Acadian Asset Management LLC lowered its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.5% during the second quarter, Holdings Channel reports. The fund owned 27,049 shares of the scientific and technical instruments company’s stock after selling 10,245 shares during the period. Acadian Asset Management LLC’s holdings in Hurco Companies were worth $940,000 at the end of the most recent reporting period.

Hurco Companies, Inc. (HURC) traded down 0.8724% during trading on Friday, reaching $34.0999. 13,419 shares of the company’s stock traded hands. The firm has a market cap of $225.88 million, a PE ratio of 22.4341 and a beta of 0.51. The firm has a 50 day moving average price of $34.01 and a 200-day moving average price of $30.63. Hurco Companies, Inc. has a 12 month low of $24.80 and a 12 month high of $35.83.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings results on Friday, June 2nd. The scientific and technical instruments company reported $0.54 EPS for the quarter. Hurco Companies had a net margin of 4.54% and a return on equity of 5.49%. The firm had revenue of $58.22 million for the quarter. On average, analysts forecast that Hurco Companies, Inc. will post $2.11 earnings per share for the current fiscal year.

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Hurco Companies Company Profile

Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.

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

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