Hawaiian Telcom HoldCo (HCOM) Upgraded at BidaskClub

BidaskClub upgraded shares of Hawaiian Telcom HoldCo (NASDAQ:HCOM) from a sell rating to a hold rating in a report issued on Wednesday.

Shares of Hawaiian Telcom HoldCo opened at $28.40 on Wednesday, according to Marketbeat.com. Hawaiian Telcom HoldCo has a 12 month low of $24.01 and a 12 month high of $31.91. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.35.

Hawaiian Telcom HoldCo (NASDAQ:HCOM) last announced its quarterly earnings results on Thursday, May 10th. The utilities provider reported ($0.49) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.28). Hawaiian Telcom HoldCo had a negative return on equity of 8.86% and a negative net margin of 30.57%. The business had revenue of $89.22 million for the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in shares of Hawaiian Telcom HoldCo by 26.7% during the 4th quarter. Wells Fargo & Company MN now owns 9,204 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 1,939 shares during the last quarter. OMERS ADMINISTRATION Corp increased its stake in shares of Hawaiian Telcom HoldCo by 4.8% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 52,400 shares of the utilities provider’s stock worth $1,398,000 after purchasing an additional 2,400 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Hawaiian Telcom HoldCo by 13.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,307 shares of the utilities provider’s stock worth $688,000 after purchasing an additional 2,632 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Hawaiian Telcom HoldCo by 41.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 13,702 shares of the utilities provider’s stock worth $423,000 after purchasing an additional 3,989 shares during the last quarter. Finally, Algert Global LLC increased its stake in shares of Hawaiian Telcom HoldCo by 23.8% during the 1st quarter. Algert Global LLC now owns 26,095 shares of the utilities provider’s stock worth $696,000 after purchasing an additional 5,010 shares during the last quarter. Institutional investors own 70.49% of the company’s stock.

About Hawaiian Telcom HoldCo

Hawaiian Telcom Holdco, Inc provides communications services and products to residential and business customers in the islands of Oahu, Maui, Hawaii, Kauai, Molokai, and Lanai. The company offers local telephone services, including voice and data transport, custom calling features, network access, directory assistance, and private lines.

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