Brooklands Fund Management Ltd Boosts Stock Position in Hurco Companies, Inc. $HURC

Brooklands Fund Management Ltd grew its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 9.3% during the 4th quarter, HoldingsChannel reports. The fund owned 305,691 shares of the scientific and technical instruments company’s stock after buying an additional 26,000 shares during the period. Hurco Companies comprises 0.7% of Brooklands Fund Management Ltd’s portfolio, making the stock its 11th biggest holding. Brooklands Fund Management Ltd’s holdings in Hurco Companies were worth $5,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in shares of Hurco Companies by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock worth $6,082,000 after acquiring an additional 1,733 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Hurco Companies by 23.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company’s stock worth $1,086,000 after acquiring an additional 13,296 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Hurco Companies in the third quarter worth $322,000. Finally, Marshall Wace LLP raised its position in shares of Hurco Companies by 180.3% in the fourth quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock worth $1,163,000 after buying an additional 48,397 shares in the last quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Hurco Companies Stock Performance

Shares of HURC stock opened at $21.76 on Tuesday. Hurco Companies, Inc. has a 52-week low of $14.50 and a 52-week high of $22.50. The company has a market capitalization of $141.00 million, a PE ratio of -11.10 and a beta of 0.75. The business’s fifty day moving average is $17.24 and its 200 day moving average is $16.53.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings data on Friday, June 5th. The scientific and technical instruments company reported ($0.37) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 6.37% and a negative net margin of 6.92%.The business had revenue of $47.62 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HURC shares. Wall Street Zen upgraded Hurco Companies from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Hurco Companies Profile

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.