Horsehead Holding Corp. (NASDAQ:ZINC) major shareholder Dalal Street, Llc purchased 248,575 shares of Horsehead Holding Corp. stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $13.98 per share, for a total transaction of $3,475,078.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Horsehead Holding Corp. (NASDAQ:ZINC) traded down 0.57% during mid-day trading on Monday, hitting $14.01. 476,877 shares of the company’s stock traded hands. Horsehead Holding Corp. has a 1-year low of $8.45 and a 1-year high of $14.64. The stock’s 50-day moving average is $13.11 and its 200-day moving average is $12.39. The company’s market cap is $706.6 million.
Horsehead Holding Corp. (NASDAQ:ZINC) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.06. The company had revenue of $109.60 million for the quarter, compared to the consensus estimate of $109.68 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. On average, analysts predict that Horsehead Holding Corp. will post $-0.21 earnings per share for the current fiscal year.
A number of research firms have recently commented on ZINC. Analysts at FBR Capital Markets raised their price target on shares of Horsehead Holding Corp. from $15.00 to $16.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks downgraded shares of Horsehead Holding Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, November 6th. They now have a $12.90 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Horsehead Holding Corp. from $13.00 to $15.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.98.
Horsehead Holding Corp. (NASDAQ:ZINC) is a producer of zinc and nickel-based products sold primarily to customers throughout the United States and Canada.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.