LSV Asset Management Raises Stake in Hurco Companies, Inc. (HURC)

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LSV Asset Management increased its position in Hurco Companies, Inc. (NASDAQ:HURC) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,771 shares of the scientific and technical instruments company’s stock after buying an additional 5,357 shares during the period. LSV Asset Management’s holdings in Hurco Companies were worth $2,705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MetLife Investment Advisors LLC grew its stake in shares of Hurco Companies by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 4,914 shares of the scientific and technical instruments company’s stock valued at $222,000 after buying an additional 1,747 shares during the period. Bank of America Corp DE boosted its stake in Hurco Companies by 30.6% during the 2nd quarter. Bank of America Corp DE now owns 5,913 shares of the scientific and technical instruments company’s stock valued at $264,000 after purchasing an additional 1,384 shares during the last quarter. Rhumbline Advisers boosted its stake in Hurco Companies by 7.2% during the 4th quarter. Rhumbline Advisers now owns 9,234 shares of the scientific and technical instruments company’s stock valued at $330,000 after purchasing an additional 624 shares during the last quarter. First Trust Advisors LP boosted its stake in Hurco Companies by 36.0% during the 3rd quarter. First Trust Advisors LP now owns 9,590 shares of the scientific and technical instruments company’s stock valued at $433,000 after purchasing an additional 2,536 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Hurco Companies by 14.7% during the 3rd quarter. Wells Fargo & Company MN now owns 10,248 shares of the scientific and technical instruments company’s stock valued at $462,000 after purchasing an additional 1,317 shares during the last quarter. Institutional investors own 79.84% of the company’s stock.

Hurco Companies stock opened at $42.43 on Thursday. Hurco Companies, Inc. has a 52 week low of $31.96 and a 52 week high of $50.50. The company has a market cap of $287.49 million, a price-to-earnings ratio of 11.79 and a beta of 0.64.

Hurco Companies (NASDAQ:HURC) last posted its earnings results on Friday, January 4th. The scientific and technical instruments company reported $1.22 EPS for the quarter. Hurco Companies had a net margin of 7.15% and a return on equity of 11.32%. The firm had revenue of $83.05 million for the quarter.

HURC has been the subject of a number of analyst reports. BidaskClub downgraded Hurco Companies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, November 27th. ValuEngine downgraded Hurco Companies from a “hold” rating to a “sell” rating in a research note on Saturday, October 27th.

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Hurco Companies Profile

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; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.

Featured Article: Institutional Investors

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Institutional Ownership by Quarter for Hurco Companies (NASDAQ:HURC)

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