Bank of New York Mellon Corp Decreases Stake in Hurco Companies, Inc. (NASDAQ:HURC)

Bank of New York Mellon Corp trimmed its position in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 23.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,022 shares of the scientific and technical instruments company’s stock after selling 9,758 shares during the period. Bank of New York Mellon Corp owned about 0.47% of Hurco Companies worth $598,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Hurco Companies from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th.

Insider Transactions at Hurco Companies

In other news, major shareholder Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.78, for a total transaction of $47,340.00. Following the sale, the insider now owns 772,582 shares in the company, valued at approximately $12,191,343.96. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 10,905 shares of company stock worth $226,196. 8.70% of the stock is currently owned by insiders.

Hurco Companies Price Performance

Shares of NASDAQ HURC opened at $15.70 on Friday. The business has a 50-day moving average of $19.28 and a two-hundred day moving average of $19.98. The company has a market capitalization of $101.80 million, a price-to-earnings ratio of -6.13 and a beta of 0.42. Hurco Companies, Inc. has a 1 year low of $14.83 and a 1 year high of $23.76.

Hurco Companies (NASDAQ:HURC) last posted its earnings results on Friday, March 7th. The scientific and technical instruments company reported ($0.67) earnings per share for the quarter. The business had revenue of $46.41 million for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

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.