Harsco Corp. (HSC) Shares Up 5.5%
Harsco Corp. (NYSE:HSC) shares shot up 5.5% on Friday . The stock traded as high as $7.36 and last traded at $7.31, with a volume of 407,529 shares trading hands. The stock had previously closed at $6.93.
Separately, Zacks Investment Research upgraded Harsco Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th.
The firm’s 50-day moving average is $6.59 and its 200 day moving average is $6.28. The firm’s market capitalization is $580.70 million.
Harsco Corp. (NYSE:HSC) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.03 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.08. The company had revenue of $353 million for the quarter, compared to analyst estimates of $347.50 million. During the same quarter in the prior year, the business earned $0.20 EPS. Harsco Corp.’s revenue was down 21.9% compared to the same quarter last year. Analysts anticipate that Harsco Corp. will post $0.28 earnings per share for the current fiscal year.
Several hedge funds and institutional investors recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in Harsco Corp. by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 148,394 shares of the company’s stock worth $1,169,000 after buying an additional 2,625 shares in the last quarter. California Public Employees Retirement System raised its position in Harsco Corp. by 6.7% in the fourth quarter. California Public Employees Retirement System now owns 348,553 shares of the company’s stock worth $2,747,000 after buying an additional 21,900 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Harsco Corp. during the fourth quarter worth approximately $1,464,000. New York State Common Retirement Fund raised its position in Harsco Corp. by 139.2% in the fourth quarter. New York State Common Retirement Fund now owns 183,493 shares of the company’s stock worth $1,446,000 after buying an additional 106,793 shares in the last quarter. Finally, Lapides Asset Management LLC raised its position in Harsco Corp. by 11.5% in the fourth quarter. Lapides Asset Management LLC now owns 2,055,000 shares of the company’s stock worth $16,193,000 after buying an additional 211,500 shares in the last quarter.
Harsco Corporation is a provider of industrial services and engineered products serving global industries. The Company operates in three segments: Harsco Metals & Minerals, Harsco Industrial and Harsco Rail. Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the global metals industries.
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