Zacks: HC2 Holdings Inc (NASDAQ:HCHC) Given Average Recommendation of “Strong Buy” by Brokerages
Shares of HC2 Holdings Inc (NASDAQ:HCHC) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $9.00 for the company and are predicting that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also given HC2 Holdings an industry rank of 198 out of 265 based on the ratings given to related companies.
HCHC has been the topic of a number of research reports. Zacks Investment Research raised shares of HC2 Holdings from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research note on Tuesday, August 23rd. B. Riley initiated coverage on shares of HC2 Holdings in a research note on Monday, June 20th. They issued a “buy” rating and a $8.50 price target on the stock.
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Shares of HC2 Holdings (NASDAQ:HCHC) traded up 0.52% during mid-day trading on Friday, hitting $5.75. The stock had a trading volume of 123,852 shares. HC2 Holdings has a one year low of $3.25 and a one year high of $8.09. The firm’s 50 day moving average price is $4.88 and its 200-day moving average price is $4.32. The company’s market cap is $203.76 million.
HC2 Holdings (NASDAQ:HCHC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.02 earnings per share for the quarter. The company earned $359.30 million during the quarter, compared to analyst estimates of $280.98 million. On average, equities research analysts anticipate that HC2 Holdings will post ($1.17) earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Nomura Holdings Inc. boosted its stake in shares of HC2 Holdings by 100.0% in the second quarter. Nomura Holdings Inc. now owns 239,580 shares of the company’s stock worth $1,030,000 after buying an additional 119,790 shares in the last quarter. Wingspan Investment Management LP acquired a new stake in shares of HC2 Holdings during the second quarter worth about $6,289,000. Finally, Bridgeway Capital Management Inc. boosted its stake in shares of HC2 Holdings by 29.9% in the second quarter. Bridgeway Capital Management Inc. now owns 393,029 shares of the company’s stock worth $1,690,000 after buying an additional 90,429 shares in the last quarter.
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