OxFORD Asset Management LLP Invests $639,000 in Hardinge Inc. (HDNG)

OxFORD Asset Management LLP bought a new stake in Hardinge Inc. (NASDAQ:HDNG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,387 shares of the industrial products company’s stock, valued at approximately $639,000. OxFORD Asset Management LLP owned 0.32% of Hardinge as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of HDNG. The Manufacturers Life Insurance Company lifted its holdings in Hardinge by 55.9% in the second quarter. The Manufacturers Life Insurance Company now owns 10,846 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 3,890 shares during the period. Rhumbline Advisers purchased a new stake in Hardinge in the second quarter worth about $147,000. Wells Fargo & Company MN increased its position in Hardinge by 68.2% in the third quarter. Wells Fargo & Company MN now owns 11,291 shares of the industrial products company’s stock worth $172,000 after buying an additional 4,578 shares in the last quarter. JPMorgan Chase & Co. increased its position in Hardinge by 1,702.9% in the third quarter. JPMorgan Chase & Co. now owns 11,755 shares of the industrial products company’s stock worth $181,000 after buying an additional 11,103 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in Hardinge by 5.4% in the second quarter. Teachers Advisors LLC now owns 21,745 shares of the industrial products company’s stock worth $270,000 after buying an additional 1,107 shares in the last quarter. 70.69% of the stock is currently owned by institutional investors.

Shares of Hardinge Inc. (NASDAQ:HDNG) remained flat at $$18.66 on Wednesday. The stock had a trading volume of 55,574 shares, compared to its average volume of 60,036. The firm has a market cap of $242.64, a PE ratio of 38.08 and a beta of 0.92. Hardinge Inc. has a 52 week low of $9.51 and a 52 week high of $18.92.

Hardinge (NASDAQ:HDNG) last issued its quarterly earnings results on Thursday, November 9th. The industrial products company reported $0.24 EPS for the quarter. Hardinge had a return on equity of 6.57% and a net margin of 2.03%.

Separately, ValuEngine cut Hardinge from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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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)

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