Deutsche Bank AG Reduces Holdings in Hurco Companies, Inc. (HURC)

Deutsche Bank AG decreased its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 63.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,679 shares of the scientific and technical instruments company’s stock after selling 21,998 shares during the period. Deutsche Bank AG’s holdings in Hurco Companies were worth $451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of HURC. O Shaughnessy Asset Management LLC grew its stake in shares of Hurco Companies by 82.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,658 shares of the scientific and technical instruments company’s stock worth $59,000 after acquiring an additional 749 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Hurco Companies by 367.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,223 shares of the scientific and technical instruments company’s stock worth $79,000 after acquiring an additional 1,747 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in shares of Hurco Companies by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 4,914 shares of the scientific and technical instruments company’s stock worth $222,000 after acquiring an additional 1,747 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Hurco Companies by 7.2% in the fourth quarter. Rhumbline Advisers now owns 9,234 shares of the scientific and technical instruments company’s stock worth $330,000 after acquiring an additional 624 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Hurco Companies by 18.7% in the fourth quarter. First Trust Advisors LP now owns 11,380 shares of the scientific and technical instruments company’s stock worth $406,000 after acquiring an additional 1,790 shares in the last quarter. Institutional investors and hedge funds own 81.39% of the company’s stock.

Separately, BidaskClub cut shares of Hurco Companies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 26th.

In other news, President Gregory S. Volovic sold 10,000 shares of Hurco Companies stock in a transaction on Monday, February 25th. The shares were sold at an average price of $43.09, for a total transaction of $430,900.00. Following the completion of the sale, the president now directly owns 38,362 shares of the company’s stock, valued at approximately $1,653,018.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.90% of the stock is currently owned by insiders.

Hurco Companies stock opened at $37.58 on Thursday. The firm has a market cap of $256.80 million, a PE ratio of 10.38 and a beta of 0.67. Hurco Companies, Inc. has a 12-month low of $31.96 and a 12-month high of $50.50.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings data on Friday, March 8th. The scientific and technical instruments company reported $0.97 earnings per share (EPS) for the quarter. The business had revenue of $74.21 million during the quarter. Hurco Companies had a net margin of 8.23% and a return on equity of 11.44%.

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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. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.

Further Reading: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for Hurco Companies (NASDAQ:HURC)

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