State Board of Administration of Florida Retirement System Has $464,000 Stake in Harsco Corp. (HSC)
State Board of Administration of Florida Retirement System continued to hold its position in shares of Harsco Corp. (NYSE:HSC) during the second quarter, Holdings Channel reports. The institutional investor owned 69,921 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned about 0.09% of Harsco Corp. worth $464,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of HSC. Springbok Capital Management LLC boosted its position in shares of Harsco Corp. by 61.8% in the first quarter. Springbok Capital Management LLC now owns 35,100 shares of the company’s stock worth $191,000 after buying an additional 13,400 shares during the last quarter. Ngam Advisors L.P. boosted its position in shares of Harsco Corp. by 23.8% in the first quarter. Ngam Advisors L.P. now owns 40,372 shares of the company’s stock worth $220,000 after buying an additional 7,765 shares during the last quarter. Arizona State Retirement System boosted its position in shares of Harsco Corp. by 1.7% in the first quarter. Arizona State Retirement System now owns 41,066 shares of the company’s stock worth $224,000 after buying an additional 700 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Harsco Corp. by 83.8% in the second quarter. BNP Paribas Arbitrage SA now owns 34,900 shares of the company’s stock worth $232,000 after buying an additional 15,910 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of Harsco Corp. during the second quarter worth about $249,000. 80.64% of the stock is owned by institutional investors.
Harsco Corp. (NYSE:HSC) traded down 2.84% on Friday, hitting $9.93. The company had a trading volume of 353,985 shares. The firm’s market capitalization is $796.13 million. Harsco Corp. has a 12-month low of $3.55 and a 12-month high of $12.54. The firm has a 50-day moving average price of $9.71 and a 200-day moving average price of $7.97.
Harsco Corp. (NYSE:HSC) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.05. The firm had revenue of $370 million for the quarter, compared to analyst estimates of $377.30 million. Harsco Corp. had a positive return on equity of 12.38% and a negative net margin of 3.42%. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.08 EPS. On average, equities research analysts anticipate that Harsco Corp. will post $0.39 earnings per share for the current fiscal year.
A number of research analysts have issued reports on HSC shares. Lake Street Capital started coverage on Harsco Corp. in a report on Tuesday, September 13th. They set a “buy” rating and a $17.00 price objective for the company. Jefferies Group reissued a “buy” rating on shares of Harsco Corp. in a report on Monday, August 1st. Finally, Zacks Investment Research cut Harsco Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th.
Harsco Corp. Company Profile
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. Its Harsco Metals & Minerals segment is a provider of on-site, outsourced services to the metals industries across the world.
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