Vanguard Group Inc. lowered its holdings in Hardinge Inc. (NASDAQ:HDNG) by 7.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 448,398 shares of the industrial products company’s stock after selling 36,502 shares during the quarter. Vanguard Group Inc. owned 3.47% of Hardinge worth $5,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Northern Trust Corp grew its holdings in Hardinge by 2.6% in the 2nd quarter. Northern Trust Corp now owns 140,526 shares of the industrial products company’s stock valued at $1,746,000 after buying an additional 3,575 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Hardinge by 0.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 136,362 shares of the industrial products company’s stock worth $1,694,000 after purchasing an additional 800 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Hardinge by 5.4% during the 2nd quarter. Teachers Advisors LLC now owns 21,745 shares of the industrial products company’s stock worth $270,000 after purchasing an additional 1,107 shares in the last quarter. Kennedy Capital Management Inc. acquired a new stake in shares of Hardinge during the 2nd quarter worth approximately $423,000. Finally, Royce & Associates LP grew its holdings in shares of Hardinge by 3.9% during the 2nd quarter. Royce & Associates LP now owns 1,114,105 shares of the industrial products company’s stock worth $13,837,000 after purchasing an additional 41,886 shares in the last quarter. 70.69% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on HDNG. ValuEngine lowered Hardinge from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. TheStreet raised Hardinge from a “d+” rating to a “b” rating in a report on Monday, August 21st.

Shares of Hardinge Inc. (NASDAQ:HDNG) opened at $17.25 on Thursday. Hardinge Inc. has a fifty-two week low of $9.51 and a fifty-two week high of $18.00. The firm has a market capitalization of $225.16, a P/E ratio of 20.95 and a beta of 0.93.

WARNING: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/11/30/hardinge-inc-hdng-shares-sold-by-vanguard-group-inc.html.

About Hardinge

Hardinge Inc (Hardinge) is a designer, manufacturer and distributor of machine tools, specializing in precision computer numerically controlled metalcutting machines and workholding technology solutions. The Company supplies high precision computer controlled metalcutting turning machines, grinding machines, machining centers and repair parts related to those machines.

Institutional Ownership by Quarter for Hardinge (NASDAQ:HDNG)

Receive News & Ratings for Hardinge Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hardinge Inc. and related companies with MarketBeat.com's FREE daily email newsletter.