HC2 Holdings Inc (NYSE:HCHC) Director Wayne Barr, Jr. bought 200,000 shares of the firm’s stock in a transaction on Friday, March 16th. The stock was acquired at an average price of $5.35 per share, for a total transaction of $1,070,000.00. Following the completion of the purchase, the director now directly owns 46,596 shares in the company, valued at $249,288.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSE HCHC traded up $0.01 during trading on Thursday, reaching $5.31. The company’s stock had a trading volume of 104,400 shares, compared to its average volume of 159,244. The firm has a market capitalization of $226.47, a P/E ratio of -5.36 and a beta of 0.81. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.15. HC2 Holdings Inc has a one year low of $4.30 and a one year high of $6.71.
HC2 (NYSE:HCHC) last announced its earnings results on Wednesday, March 14th. The technology company reported ($0.13) earnings per share for the quarter. The business had revenue of $458.50 million during the quarter, compared to the consensus estimate of $432.20 million. HC2 had a negative return on equity of 39.02% and a negative net margin of 2.87%. research analysts anticipate that HC2 Holdings Inc will post -1.44 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Luxor Capital Group LP boosted its holdings in shares of HC2 by 339.4% in the 4th quarter. Luxor Capital Group LP now owns 44,555 shares of the technology company’s stock worth $265,000 after purchasing an additional 34,416 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of HC2 in the 4th quarter worth about $126,000. Millennium Management LLC boosted its holdings in shares of HC2 by 468.2% in the 4th quarter. Millennium Management LLC now owns 73,300 shares of the technology company’s stock worth $436,000 after purchasing an additional 60,400 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of HC2 by 37.2% in the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 99,300 shares of the technology company’s stock worth $590,000 after purchasing an additional 26,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of HC2 by 221.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 60,451 shares of the technology company’s stock worth $360,000 after purchasing an additional 41,623 shares in the last quarter. Hedge funds and other institutional investors own 62.22% of the company’s stock.
Separately, Zacks Investment Research upgraded HC2 from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd.
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HC2 Company Profile
HC2 Holdings, Inc engages in construction, marine services, insurance, telecommunications, energy, life sciences, and other businesses in the United States, the United Kingdom, and internationally. The company fabricates and erects structural steel for commercial and industrial construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, and power plants.
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