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

StockNews.com cut shares of Hurco Companies (NASDAQ:HURC) from a hold rating to a sell rating in a research note published on Tuesday.

Hurco Companies Stock Performance

HURC stock opened at $18.38 on Tuesday. Hurco Companies has a fifty-two week low of $14.82 and a fifty-two week high of $28.20. The company has a market capitalization of $122.12 million, a price-to-earnings ratio of -7.18 and a beta of 0.43. The business’s 50 day moving average price is $20.21 and its two-hundred day moving average price is $20.11.

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

Insider Transactions at Hurco Companies

In other news, major shareholder Polar Asset Management Partner sold 3,395 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total transaction of $76,794.90. Following the sale, the insider now owns 775,582 shares of the company’s stock, valued at $17,543,664.84. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the quarter. Hurco Companies makes up approximately 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th biggest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. 74.36% of the stock is currently owned by institutional investors.

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. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.