BlueCrest Capital Management Ltd purchased a new position in shares of Harsco Corporation (NYSE:HSC) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 95,564 shares of the industrial products company’s stock, valued at approximately $1,539,000. BlueCrest Capital Management Ltd owned 0.12% of Harsco Corporation as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the business. State Street Corp boosted its position in Harsco Corporation by 4.1% during the 2nd quarter. State Street Corp now owns 1,999,994 shares of the industrial products company’s stock worth $32,197,000 after acquiring an additional 78,104 shares during the period. Cornerstone Capital Management Holdings LLC. acquired a new position in Harsco Corporation during the 2nd quarter worth $283,000. Flinton Capital Management LLC boosted its position in Harsco Corporation by 71.9% during the 2nd quarter. Flinton Capital Management LLC now owns 6,496 shares of the industrial products company’s stock worth $105,000 after acquiring an additional 2,716 shares during the period. Goldman Sachs Group Inc. boosted its position in Harsco Corporation by 5.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 250,026 shares of the industrial products company’s stock worth $4,025,000 after acquiring an additional 12,443 shares during the period. Finally, Aureus Asset Management LLC boosted its position in Harsco Corporation by 2.7% during the 2nd quarter. Aureus Asset Management LLC now owns 592,510 shares of the industrial products company’s stock worth $9,539,000 after acquiring an additional 15,380 shares during the period. Institutional investors own 80.67% of the company’s stock.
Harsco Corporation (NYSE:HSC) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.05. Harsco Corporation had a positive return on equity of 26.28% and a negative net margin of 1.38%. The firm had revenue of $394.89 million during the quarter, compared to analysts’ expectations of $384.40 million. During the same period last year, the firm posted $0.15 EPS. The business’s revenue was up 6.7% on a year-over-year basis.
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A number of brokerages have issued reports on HSC. Zacks Investment Research lowered Harsco Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Argus upgraded Harsco Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday, September 15th. BidaskClub lowered Harsco Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of Harsco Corporation in a research report on Wednesday, August 9th. Finally, Lake Street Capital reiterated a “buy” rating on shares of Harsco Corporation in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Harsco Corporation has a consensus rating of “Hold” and a consensus target price of $19.50.
Harsco Corporation Company 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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