares during the last quarter. Finally, State Street Corp increased its stake in Hurco Companies by 8.6% in the second quarter. State Street Corp now owns 112,081 shares of the scientific and technical instruments company’s stock valued at $3,896,000 after purchasing an additional 8,856 shares during the last quarter. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

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About Hurco Companies

Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.

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