B. Riley reissued their buy rating on shares of HC2 Holdings, Inc. (NYSE:HCHC) in a report issued on Monday. The brokerage currently has a $11.50 price objective on the technology company’s stock.

Separately, Zacks Investment Research raised HC2 Holdings from a sell rating to a hold rating in a research note on Wednesday, October 11th.

HC2 Holdings (NYSE HCHC) opened at $5.50 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 6.06. HC2 Holdings has a one year low of $4.30 and a one year high of $7.27.

HC2 Holdings (NYSE:HCHC) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.07). HC2 Holdings had a negative net margin of 6.13% and a negative return on equity of 67.69%. The company had revenue of $406.40 million during the quarter, compared to analyst estimates of $428.04 million. During the same period in the previous year, the company posted ($0.20) EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. research analysts predict that HC2 Holdings will post -1.11 earnings per share for the current year.

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In other HC2 Holdings news, insider Suzi R. Herbst sold 5,303 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $4.99, for a total value of $26,461.97. Following the completion of the sale, the insider now directly owns 27,493 shares in the company, valued at $137,190.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert V. Leffler, Jr. sold 20,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $5.00, for a total value of $100,000.00. Following the completion of the sale, the director now owns 19,779 shares of the company’s stock, valued at $98,895. The disclosure for this sale can be found here. Corporate insiders own 16.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in HCHC. Parametric Portfolio Associates LLC increased its holdings in shares of HC2 Holdings by 154.1% in the first quarter. Parametric Portfolio Associates LLC now owns 30,440 shares of the technology company’s stock worth $189,000 after acquiring an additional 18,461 shares in the last quarter. American International Group Inc. increased its holdings in shares of HC2 Holdings by 7.1% in the first quarter. American International Group Inc. now owns 20,563 shares of the technology company’s stock worth $127,000 after acquiring an additional 1,364 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of HC2 Holdings by 24.6% in the first quarter. Vanguard Group Inc. now owns 1,363,811 shares of the technology company’s stock worth $8,456,000 after acquiring an additional 269,259 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of HC2 Holdings by 16.4% in the first quarter. Geode Capital Management LLC now owns 251,046 shares of the technology company’s stock worth $1,556,000 after acquiring an additional 35,290 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of HC2 Holdings by 109.9% in the first quarter. Dimensional Fund Advisors LP now owns 510,588 shares of the technology company’s stock worth $3,166,000 after acquiring an additional 267,370 shares in the last quarter. Institutional investors own 61.66% of the company’s stock.

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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