Logan Capital Management Stake in At&T Com (T) Has Raised as Stock Price Declined; Harsco (HSC) Holder Blackrock Has Lowered Its Stake by $3.14 Million as Valuation Rose

June 18, 2018 - By Peter Mason

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Blackrock Inc decreased its stake in Harsco Corp (HSC) by 1.5% based on its latest 2018Q1 regulatory filing with the SEC. Blackrock Inc sold 156,962 shares as the company’s stock rose 11.58% while stock markets declined. The institutional investor held 10.33 million shares of the metal fabrications company at the end of 2018Q1, valued at $213.38M, down from 10.49 million at the end of the previous reported quarter. Blackrock Inc who had been investing in Harsco Corp for a number of months, seems to be less bullish one the $2.03 billion market cap company. The stock increased 1.21% or $0.3 during the last trading session, reaching $25.15. About 225,285 shares traded. Harsco Corporation (NYSE:HSC) has risen 62.20% since June 18, 2017 and is uptrending. It has outperformed by 49.63% the S&P500. Some Historical HSC News: 02/05/2018 – HARSCO REPORTS $75M SHARE BUYBACK AUTHORIZATION; 02/05/2018 – Harsco 1Q EPS 21c; 17/04/2018 – DEEP ECO: Harsco May Benefit, Industry Posts 14th Straight Gain; 29/05/2018 – HARSCO SAYS ALTEK DEAL INCLUDES FUTURE CONTINGENT CONSIDERATION; 23/03/2018 – Glancy Prongay & Murray LLP Announces Investigation on Behalf of Harsco Corporation Investors (HSC); 02/05/2018 – Harsco 1Q Rev $408M; 21/05/2018 – HARSCO – AWARDED 4 NEW LOGISTICS & PACKAGING CONTRACTS – WITH ARCELORMITTAL ATLANTIQUE & LORRAINE; 29/05/2018 – Harsco: Altek Acquistion Has Contingent Consideration Subject to Future Fincl Performance of Altek; 16/03/2018 DEEP ECO: Harsco May Benefit, Industry Posts 13th Straight Gain; 02/05/2018 – Harsco Corporation Announces $75 Million Share Repurchase Authorization

Logan Capital Management Inc increased its stake in At&T Inc Com (T) by 11.31% based on its latest 2018Q1 regulatory filing with the SEC. Logan Capital Management Inc bought 79,610 shares as the company’s stock declined 13.21% with the market. The institutional investor held 783,624 shares of the telecommunications equipment company at the end of 2018Q1, valued at $27.94 million, up from 704,014 at the end of the previous reported quarter. Logan Capital Management Inc who had been investing in At&T Inc Com for a number of months, seems to be bullish on the $235.82 billion market cap company. The stock decreased 2.90% or $0.96 during the last trading session, reaching $32.19. About 70.88M shares traded or 102.56% up from the average. AT&T Inc. (NYSE:T) has declined 14.96% since June 18, 2017 and is downtrending. It has underperformed by 27.53% the S&P500. Some Historical T News: 07/05/2018 – CNBC: Comcast plans to make an all-cash bid for Fox if AT&T-Time Warner is approved; 11/05/2018 – AT&T Says Cohen Deal Was Mistake (Video); 19/04/2018 – US OPPOSES AT&T MOVE TO DISMISS DIRECTV FROM TIME WARNER SUIT; 15/05/2018 – AT&T INC – EXPECTS TO LAUNCH PREMIUM STREAMING EXPERIENCE THAT WILL COMPETE WITH TRADITIONAL LINEAR TV PRODUCTS FOR IN-HOME USE; 22/03/2018 – FT Alphaville – Blog: AT&T may not be confident of a quick Time Warner resolution; 15/04/2018 – The Week Ahead: AT&T and Time Warner Chiefs to Testify, and New China Tariffs Brew; 16/04/2018 – AT&T failed on one megadeal and overpaid on the second. Time Warner could be its third strike; 29/03/2018 – AT&T INC – CASH OFFERS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON APRIL 5, 2018, UNLESS EXTENDED OR EARLIER TERMINATED BY AT&T; 09/03/2018 – Ex-Officials Ask Judge to Review U.S. Moves in AT&T-Time Warner Suit; 25/04/2018 – AT&T 1Q REV. $38.0B, EST. $39.39B

Since May 8, 2018, it had 0 insider purchases, and 3 insider sales for $681,756 activity. McKenzie Tracey L. also sold $198,389 worth of Harsco Corporation (NYSE:HSC) on Friday, May 11.

Blackrock Inc, which manages about $2091.89 billion US Long portfolio, upped its stake in Donaldson Inc (NYSE:DCI) by 404,365 shares to 11.18 million shares, valued at $503.79M in 2018Q1, according to the filing. It also increased its holding in Syros Pharmaceuticals Inc by 354,591 shares in the quarter, for a total of 929,537 shares, and has risen its stake in Under Armour Inc (NYSE:UA).

Analysts await Harsco Corporation (NYSE:HSC) to report earnings on August, 2. They expect $0.35 earnings per share, up 59.09% or $0.13 from last year’s $0.22 per share. HSC’s profit will be $28.19M for 17.96 P/E if the $0.35 EPS becomes a reality. After $0.22 actual earnings per share reported by Harsco Corporation for the previous quarter, Wall Street now forecasts 59.09% EPS growth.

