American International Group Inc. boosted its stake in shares of HC2 Holdings Inc (NASDAQ:HCHC) by 7.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,563 shares of the technology company’s stock after buying an additional 1,364 shares during the period. American International Group Inc.’s holdings in HC2 Holdings were worth $127,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in HC2 Holdings during the first quarter valued at about $108,000. Benchmark Capital Advisors raised its position in HC2 Holdings by 14.3% in the first quarter. Benchmark Capital Advisors now owns 40,000 shares of the technology company’s stock valued at $248,000 after buying an additional 5,000 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in HC2 Holdings by 154.1% in the first quarter. Parametric Portfolio Associates LLC now owns 30,440 shares of the technology company’s stock valued at $189,000 after buying an additional 18,461 shares in the last quarter. TFS Capital LLC raised its position in HC2 Holdings by 672.1% in the first quarter. TFS Capital LLC now owns 169,249 shares of the technology company’s stock valued at $1,049,000 after buying an additional 147,327 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in HC2 Holdings by 72.8% in the first quarter. Wells Fargo & Company MN now owns 32,752 shares of the technology company’s stock valued at $203,000 after buying an additional 13,800 shares in the last quarter.
Shares of HC2 Holdings Inc (HCHC) opened at 4.45 on Friday. The company’s market capitalization is $191.40 million. HC2 Holdings Inc has a 1-year low of $3.80 and a 1-year high of $7.27. The firm’s 50-day moving average price is $5.81 and its 200 day moving average price is $5.83.
HC2 Holdings (NASDAQ:HCHC) last issued its earnings results on Wednesday, August 9th. The technology company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.17. The company had revenue of $378.65 million for the quarter, compared to the consensus estimate of $424.16 million. Equities analysts predict that HC2 Holdings Inc will post ($1.00) EPS for the current fiscal year.
A number of analysts recently issued reports on HCHC shares. Zacks Investment Research raised HC2 Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. B. Riley reissued a “buy” rating and set a $10.50 price target on shares of HC2 Holdings in a research report on Sunday, May 14th.
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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