Hurco Companies (NASDAQ:HURC) Cut to “Sell” at StockNews.com

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

Hurco Companies Stock Performance

HURC stock opened at $18.38 on Tuesday. The firm has a market cap of $122.12 million, a P/E ratio of -7.18 and a beta of 0.43. The firm’s fifty day moving average is $20.21 and its 200 day moving average is $20.11. Hurco Companies has a 52 week low of $14.82 and a 52 week high of $28.20.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) EPS for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Insider Activity

In other news, major shareholder Polar Asset Management Partner sold 4,510 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $22.63, for a total transaction of $102,061.30. Following the completion of the transaction, the insider now directly owns 782,070 shares of the company’s stock, valued at approximately $17,698,244.10. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.70% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the period. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. 74.36% of the stock is owned by institutional investors and hedge funds.

Hurco Companies Company Profile

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.