Among 5 analysts covering Harsco Corporation (NYSE:HSC), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Harsco Corporation had 14 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Buy” rating by Lake Street given on Wednesday, May 2. The company was maintained on Thursday, May 3 by KeyBanc Capital Markets. The firm earned “Buy” rating on Friday, September 15 by Argus Research. The stock of Harsco Corporation (NYSE:HSC) earned “Overweight” rating by KeyBanc Capital Markets on Wednesday, October 7. The stock of Harsco Corporation (NYSE:HSC) earned “Buy” rating by KeyBanc Capital Markets on Friday, November 10. Jefferies maintained it with “Buy” rating and $1900 target in Thursday, August 3 report. On Thursday, June 15 the stock rating was maintained by Jefferies with “Buy”. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, August 17. The firm earned “Overweight” rating on Wednesday, February 28 by KeyBanc Capital Markets. Lake Street initiated Harsco Corporation (NYSE:HSC) on Tuesday, September 13 with “Buy” rating.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.23, from 1.18 in 2017Q4. It worsened, as 17 investors sold HSC shares while 90 reduced holdings. 41 funds opened positions while 61 raised stakes. 65.98 million shares or 1.20% more from 65.20 million shares in 2017Q4 were reported. Great West Life Assurance Can has 0.01% invested in Harsco Corporation (NYSE:HSC) for 105,418 shares. Neuberger Berman Gp Limited Liability Company stated it has 1.26M shares. Ameriprise Fincl Inc holds 0.01% in Harsco Corporation (NYSE:HSC) or 687,958 shares. Swiss National Bank & Trust reported 139,500 shares stake. Rothschild Asset Mngmt Inc holds 0.46% or 2.02M shares in its portfolio. Wells Fargo And Company Mn reported 320,349 shares or 0% of all its holdings. Alps Advsr has 0.01% invested in Harsco Corporation (NYSE:HSC) for 33,246 shares. 500 were accumulated by Atwood & Palmer. Tower Rech Lc (Trc) has 0% invested in Harsco Corporation (NYSE:HSC). Smith Asset Management Group Inc Limited Partnership holds 0.08% or 110,972 shares. Louisiana State Employees Retirement Sys holds 35,700 shares or 0.03% of its portfolio. 25,224 were reported by Wellington Group Incorporated Llp. Moreover, Nj State Employees Deferred Compensation Plan has 0.2% invested in Harsco Corporation (NYSE:HSC) for 55,000 shares. Hanson & Doremus owns 15,628 shares. Fny Managed Accounts Ltd Liability invested in 68 shares.

More recent Harsco Corporation (NYSE:HSC) news were published by: Seekingalpha.com which released: “Harsco Back On Offense” on June 11, 2018. Also Globenewswire.com published the news titled: “Harsco Corporation Announces Launch of Amendments to Its Existing Credit Facilities” on June 05, 2018. Globenewswire.com‘s news article titled: “Harsco Acquires ALTEK, a Leading Supplier of Innovative Environmental and Technology Products to the Global …” with publication date: May 29, 2018 was also an interesting one.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “AT&T’s 70% Short-Term Trading Opportunity” on June 15, 2018, also Seekingalpha.com with their article: “AT&T: Ignore The Noise, Follow The Fundamentals” published on June 09, 2018, Seekingalpha.com published: “Retirement Strategies: Time For AT&T?” on June 07, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “AT&T Hits Rock Bottom – Buy Or Beware?” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “AT&T: The Clock Is Ticking” with publication date: May 30, 2018.

Investors sentiment increased to 0.92 in 2018 Q1. Its up 0.01, from 0.91 in 2017Q4. It is positive, as 76 investors sold T shares while 695 reduced holdings. 122 funds opened positions while 585 raised stakes. 3.08 billion shares or 0.35% less from 3.09 billion shares in 2017Q4 were reported. Sage Grp Inc reported 1,700 shares. Gagnon Securities Ltd Limited Liability Company reported 0.34% of its portfolio in AT&T Inc. (NYSE:T). 61,907 were accumulated by Strategy Asset Managers Ltd Liability. Rampart Co Limited Liability Company accumulated 122,519 shares. Bellecapital Intl Ltd reported 28,499 shares. Connable Office stated it has 0.67% of its portfolio in AT&T Inc. (NYSE:T). Dubuque Financial Bank Trust reported 13,283 shares or 0.08% of all its holdings. Hallmark Management has 60,732 shares for 0.26% of their portfolio. Highlander Management Lc reported 8,733 shares. Grassi Invest Management stated it has 0.21% in AT&T Inc. (NYSE:T). Lourd Ltd Liability has invested 0.13% in AT&T Inc. (NYSE:T). Mckinley Cap Ltd Delaware holds 0.08% of its portfolio in AT&T Inc. (NYSE:T) for 36,188 shares. Marathon Trading Investment Mgmt Lc holds 65,100 shares or 0.19% of its portfolio. Zwj Investment Counsel holds 624,672 shares or 2.01% of its portfolio. First Commercial Bank & Tru Of Newtown invested 0.87% in AT&T Inc. (NYSE:T).

Harsco Corporation (NYSE:HSC) Institutional Positions Chart

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