HC2 Holdings (HCHC) Given News Sentiment Rating of 0.13
News articles about HC2 Holdings (NYSE:HCHC) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HC2 Holdings earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.2969632015865 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
HC2 Holdings (HCHC) remained flat at $$5.50 during trading on Friday. 124,300 shares of the company traded hands, compared to its average volume of 218,136. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 6.06. HC2 Holdings has a 52 week low of $4.30 and a 52 week high of $7.27.
HC2 Holdings (NYSE:HCHC) last posted its quarterly earnings data on Wednesday, November 8th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The company had revenue of $406.40 million during the quarter, compared to the consensus estimate of $428.04 million. HC2 Holdings had a negative net margin of 6.13% and a negative return on equity of 67.69%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.20) earnings per share. analysts anticipate that HC2 Holdings will post -1.11 EPS for the current fiscal year.
HCHC has been the subject of several recent analyst reports. B. Riley set a $10.00 price objective on shares of HC2 Holdings and gave the company a “buy” rating in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of HC2 Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th.
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In related news, insider Suzi R. Herbst sold 5,303 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $4.99, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert V. Leffler, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $5.00, for a total transaction of $100,000.00. Following 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. Company insiders own 16.00% of the company’s stock.
About HC2 Holdings
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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