Harsco Corporation (HSC) Stake Raised by Hood River Capital Management LLC
Hood River Capital Management LLC lifted its stake in shares of Harsco Corporation (NYSE:HSC) by 4.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,318,190 shares of the industrial products company’s stock after purchasing an additional 59,630 shares during the period. Harsco Corporation makes up about 1.7% of Hood River Capital Management LLC’s holdings, making the stock its 14th biggest position. Hood River Capital Management LLC owned 1.64% of Harsco Corporation worth $27,550,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in HSC. Flinton Capital Management LLC raised its position in shares of Harsco Corporation by 71.9% during the second quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock worth $105,000 after purchasing an additional 2,716 shares during the period. Federated Investors Inc. PA raised its position in shares of Harsco Corporation by 1.7% during the second quarter. Federated Investors Inc. PA now owns 7,678 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 132 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Harsco Corporation during the second quarter worth $167,000. Greenwood Capital Associates LLC acquired a new stake in shares of Harsco Corporation during the second quarter worth $186,000. Finally, Amalgamated Bank raised its position in shares of Harsco Corporation by 5.8% during the second quarter. Amalgamated Bank now owns 11,536 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 634 shares during the period. 78.51% of the stock is currently owned by institutional investors.
Harsco Corporation (NYSE HSC) traded down $0.60 during trading hours on Thursday, reaching $16.25. The company had a trading volume of 606,900 shares, compared to its average volume of 519,597. The firm has a market capitalization of $1,355.49, a price-to-earnings ratio of 24.42 and a beta of 3.18. Harsco Corporation has a 52-week low of $11.40 and a 52-week high of $22.00. The company has a quick ratio of 0.83, a current ratio of 1.30 and a debt-to-equity ratio of 2.87.
Harsco Corporation (NYSE:HSC) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Harsco Corporation had a return on equity of 32.46% and a net margin of 1.69%. The firm had revenue of $384.65 million for the quarter, compared to the consensus estimate of $398.85 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. sell-side analysts anticipate that Harsco Corporation will post 0.68 earnings per share for the current year.
A number of equities research analysts have recently issued reports on HSC shares. Argus raised Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, September 15th. Zacks Investment Research raised Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Friday, November 10th. Jefferies Group LLC reissued a “buy” rating and set a $19.00 price target (up from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. Lake Street Capital reissued a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. Finally, BidaskClub lowered Harsco Corporation from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $20.00.
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Harsco Corporation Profile
Harsco Corporation is a provider of industrial services and engineered products. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. The Harsco Metals & Minerals segment provides outsourced on-site services to the global metals industry, with the operations focused in the United States, the United Kingdom, France and Brazil.
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