HC2 Holdings Inc (NYSE:HCHC) – Analysts at B. Riley issued their FY2017 earnings per share estimates for HC2 in a note issued to investors on Tuesday, March 13th, Zacks Investment Research reports. B. Riley analyst S. Sherbetchyan forecasts that the technology company will post earnings per share of ($1.11) for the year. B. Riley also issued estimates for HC2’s Q4 2017 earnings at ($0.16) EPS, Q1 2018 earnings at ($0.28) EPS, Q2 2018 earnings at ($0.18) EPS, Q3 2018 earnings at ($0.19) EPS, Q4 2018 earnings at ($0.12) EPS and FY2018 earnings at ($0.76) EPS.
Separately, Zacks Investment Research lowered HC2 from a “hold” rating to a “sell” rating in a research report on Tuesday, March 20th.
HCHC stock traded down $0.13 during trading on Thursday, reaching $5.47. 78,099 shares of the company’s stock were exchanged, compared to its average volume of 220,209. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.21 and a current ratio of 1.21. HC2 has a 1-year low of $4.30 and a 1-year high of $6.71. The firm has a market capitalization of $241.11, a PE ratio of -5.53 and a beta of 0.81.
HC2 (NYSE:HCHC) last released its quarterly earnings data on Wednesday, March 14th. The technology company reported ($0.13) earnings per share (EPS) for the quarter. HC2 had a negative net margin of 2.87% and a negative return on equity of 39.02%. The company had revenue of $458.50 million for the quarter, compared to analyst estimates of $432.20 million.
Several institutional investors and hedge funds have recently bought and sold shares of HCHC. JPMorgan Chase & Co. raised its position in shares of HC2 by 51.2% during the third quarter. JPMorgan Chase & Co. now owns 1,574,500 shares of the technology company’s stock worth $8,455,000 after purchasing an additional 533,100 shares during the period. CAPROCK Group Inc. acquired a new position in HC2 during the fourth quarter valued at $710,000. Vanguard Group Inc. raised its position in HC2 by 10.3% during the second quarter. Vanguard Group Inc. now owns 1,504,558 shares of the technology company’s stock valued at $8,847,000 after buying an additional 140,747 shares during the period. State Street Corp raised its position in HC2 by 17.1% during the second quarter. State Street Corp now owns 531,373 shares of the technology company’s stock valued at $3,121,000 after buying an additional 77,739 shares during the period. Finally, Luxor Capital Group LP raised its position in HC2 by 339.4% during the fourth quarter. Luxor Capital Group LP now owns 44,555 shares of the technology company’s stock valued at $265,000 after buying an additional 34,416 shares during the period. 62.22% of the stock is currently owned by institutional investors.
In other news, Director Wayne Barr, Jr. acquired 200,000 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were bought at an average price of $5.35 per share, with a total value of $1,070,000.00. Following the purchase, the director now owns 46,596 shares of the company’s stock, valued at $249,288.60. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.00% of the stock is currently owned by insiders.
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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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