Invictus RG Has $440,000 Position in Harsco Corporation (HSC)
Invictus RG boosted its stake in shares of Harsco Corporation (NYSE:HSC) by 756.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,070 shares of the industrial products company’s stock after buying an additional 18,610 shares during the period. Invictus RG’s holdings in Harsco were worth $440,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HSC. 1060 Capital LLC purchased a new stake in Harsco during the 2nd quarter valued at $14,658,000. First Quadrant L P CA purchased a new stake in Harsco during the 3rd quarter valued at $263,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Harsco in the 2nd quarter worth $283,000. Parametrica Management Ltd purchased a new position in shares of Harsco in the 3rd quarter worth $708,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Harsco in the 2nd quarter worth $895,000. 81.44% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Harsco from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Argus upgraded Harsco from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, September 15th. ValuEngine downgraded Harsco from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Jefferies Group restated a “buy” rating and issued a $19.00 price target (up from $18.00) on shares of Harsco in a research note on Wednesday, August 9th. Finally, BidaskClub downgraded Harsco from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.00.
Harsco Corporation (HSC) remained flat at $$17.90 during midday trading on Tuesday. 614,900 shares of the company’s stock were exchanged, compared to its average volume of 517,664. The company has a market capitalization of $1,439.95, a PE ratio of 25.94 and a beta of 3.09. The company has a debt-to-equity ratio of 2.87, a current ratio of 1.30 and a quick ratio of 0.83. Harsco Corporation has a 12 month low of $11.40 and a 12 month high of $22.00.
Harsco (NYSE:HSC) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.04. The company had revenue of $384.65 million for the quarter, compared to the consensus estimate of $398.85 million. Harsco had a return on equity of 32.46% and a net margin of 1.69%. Harsco’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. research analysts anticipate that Harsco Corporation will post 0.68 EPS for the current year.
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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