HC2 Holdings Inc (HCHC) Shares Bought by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. increased its position in shares of HC2 Holdings Inc (NASDAQ:HCHC) by 7.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,217 shares of the technology company’s stock after buying an additional 1,931 shares during the period. Goldman Sachs Group Inc. owned 0.07% of HC2 Holdings worth $181,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in HCHC. Vanguard Group Inc. raised its position in HC2 Holdings by 24.6% in the first quarter. Vanguard Group Inc. now owns 1,363,811 shares of the technology company’s stock valued at $8,456,000 after buying an additional 269,259 shares during the last quarter. Menta Capital LLC raised its position in HC2 Holdings by 12.2% in the first quarter. Menta Capital LLC now owns 531,442 shares of the technology company’s stock valued at $3,295,000 after buying an additional 57,776 shares during the last quarter. B. Riley Financial Inc. raised its position in HC2 Holdings by 31.3% in the first quarter. B. Riley Financial Inc. now owns 667,650 shares of the technology company’s stock valued at $4,140,000 after buying an additional 159,263 shares during the last quarter. Mittleman Brothers LLC raised its position in HC2 Holdings by 2.6% in the first quarter. Mittleman Brothers LLC now owns 1,695,323 shares of the technology company’s stock valued at $10,511,000 after buying an additional 42,187 shares during the last quarter. Finally, American International Group Inc. raised its position in HC2 Holdings by 7.1% in the first quarter. American International Group Inc. now owns 20,563 shares of the technology company’s stock valued at $127,000 after buying an additional 1,364 shares during the last quarter.
HC2 Holdings Inc (NASDAQ:HCHC) traded up 1.08% during trading on Wednesday, hitting $4.68. 75,423 shares of the company traded hands. HC2 Holdings Inc has a one year low of $3.80 and a one year high of $7.27. The firm has a 50 day moving average of $5.62 and a 200 day moving average of $5.75. The firm’s market cap is $201.30 million.
HC2 Holdings (NASDAQ:HCHC) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.17. The business had revenue of $378.65 million for the quarter, compared to analysts’ expectations of $424.16 million. On average, analysts expect that HC2 Holdings Inc will post ($1.00) earnings per share for the current fiscal year.
Several research firms recently weighed in on HCHC. B. Riley restated a “buy” rating and set a $10.00 target price on shares of HC2 Holdings in a report on Sunday, August 13th. Zacks Investment Research upgraded shares of HC2 Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th.
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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