Canton Hathaway LLC purchased a new stake in HC2 Holdings Inc (NYSE:HCHC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 287,780 shares of the technology company’s stock, valued at approximately $1,761,000. HC2 accounts for approximately 1.1% of Canton Hathaway LLC’s portfolio, making the stock its 6th biggest position. Canton Hathaway LLC owned approximately 0.64% of HC2 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. CAPROCK Group Inc. increased its position in shares of HC2 by 7.1% during the second quarter. CAPROCK Group Inc. now owns 150,000 shares of the technology company’s stock worth $878,000 after buying an additional 10,000 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in shares of HC2 during the second quarter worth $146,000. Schwab Charles Investment Management Inc. increased its position in shares of HC2 by 14.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 87,819 shares of the technology company’s stock worth $514,000 after buying an additional 11,019 shares during the period. BlackRock Inc. increased its position in shares of HC2 by 15.2% during the second quarter. BlackRock Inc. now owns 2,246,847 shares of the technology company’s stock worth $13,144,000 after buying an additional 296,743 shares during the period. Finally, MYDA Advisors LLC acquired a new stake in shares of HC2 during the second quarter worth $366,000. Hedge funds and other institutional investors own 56.41% of the company’s stock.
Several research firms have recently weighed in on HCHC. ValuEngine upgraded shares of HC2 from a “hold” rating to a “buy” rating in a research report on Monday, August 20th. Zacks Investment Research upgraded shares of HC2 from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th.
NYSE HCHC traded up $0.01 on Friday, hitting $5.66. 5,000 shares of the company were exchanged, compared to its average volume of 191,838. The firm has a market cap of $273.61 million, a PE ratio of -5.70 and a beta of 1.06. HC2 Holdings Inc has a 12 month low of $4.78 and a 12 month high of $7.79. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 4.16.
HC2 (NYSE:HCHC) last issued its earnings results on Wednesday, August 8th. The technology company reported ($0.69) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by ($0.24). The company had revenue of $496.78 million for the quarter, compared to the consensus estimate of $454.23 million. HC2 had a negative return on equity of 51.25% and a net margin of 0.32%. On average, equities analysts predict that HC2 Holdings Inc will post -2.22 earnings per share for the current year.
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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