Brooklands Fund Management Ltd Has $5.21 Million Holdings in Hurco Companies, Inc. $HURC

Brooklands Fund Management Ltd boosted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 15.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 354,068 shares of the scientific and technical instruments company’s stock after acquiring an additional 48,377 shares during the quarter. Hurco Companies makes up approximately 5.9% of Brooklands Fund Management Ltd’s portfolio, making the stock its 4th largest holding. Brooklands Fund Management Ltd owned 0.05% of Hurco Companies worth $5,208,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in Hurco Companies by 0.5% in 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. Marshall Wace LLP raised its holdings in shares of Hurco Companies by 180.3% during the 4th quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock valued at $1,163,000 after purchasing an additional 48,397 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Hurco Companies by 23.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company’s stock valued at $1,086,000 after purchasing an additional 13,296 shares in the last quarter. 74.36% of the stock is currently owned by institutional investors and hedge funds.

Hurco Companies Stock Down 1.1%

Shares of Hurco Companies stock opened at $21.53 on Friday. Hurco Companies, Inc. has a 12-month low of $14.50 and a 12-month high of $23.75. The stock has a 50 day moving average price of $20.56 and a two-hundred day moving average price of $17.89. The stock has a market capitalization of $139.51 million, a P/E ratio of -10.98 and a beta of 0.69.

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 for the quarter. The firm had revenue of $47.62 million during the quarter. Hurco Companies had a negative return on equity of 6.37% and a negative net margin of 6.92%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Hurco Companies in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hurco Companies Company 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.