B. Riley Reiterates “Buy” Rating for HC2 Holdings Inc (NASDAQ:HCHC)
HC2 Holdings Inc (NASDAQ:HCHC)‘s stock had its “buy” rating reissued by stock analysts at B. Riley in a research report issued to clients and investors on Tuesday. They currently have a $10.50 price objective on the technology company’s stock. B. Riley’s price objective suggests a potential upside of 78.57% from the company’s previous close.
Separately, Zacks Investment Research downgraded HC2 Holdings from a “hold” rating to a “sell” rating in a research report on Monday, May 15th.
HC2 Holdings (NASDAQ HCHC) traded up 1.19% during trading on Tuesday, reaching $5.95. The company’s stock had a trading volume of 52,998 shares. The stock’s 50 day moving average is $5.97 and its 200 day moving average is $5.95. HC2 Holdings has a 12 month low of $3.80 and a 12 month high of $7.27. The company’s market cap is $250.82 million.
Large investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of HC2 Holdings by 159.1% in the first quarter. Bank of America Corp DE now owns 17,065 shares of the technology company’s stock worth $106,000 after buying an additional 10,479 shares during the period. SG Americas Securities LLC acquired a new stake in shares of HC2 Holdings during the first quarter worth about $108,000. Acadian Asset Management LLC acquired a new stake in shares of HC2 Holdings during the third quarter worth about $108,000. Russell Investments Group Ltd. acquired a new stake in shares of HC2 Holdings during the fourth quarter worth about $119,000. Finally, Benchmark Capital Advisors acquired a new stake in shares of HC2 Holdings during the third quarter worth about $109,000.
HC2 Holdings Company Profile
HC2 Holdings, Inc engages in construction, marine services, insurance, telecommunications, energy, 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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