Institutional Portfolio Updates
Empowered Funds Discloses New Stakes Across Four Publicly Traded Companies
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Key Points
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Empowered Funds’ Hurco position represented 0.38% of the company at the end of the quarter, while Hurco had a market capitalization of approximately $148.98 million and a price-to-earnings ratio of -22.32.
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Hurco designs, manufactures and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry.
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Among the other reported lululemon investors, MUFG Securities EMEA plc increased its position by 9,695.1% in the fourth quarter to 204,424 shares valued at about $42.5 million.
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Lululemon’s shares opened at $100.61, with the stock’s 50-day and 200-day moving averages at $118.42 and $136.36, respectively; its price-to-earnings ratio was 8.24.
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Ball Corporation’s shares opened at $62.74, while its reported debt-to-equity ratio was 1.13, quick ratio was 0.66, and institutional investors owned 86.51% of the stock.
Empowered Funds LLC disclosed five new stock positions in the second quarter, building stakes worth roughly $516,000 to $768,000 each across lululemon athletica, Hurco Companies, MGIC Investment, Ball Corporation, and Otter Tail Corporation. Defense World reported the moves as institutional investors continued reshaping their portfolios across industrial, apparel, and insurance sectors.
Hurco Stakes Jump Despite Sell Ratings
Empowered Funds purchased 24,839 shares of Hurco Companies, a CNC machine tool manufacturer, valued at approximately $569,000 during Q2. The stake represented 0.38% of the company's roughly $149 million market cap. Defense World noted that Hurco designs and distributes computer numerical control systems to the global manufacturing industry.
Hurco's shares traded near their 52-week high, but sell ratings from Weiss Ratings and analyst consensus suggested caution. The company's negative price-to-earnings ratio of -22.32 reflected recent profitability challenges. Institutional investors owned about 74% of Hurco's stock.
Lululemon Stock Falls Despite Beat on Earnings
Empowered Funds bought 6,722 lululemon shares worth $768,000 in Q2, while other institutions made bigger moves. Defense World reported that MUFG Securities EMEA plc surged its position by 9,695% to 204,424 shares valued at roughly $42.5 million in the fourth quarter.
Lululemon's stock opened at $100.61, trading near its 52-week low despite fiscal second-quarter adjusted earnings beating consensus forecasts. The stock's price-to-earnings ratio stood at 8.24. The 50-day moving average sat at $118.42, while the 200-day moving average was $136.36.
MGIC, Ball, and Otter Tail Round Out New Positions
Empowered Funds acquired 25,401 shares of mortgage insurer MGIC Investment Corporation valued at approximately $569,000 in Q2. Defense World reported institutional investors controlled 96% of MGIC's stock, showing deep trust in the company despite mortgage market uncertainties.
The fund also built positions in Ball Corporation and Otter Tail Corporation. Ball shares opened at $62.74 with a debt-to-equity ratio of 1.13 and institutional ownership of 86.51%. Empowered Funds purchased 8,170 Otter Tail shares worth roughly $735,000, adding to positions held across the utilities and container sectors.
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