JPMorgan Chase & Co. Has $4,696,000 Stake in HC2 Holdings Inc (HCHC)
JPMorgan Chase & Co. increased its position in HC2 Holdings Inc (NASDAQ:HCHC) by 396,958.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 861,617 shares of the company’s stock after buying an additional 861,400 shares during the period. JPMorgan Chase & Co. owned about 2.43% of HC2 Holdings worth $4,696,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Nationwide Fund Advisors boosted its stake in shares of HC2 Holdings by 857.5% in the third quarter. Nationwide Fund Advisors now owns 199,886 shares of the company’s stock worth $1,089,000 after buying an additional 179,011 shares in the last quarter. 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. Acadian Asset Management LLC bought a new stake in shares of HC2 Holdings during the third quarter worth approximately $108,000. Wingspan Investment Management LP bought a new stake in shares of HC2 Holdings during the second quarter worth approximately $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.
Shares of HC2 Holdings Inc (NASDAQ:HCHC) traded down 2.32% during trading on Friday, reaching $6.74. 323,545 shares of the company were exchanged. The company’s 50-day moving average is $5.62 and its 200 day moving average is $4.87. The firm’s market capitalization is $281.85 million. HC2 Holdings Inc has a 1-year low of $3.25 and a 1-year high of $6.98.
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A number of brokerages recently weighed in on HCHC. Zacks Investment Research lowered shares of HC2 Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. B. Riley restated a “buy” rating and issued a $9.00 price objective on shares of HC2 Holdings in a report on Sunday, November 13th.
In related news, insider Paul Voigt bought 25,000 shares of HC2 Holdings stock in a transaction dated Monday, November 14th. The shares were acquired at an average cost of $4.58 per share, with a total value of $114,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Philip Falcone bought 31,200 shares of HC2 Holdings stock in a transaction dated Friday, November 11th. The shares were bought at an average cost of $4.41 per share, for a total transaction of $137,592.00. The disclosure for this purchase can be found here.
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