TIAA CREF Investment Management LLC trimmed its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 34.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 17,579 shares of the scientific and technical instruments company’s stock after selling 9,184 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.27% of Hurco Companies worth $611,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in HURC. Wells Fargo & Company MN lifted its holdings in shares of Hurco Companies by 3.8% during the 2nd quarter. Wells Fargo & Company MN now owns 4,161 shares of the scientific and technical instruments company’s stock worth $144,000 after acquiring an additional 152 shares during the period. Balter Liquid Alternatives LLC bought a new position in shares of Hurco Companies during the 2nd quarter worth about $262,000. Federated Investors Inc. PA bought a new position in shares of Hurco Companies during the 2nd quarter worth about $292,000. Strs Ohio lifted its holdings in shares of Hurco Companies by 6.5% during the 2nd quarter. Strs Ohio now owns 9,900 shares of the scientific and technical instruments company’s stock worth $344,000 after acquiring an additional 600 shares during the period. Finally, Algert Global LLC bought a new position in Hurco Companies during the 2nd quarter valued at about $429,000. 76.12% of the stock is owned by institutional investors.

In other Hurco Companies news, Director Robert W. Cruickshank sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $39.03, for a total value of $117,090.00. Following the completion of the sale, the director now owns 37,396 shares in the company, valued at approximately $1,459,565.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert W. Cruickshank sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $39.00, for a total transaction of $39,000.00. Following the completion of the sale, the director now owns 37,396 shares of the company’s stock, valued at approximately $1,458,444. The disclosure for this sale can be found here. Insiders have sold a total of 31,000 shares of company stock valued at $1,241,780 over the last three months. 8.30% of the stock is currently owned by insiders.

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Separately, ValuEngine raised shares of Hurco Companies from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

Hurco Companies, Inc. (NASDAQ:HURC) opened at $42.95 on Friday. Hurco Companies, Inc. has a 1-year low of $26.25 and a 1-year high of $46.75. The stock has a market cap of $280.20, a PE ratio of 24.88 and a beta of 0.53.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings results on Friday, September 8th. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter. Hurco Companies had a net margin of 4.88% and a return on equity of 6.00%. The firm had revenue of $60.77 million during the quarter.

About Hurco Companies

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.

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

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