HC2 Holdings Inc (NASDAQ:HCHC) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $9.00 for the company and are anticipating that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also given HC2 Holdings an industry rank of 177 out of 265 based on the ratings given to its competitors.
HCHC has been the topic of a number of research reports. Zacks Investment Research downgraded HC2 Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th. B. Riley reaffirmed a “buy” rating and issued a $9.00 price objective on shares of HC2 Holdings in a research note on Tuesday, November 8th.
In related news, CEO Philip Falcone bought 31,200 shares of the company’s stock in a transaction dated Friday, November 11th. The stock was purchased at an average price of $4.41 per share, for a total transaction of $137,592.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Michael J. Sena bought 10,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was bought at an average price of $4.55 per share, with a total value of $45,500.00. Following the acquisition, the chief financial officer now owns 163,194 shares in the company, valued at approximately $742,532.70. The disclosure for this purchase can be found here.
Several institutional investors have recently made changes to their positions in HCHC. Bridgeway Capital Management Inc. boosted its position 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 during the period. Wingspan Investment Management LP bought a new position in shares of HC2 Holdings during the second quarter worth approximately $6,289,000. Nomura Holdings Inc. boosted its position 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 during the period. Acadian Asset Management LLC bought a new position in shares of HC2 Holdings during the third quarter worth approximately $108,000. Finally, Nationwide Fund Advisors boosted its position 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 during the period.
HC2 Holdings (NASDAQ:HCHC) opened at 5.93 on Wednesday. The company’s 50 day moving average price is $5.10 and its 200-day moving average price is $4.72. HC2 Holdings has a one year low of $3.25 and a one year high of $6.07. The company’s market cap is $247.98 million.
The business also recently announced a special dividend, which will be paid on Monday, January 23rd. Stockholders of record on Monday, January 9th will be issued a $2.59 dividend. The ex-dividend date is Thursday, January 5th.
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