HC2 Holdings Inc (NYSE:HCHC) – Research analysts at B. Riley issued their Q1 2019 EPS estimates for shares of HC2 in a research report issued on Thursday, November 8th. B. Riley analyst S. Sherbetchyan expects that the technology company will post earnings per share of ($0.44) for the quarter. B. Riley also issued estimates for HC2’s Q2 2019 earnings at ($0.29) EPS, Q3 2019 earnings at ($0.24) EPS and Q4 2019 earnings at ($0.19) EPS.
HC2 (NYSE:HCHC) last issued its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.69) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by ($0.24). The business had revenue of $496.78 million for the quarter, compared to analysts’ expectations of $454.23 million. HC2 had a return on equity of 44.90% and a net margin of 8.65%.
Several other research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of HC2 from a “hold” rating to a “buy” rating in a research note on Monday, August 20th. Zacks Investment Research upgraded shares of HC2 from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Thursday.
Shares of HC2 stock opened at $4.96 on Friday. The firm has a market cap of $240.89 million, a PE ratio of -5.01 and a beta of 1.23. HC2 has a 1-year low of $4.78 and a 1-year high of $7.79. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.55 and a current ratio of 3.35.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of HC2 by 1.1% during the 3rd quarter. BlackRock Inc. now owns 2,272,194 shares of the technology company’s stock valued at $13,905,000 after purchasing an additional 25,347 shares during the period. B. Riley Financial Inc. raised its position in shares of HC2 by 29.1% during the 2nd quarter. B. Riley Financial Inc. now owns 1,807,157 shares of the technology company’s stock valued at $10,571,000 after purchasing an additional 407,156 shares during the period. JPMorgan Chase & Co. raised its position in shares of HC2 by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,488,595 shares of the technology company’s stock valued at $9,110,000 after purchasing an additional 36,156 shares during the period. Northern Trust Corp raised its position in shares of HC2 by 4.2% during the 2nd quarter. Northern Trust Corp now owns 466,649 shares of the technology company’s stock valued at $2,730,000 after purchasing an additional 18,996 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of HC2 by 51.9% during the 2nd quarter. Renaissance Technologies LLC now owns 439,800 shares of the technology company’s stock valued at $2,573,000 after purchasing an additional 150,200 shares during the period. Hedge funds and other institutional investors own 57.19% of the company’s stock.
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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