Hurco Companies (NASDAQ:HURC) Upgraded at StockNews.com

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

Hurco Companies Trading Up 0.6 %

Shares of NASDAQ:HURC opened at $23.32 on Thursday. The stock has a market capitalization of $150.41 million, a PE ratio of -11.84 and a beta of 0.38. The firm has a 50 day moving average of $21.16 and a 200-day moving average of $18.49. Hurco Companies has a 12 month low of $14.82 and a 12 month high of $28.20.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, September 6th. The scientific and technical instruments company reported ($1.47) EPS for the quarter. The firm had revenue of $42.65 million for the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%.

Insider Transactions at Hurco Companies

In other Hurco Companies news, major shareholder Polar Asset Management Partner sold 24,300 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $22.50, for a total value of $546,750.00. Following the completion of the transaction, the insider now directly owns 806,943 shares in the company, valued at approximately $18,156,217.50. This trade represents a 2.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.20% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation bought a new position in shares of Hurco Companies, Inc. (NASDAQ:HURC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies comprises about 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th biggest holding. George Kaiser Family Foundation owned 0.30% of Hurco Companies at the end of the most recent quarter. Institutional investors own 74.36% of the company’s stock.

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.