Do Institutional Investors Hate Hardinge Inc (NASDAQ:HDNG)?

June 17, 2018 - By Kenneth Lin

Hardinge Inc. (NASDAQ:HDNG) Logo

Sentiment for Hardinge Inc (NASDAQ:HDNG)

Hardinge Inc (NASDAQ:HDNG) institutional sentiment decreased to 1.16 in Q1 2018. Its down -0.07, from 1.23 in 2017Q4. The ratio is negative, as 43 investment managers increased or opened new positions, while 37 cut down and sold their holdings in Hardinge Inc. The investment managers in our partner’s database now have: 8.52 million shares, down from 9.13 million shares in 2017Q4. Also, the number of investment managers holding Hardinge Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 27 Increased: 19 New Position: 24.

Hardinge Inc., together with its subsidiaries, designs, makes, and distributes machine tools in North America, Europe, and Asia. The company has market cap of $239.89 million. The firm operates through two divisions, Metalcutting Machine Solutions, and Aftermarket Tooling and Accessories. It has a 41.11 P/E ratio. It offers computer controlled metalcutting turning machines, grinding machines, machining centers, collets, chucks, index fixtures, repair parts for machines, and other industrial products, as well as engineers and supplies high precision, standard, and specialty workholding devices, and other machine tool accessories.

It closed at $18.5 lastly. It is up 52.51% since June 17, 2017 and is uptrending. It has outperformed by 39.94% the S&P500.

First Wilshire Securities Management Inc holds 1.64% of its portfolio in Hardinge Inc. for 323,547 shares. Pacific Ridge Capital Partners Llc owns 210,159 shares or 1.03% of their US portfolio. Moreover, Grace & White Inc Ny has 0.84% invested in the company for 222,605 shares. The New York-based Lucus Advisors Llc has invested 0.39% in the stock. Kennedy Capital Management Inc., a Missouri-based fund reported 1.05 million shares.

More news for Hardinge Inc. (NASDAQ:HDNG) were recently published by: Businesswire.com, which released: “Hardinge Stockholders Approve Merger With Privet” on May 22, 2018. Fool.com‘s article titled: “3 Stocks Wall Street Hasn’t Heard Of Yet” and published on June 01, 2018 is yet another important article.

Hardinge Inc. (NASDAQ:HDNG) Institutional Positions Chart

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