Shares of HC2 Holdings Inc (NYSE:HCHC) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price objective of $11.50 for the company and are predicting that the company will post ($0.16) earnings per share for the current quarter, according to Zacks. Zacks has also given HC2 an industry rank of 96 out of 265 based on the ratings given to related companies.
Several equities analysts have recently commented on HCHC shares. B. Riley reaffirmed a “buy” rating and issued a $11.50 price target (up previously from $10.00) on shares of HC2 in a research note on Tuesday, November 7th. Zacks Investment Research upgraded HC2 from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd.
Shares of HC2 (HCHC) traded up $0.11 during trading on Friday, hitting $5.37. The stock had a trading volume of 70,495 shares, compared to its average volume of 133,779. HC2 has a twelve month low of $4.30 and a twelve month high of $6.71. The firm has a market cap of $231.20, a price-to-earnings ratio of -2.09 and a beta of 0.67. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.06.
Several hedge funds have recently bought and sold shares of HCHC. Voya Investment Management LLC raised its holdings in shares of HC2 by 29.2% in the 2nd quarter. Voya Investment Management LLC now owns 20,115 shares of the technology company’s stock valued at $118,000 after buying an additional 4,546 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of HC2 in the 4th quarter valued at $126,000. Alliancebernstein L.P. purchased a new stake in shares of HC2 in the 2nd quarter valued at $151,000. New York State Common Retirement Fund raised its holdings in shares of HC2 by 5.6% in the 2nd quarter. New York State Common Retirement Fund now owns 26,200 shares of the technology company’s stock valued at $154,000 after buying an additional 1,399 shares during the period. Finally, PEAK6 Investments L.P. purchased a new stake in shares of HC2 in the 3rd quarter valued at $179,000. Hedge funds and other institutional investors own 59.79% of the company’s stock.
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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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