LSV Asset Management grew its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,814 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,300 shares during the period. LSV Asset Management owned 1.04% of Hurco Companies worth $3,204,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of HURC. Algert Global LLC lifted its position in Hurco Companies by 75.4% during the first quarter. Algert Global LLC now owns 94,323 shares of the scientific and technical instruments company’s stock worth $4,329,000 after acquiring an additional 40,557 shares during the last quarter. Millennium Management LLC lifted its position in Hurco Companies by 187.0% during the fourth quarter. Millennium Management LLC now owns 34,701 shares of the scientific and technical instruments company’s stock worth $1,464,000 after acquiring an additional 22,612 shares during the last quarter. Stanley Laman Group Ltd. acquired a new stake in Hurco Companies during the first quarter worth approximately $826,000. AXA acquired a new stake in Hurco Companies during the fourth quarter worth approximately $633,000. Finally, Two Sigma Investments LP acquired a new stake in Hurco Companies during the fourth quarter worth approximately $622,000. Hedge funds and other institutional investors own 82.03% of the company’s stock.
Hurco Companies opened at $47.25 on Tuesday, according to Marketbeat. Hurco Companies, Inc. has a 1-year low of $27.74 and a 1-year high of $50.33. The company has a market capitalization of $314.56 million, a PE ratio of 15.77 and a beta of 0.37.
Hurco Companies (NASDAQ:HURC) last released its quarterly earnings results on Friday, March 9th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. Hurco Companies had a net margin of 6.52% and a return on equity of 10.01%. The company had revenue of $68.44 million during the quarter.
In other news, Director Andrew Sheeley Niner sold 8,071 shares of Hurco Companies stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $45.30, for a total value of $365,616.30. Following the completion of the sale, the director now directly owns 9,683 shares in the company, valued at $438,639.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 19,836 shares of company stock valued at $902,142. 7.90% of the stock is owned by company insiders.
HURC has been the subject of several research reports. ValuEngine upgraded shares of Hurco Companies from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. BidaskClub downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th.
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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