Hawaiian Telcom HoldCo (HCOM) Downgraded to Strong Sell at BidaskClub

Hawaiian Telcom HoldCo (NASDAQ:HCOM) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday, January 5th.

Hawaiian Telcom HoldCo (HCOM) traded down $0.28 during mid-day trading on Friday, reaching $28.69. 3,726 shares of the company’s stock traded hands, compared to its average volume of 8,835. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $337.21, a P/E ratio of -3.42 and a beta of 1.17. Hawaiian Telcom HoldCo has a 12 month low of $22.20 and a 12 month high of $31.91.

Hawaiian Telcom HoldCo (NASDAQ:HCOM) last posted its earnings results on Wednesday, November 8th. The utilities provider reported ($0.29) EPS for the quarter. Hawaiian Telcom HoldCo had a negative return on equity of 3.08% and a negative net margin of 26.32%.

A number of hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Hawaiian Telcom HoldCo by 0.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,117 shares of the utilities provider’s stock worth $103,000 after buying an additional 28 shares during the period. Rhumbline Advisers bought a new stake in shares of Hawaiian Telcom HoldCo during the 3rd quarter worth $228,000. Stevens Capital Management LP bought a new stake in shares of Hawaiian Telcom HoldCo during the 3rd quarter worth $275,000. OxFORD Asset Management LLP boosted its holdings in shares of Hawaiian Telcom HoldCo by 7.7% during the 2nd quarter. OxFORD Asset Management LLP now owns 9,730 shares of the utilities provider’s stock worth $243,000 after buying an additional 698 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Hawaiian Telcom HoldCo by 99.7% during the 2nd quarter. Sei Investments Co. now owns 10,212 shares of the utilities provider’s stock worth $255,000 after buying an additional 5,099 shares during the period. 68.83% of the stock is owned by institutional investors.

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Hawaiian Telcom HoldCo Company Profile

Hawaiian Telcom Holdco, Inc is a provider of communications services and products in Hawaii. The Company operates through two business segments: Telecommunications and Data Center Colocation. The Telecommunications segment provides local telephone service, including voice and data transport, custom calling features, network access, directory assistance and private lines.

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