Spark Investment Management LLC purchased a new position in shares of HC2 Holdings Inc (NASDAQ:HCHC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 92,900 shares of the technology company’s stock, valued at approximately $546,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in HC2 Holdings by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 29,217 shares of the technology company’s stock worth $181,000 after buying an additional 1,931 shares in the last quarter. Driehaus Capital Management LLC increased its stake in HC2 Holdings by 202.5% in the first quarter. Driehaus Capital Management LLC now owns 142,976 shares of the technology company’s stock worth $886,000 after buying an additional 95,719 shares in the last quarter. Raging Capital Management LLC purchased a new stake in HC2 Holdings during the first quarter worth about $1,157,000. Bank of America Corp DE increased its stake in HC2 Holdings by 159.1% in the first quarter. Bank of America Corp DE now owns 17,065 shares of the technology company’s stock worth $106,000 after buying an additional 10,479 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC increased its stake in HC2 Holdings by 26.8% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 380,409 shares of the technology company’s stock worth $2,359,000 after buying an additional 80,409 shares in the last quarter.

HC2 Holdings Inc (NASDAQ:HCHC) opened at 5.03 on Friday. The company’s 50 day moving average price is $5.97 and its 200-day moving average price is $5.91. HC2 Holdings Inc has a 52 week low of $3.80 and a 52 week high of $7.27. The company’s market capitalization is $216.30 million.

HC2 Holdings (NASDAQ:HCHC) last announced its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.17. The firm had revenue of $378.65 million during the quarter, compared to analysts’ expectations of $424.16 million. Equities research analysts expect that HC2 Holdings Inc will post ($0.90) earnings per share for the current year.

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A number of research firms have issued reports on HCHC. B. Riley restated a “buy” rating and set a $10.50 price target on shares of HC2 Holdings in a research note on Tuesday. Zacks Investment Research upgraded HC2 Holdings from a “sell” rating to a “hold” rating in a research note 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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Institutional Ownership by Quarter for HC2 Holdings (NASDAQ:HCHC)

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