HC2 Holdings Inc (NYSE:HCHC) Shares Sold by Northern Trust Corp

Northern Trust Corp lessened its holdings in shares of HC2 Holdings Inc (NYSE:HCHC) by 4.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 457,401 shares of the technology company’s stock after selling 22,023 shares during the period. Northern Trust Corp’s holdings in HC2 were worth $1,079,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quinn Opportunity Partners LLC boosted its stake in HC2 by 17.9% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 104,023 shares of the technology company’s stock worth $245,000 after purchasing an additional 15,816 shares during the last quarter. Menta Capital LLC boosted its stake in HC2 by 43.2% during the 2nd quarter. Menta Capital LLC now owns 133,676 shares of the technology company’s stock worth $315,000 after purchasing an additional 40,330 shares during the last quarter. CAPROCK Group Inc. boosted its stake in HC2 by 30.5% during the 2nd quarter. CAPROCK Group Inc. now owns 143,500 shares of the technology company’s stock worth $339,000 after purchasing an additional 33,500 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in HC2 by 2,014.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 334,105 shares of the technology company’s stock worth $789,000 after purchasing an additional 318,305 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in HC2 by 11.8% during the 2nd quarter. Acadian Asset Management LLC now owns 512,180 shares of the technology company’s stock worth $1,208,000 after purchasing an additional 54,024 shares during the last quarter. 55.26% of the stock is currently owned by institutional investors.

NYSE HCHC opened at $2.17 on Friday. HC2 Holdings Inc has a 52 week low of $1.90 and a 52 week high of $5.75. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.92. The business’s fifty day simple moving average is $2.21 and its 200-day simple moving average is $2.30. The firm has a market cap of $99.49 million, a PE ratio of -2.65 and a beta of 1.51.

HC2 (NYSE:HCHC) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.22. HC2 had a return on equity of 2.27% and a net margin of 7.28%. The business had revenue of $518.60 million for the quarter, compared to analyst estimates of $490.20 million. Research analysts expect that HC2 Holdings Inc will post -0.26 EPS for the current year.

Several brokerages have issued reports on HCHC. B. Riley set a $11.00 target price on shares of HC2 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Zacks Investment Research upgraded HC2 from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Thursday, October 10th. Finally, ValuEngine lowered HC2 from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th.

HC2 Company Profile

HC2 Holdings, Inc provides construction, marine services, energy, telecommunications, 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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Institutional Ownership by Quarter for HC2 (NYSE:HCHC)

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