Sunday, June 26, 2022

Monitoring Harsco Corporation (HSC) after recent insider movements

Harsco Corporation’s filing revealed that its SVP and CFO Aga Anshooman acquired Company’s shares for reported $23560.0 on Feb 28. In the deal valued at $11.78 per share,2,000 shares were bought. As a result of this transaction, Aga Anshooman now holds 4,000 shares worth roughly $ 28840.0.

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Then, GRASBERGER F NICHOLAS III bought 25,000 shares, generating $298,000 in total proceeds. Upon buying the shares at $11.92, the Chairman, President and CEO now owns 701,776 shares.

Before that, Stanton David bought 5,000 shares. Harsco Corporation shares valued at $68,750 were divested by the SVP & Group Pres. Clean Earth at a price of $13.75 per share. As a result of the transaction, Stanton David now holds 28,898 shares, worth roughly $0.21 million.

Meanwhile, DA Davidson initiated its Harsco Corporation [HSC] rating to a Buy in a research note published on Tuesday, March 30, 2022; the price target was $18. PT values the company’s stock at a premium of 59.94 to its Tuesday closing price. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Argus also remained covering HSC and has increased its forecast on May 07, 2021 with a “Buy” recommendation from previously “Hold” rating. Barrington Research maintained its rating on May 05, 2021. It rated HSC as “an Outperform”.

Price Performance Review of HSC

On Tuesday, Harsco Corporation [NYSE:HSC] saw its stock fall -2.04% to $7.21. On the same session, the stock had its day’s lowest price of $7.20, but rose to a high of $7.53. Over the last five days, the stock has lost -5.01%. Harsco Corporation shares have fallen nearly -56.85% since the year began. Nevertheless, the stocks have fallen -65.97% over the past one year. While a 52-week high of $22.07 was reached on 01/05/22, a 52-week low of $6.91 was recorded on 05/03/22. SMA at 50 days reached $8.97, while 200 days put it at $13.87. A total of 0.78 million shares were traded, compared to the trading of 0.72 million shares in the previous session.

Levels Of Support And Resistance For HSC Stock

The 24-hour chart illustrates a support level at 7.10, which if violated will result in even more drops to 6.98. On the upside, there is a resistance level at 7.43. A further resistance level may holdings at 7.64. The Relative Strength Index (RSI) on the 14-day chart is 33.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.71%. Stochastics %K at 13.12% indicates the stock is a buying.

Harsco Corporation [HSC] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,590,792 shares, or roughly 14.60% of the outstanding HSC shares. In other words, the investor’s shares have fallen by -268,957 from its previous 13-F filing of 11859749.0. Additionally, The Vanguard Group, Inc. increased 1.57% of its stake after which the total value it holdings stand at $70,073,771, while Barrow, Hanley, Mewhinney & Strau added 42.90% of its stake to hold $52.72 million in the firm. Over the last quarter, Cooper Creek Partners Management purchased 2,116,571 shares of Harsco Corporation, while SSgA Funds Management, Inc. bought 100,290 shares. At present, Neuberger Berman Investment Advis is holding 2,803,888 shares valued at $23.27 million. Aristotle Capital Boston LLC owned 2,759,797 shares of the company at the time of its most recent 13F filing, worth $22.91 million.

According to FactSet, Harsco Corporation’s share price will average $19.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 171.74 percent from its previous closing price of $7.36. Analysts expect Harsco Corporation stock to reach the higher price of $25.00, while the lowest price estimate is $15.00. However, 6 analysts have rated HSC stock as a Buy in their predictions for 2022.

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