Bridgeway Capital Management Inc. Has $888,000 Position in Harsco Co. (HSC)

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Bridgeway Capital Management Inc. trimmed its position in Harsco Co. (NYSE:HSC) by 9.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 31,100 shares of the industrial products company’s stock after selling 3,300 shares during the period. Bridgeway Capital Management Inc.’s holdings in Harsco were worth $888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HSC. Tower Research Capital LLC TRC increased its position in Harsco by 1,234.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,244 shares of the industrial products company’s stock valued at $116,000 after purchasing an additional 4,851 shares during the period. Bank of Montreal Can purchased a new position in Harsco during the 2nd quarter valued at $118,000. Stratos Wealth Partners LTD. purchased a new position in Harsco during the 3rd quarter valued at $176,000. Parsec Financial Management Inc. purchased a new position in Harsco during the 3rd quarter valued at $214,000. Finally, Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Harsco during the 3rd quarter valued at $218,000. 83.17% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on HSC shares. Singular Research started coverage on shares of Harsco in a research report on Monday, August 27th. They set a “buy” rating and a $32.00 price objective on the stock. ValuEngine downgraded shares of Harsco from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Lake Street Capital boosted their price objective on shares of Harsco from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, KeyCorp boosted their price objective on shares of Harsco from $28.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, September 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Harsco has a consensus rating of “Buy” and an average price target of $29.40.

NYSE:HSC opened at $22.57 on Friday. The stock has a market capitalization of $1.93 billion, a PE ratio of 30.50 and a beta of 2.55. The company has a current ratio of 1.47, a quick ratio of 1.15 and a debt-to-equity ratio of 2.05. Harsco Co. has a 1-year low of $15.55 and a 1-year high of $30.05.

Harsco (NYSE:HSC) last released its earnings results on Wednesday, October 31st. The industrial products company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $445.48 million for the quarter, compared to the consensus estimate of $447.17 million. Harsco had a net margin of 3.32% and a return on equity of 37.43%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 EPS. On average, analysts forecast that Harsco Co. will post 1.26 EPS for the current fiscal year.

In other news, SVP Scott H. Gerson sold 18,802 shares of the company’s stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $27.31, for a total value of $513,482.62. Following the sale, the senior vice president now directly owns 3,911 shares of the company’s stock, valued at approximately $106,809.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.04% of the stock is owned by corporate insiders.

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Harsco Company Profile

Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals & Minerals, Harsco Industrial, and Harsco Rail. The Harsco Metals & Minerals segment provides on-site services of material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; and value added environmental solutions for industrial co-products, as well as produces industrial abrasives and roofing granules.

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Want to see what other hedge funds are holding HSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Harsco Co. (NYSE:HSC).

Institutional Ownership by Quarter for Harsco (NYSE:HSC)

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