Primus Telecom (NYSE:HCHC) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $13.50 for the company and are expecting that the company will post ($0.45) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Primus Telecom an industry rank of 69 out of 255 based on the ratings given to related companies.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Primus Telecom from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. B. Riley upped their price target on shares of Primus Telecom from $11.50 to $13.50 and gave the company a “buy” rating in a research report on Friday, May 11th. Finally, ValuEngine upgraded shares of Primus Telecom from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.
In other news, Director Wayne Barr, Jr. purchased 200,000 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were purchased at an average price of $5.35 per share, for a total transaction of $1,070,000.00. Following the completion of the acquisition, the director now directly owns 46,596 shares in the company, valued at approximately $249,288.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 17.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC purchased a new position in shares of Primus Telecom during the 4th quarter worth $126,000. Luxor Capital Group LP grew its stake in shares of Primus Telecom 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 buying an additional 34,416 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Primus Telecom by 48.6% in the 3rd quarter. Wells Fargo & Company MN now owns 58,523 shares of the technology company’s stock worth $309,000 after buying an additional 19,148 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of Primus Telecom in the 4th quarter worth $345,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Primus Telecom 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 buying an additional 41,623 shares in the last quarter. Institutional investors own 59.42% of the company’s stock.
Primus Telecom traded up $0.06, reaching $6.22, during mid-day trading on Friday, Marketbeat reports. 279 shares of the company traded hands, compared to its average volume of 256,052. Primus Telecom has a fifty-two week low of $4.30 and a fifty-two week high of $7.79. The company has a market capitalization of $274.52 million, a P/E ratio of -6.28 and a beta of 0.87. The company has a debt-to-equity ratio of 5.19, a quick ratio of 1.24 and a current ratio of 1.24.
Primus Telecom (NYSE:HCHC) last posted its quarterly earnings results on Wednesday, March 14th. The technology company reported ($0.13) EPS for the quarter. The company had revenue of $458.50 million during the quarter, compared to the consensus estimate of $432.20 million. Primus Telecom had a negative return on equity of 51.57% and a negative net margin of 3.97%. sell-side analysts forecast that Primus Telecom will post -1.8 earnings per share for the current fiscal year.
About Primus Telecom
HC2 Holdings, Inc engages in the construction, marine services, energy, telecommunications, insurance, 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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