Acadian Asset Management LLC reduced its position in shares of HC2 Holdings, Inc. (NYSE:HCHC) by 83.4% in the first quarter, HoldingsChannel reports. The firm owned 79,447 shares of the technology company’s stock after selling 399,503 shares during the quarter. Acadian Asset Management LLC’s holdings in HC2 were worth $313,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently made changes to their positions in the company. Citigroup Inc. grew its stake in shares of HC2 by 487.5% during the 4th quarter. Citigroup Inc. now owns 10,699 shares of the technology company’s stock valued at $35,000 after acquiring an additional 8,878 shares during the period. ProShare Advisors LLC bought a new position in shares of HC2 during the 4th quarter valued at approximately $40,000. Virtu Financial LLC bought a new position in shares of HC2 during the 4th quarter valued at approximately $45,000. Principal Financial Group Inc. bought a new position in shares of HC2 during the 4th quarter valued at approximately $45,000. Finally, Walleye Trading LLC purchased a new position in HC2 in the 4th quarter worth approximately $54,000. Institutional investors own 37.19% of the company’s stock.
NYSE HCHC opened at $4.16 on Friday. The business has a 50 day simple moving average of $4.05. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.12. HC2 Holdings, Inc. has a 12 month low of $2.06 and a 12 month high of $4.75. The stock has a market cap of $322.87 million, a PE ratio of -52.00 and a beta of 2.33.
In related news, Director Avram A. Glazer purchased 53,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 22nd. The shares were bought at an average price of $3.74 per share, for a total transaction of $200,090.00. Following the acquisition, the director now owns 33,747 shares of the company’s stock, valued at approximately $126,213.78. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Avram A. Glazer purchased 11,588 shares of the firm’s stock in a transaction that occurred on Monday, June 21st. The shares were bought at an average price of $3.93 per share, for a total transaction of $45,540.84. Following the acquisition, the director now directly owns 56,303 shares in the company, valued at approximately $221,270.79. The disclosure for this purchase can be found here. Insiders have bought a total of 507,921 shares of company stock worth $1,931,198 over the last ninety days. Insiders own 23.20% of the company’s stock.
HC2 Company Profile
HC2 Holdings, Inc, through its subsidiaries, provides construction, insurance, life sciences, broadcasting, and other services in the United States, the United Kingdom, and internationally. The company models, details, fabricates, and erects structural steel for commercial and industrial, and infrastructure construction projects, including building 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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