Brooklands Fund Management Ltd Purchases 26,000 Shares of Hurco Companies, Inc. $HURC

Brooklands Fund Management Ltd increased its position in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 9.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 305,691 shares of the scientific and technical instruments company’s stock after acquiring an additional 26,000 shares during the period. Hurco Companies comprises about 0.7% of Brooklands Fund Management Ltd’s portfolio, making the stock its 11th biggest position. Brooklands Fund Management Ltd owned about 4.62% of Hurco Companies worth $5,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriprise Financial Inc. grew its position in shares of Hurco Companies by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company’s stock valued at $6,082,000 after buying an additional 1,733 shares during the last quarter. Marshall Wace LLP grew its position in shares of Hurco Companies by 180.3% in 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 buying an additional 48,397 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Hurco Companies by 23.3% in 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 buying an additional 13,296 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Hurco Companies in the 3rd quarter valued at about $322,000. Institutional investors own 74.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HURC. Weiss Ratings reissued a “sell (d-)” rating on shares of Hurco Companies in a research note on Tuesday, April 21st. Wall Street Zen raised Hurco Companies from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Hurco Companies Stock Up 0.7%

Shares of Hurco Companies stock opened at $21.76 on Tuesday. The company has a market cap of $141.00 million, a PE ratio of -11.10 and a beta of 0.75. Hurco Companies, Inc. has a 52 week low of $14.50 and a 52 week high of $22.50. The business has a 50 day moving average price of $17.24 and a 200-day moving average price of $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) EPS for the quarter. The company 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%.

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.