Wynnefield Capital Inc adds Harsco Corporation (HSC) to its portfolio

Harsco Corporation (HSC) : Wynnefield Capital Inc added new position in Harsco Corporation during the most recent quarter end. The investment management firm now holds 1,100,000 shares of Harsco Corporation which is valued at $11,715,000 , the company said in a statement filed on Aug 15, 2016 with the SEC.Harsco Corporation makes up approximately 3.89% of Wynnefield Capital Inc’s portfolio.

Other Hedge Funds, Including , Aristotle Capital Boston added HSC to its portfolio by purchasing 373 company shares during the most recent quarter which is valued at $3,972.Hsbc Holdings Plc boosted its stake in HSC in the latest quarter, The investment management firm added 10,438 additional shares and now holds a total of 64,855 shares of Harsco Corporation which is valued at $690,706. Airain Ltd sold out all of its stake in HSC during the most recent quarter. The investment firm sold 35,084 shares of HSC which is valued $378,556. Stoneridge Investment Partners sold out all of its stake in HSC during the most recent quarter. The investment firm sold 117,557 shares of HSC which is valued $1,149,707.Winslow Evans Crocker boosted its stake in HSC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 50 shares of Harsco Corporation which is valued at $485.

Harsco Corporation closed down -0.16 points or -1.61% at $9.79 with 6,18,446 shares getting traded on Thursday. Post opening the session at $9.97, the shares hit an intraday low of $9.6801 and an intraday high of $9.97 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Harsco Corporation reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.13. The company had revenue of $370.00 million for the quarter, compared to analysts expectations of $384.45 million. The company’s revenue was down -18.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

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. Harsco Industrial segment includes the Harsco Industrial IKG Harsco Industrial Air-X-Changers and Harsco Industrial Patterson-Kelley businesses. Harsco Rail segment is a provider of equipment and services for the maintenance repair and construction of railway track. The Company’s principal lines of business include outsourced on-site services of material logistics and resource recovery for iron steel and metals manufacturing; air-cooled heat exchangers; industrial grating products; heat transfer products and railway track maintenance services and equipment.

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