HC2 (NYSE:HCHC) Trading 9.1% Higher
Shares of HC2 Holdings Inc (NYSE:HCHC) traded up 9.1% on Thursday . The company traded as high as $2.43 and last traded at $2.40, 502,669 shares traded hands during mid-day trading. An increase of 35% from the average session volume of 372,113 shares. The stock had previously closed at $2.20.
Separately, Zacks Investment Research upgraded Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th.
The stock has a market cap of $100.29 million, a PE ratio of -2.93 and a beta of 1.38. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.97 and a current ratio of 1.97. The company’s 50 day simple moving average is $2.40.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of HC2 by 1.2% during the fourth quarter. BlackRock Inc. now owns 2,298,829 shares of the technology company’s stock valued at $6,069,000 after buying an additional 26,635 shares during the period. Equitec Specialists LLC boosted its position in HC2 by 25.2% during the second quarter. Equitec Specialists LLC now owns 727,092 shares of the technology company’s stock valued at $1,716,000 after purchasing an additional 146,500 shares in the last quarter. Acadian Asset Management LLC boosted its position in HC2 by 7.6% during the first quarter. Acadian Asset Management LLC now owns 458,156 shares of the technology company’s stock valued at $1,123,000 after purchasing an additional 32,340 shares in the last quarter. Geode Capital Management LLC boosted its position in HC2 by 5.1% during the fourth quarter. Geode Capital Management LLC now owns 376,741 shares of the technology company’s stock valued at $994,000 after purchasing an additional 18,129 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in HC2 by 7.2% during the first quarter. Gabelli Funds LLC now owns 307,000 shares of the technology company’s stock valued at $752,000 after purchasing an additional 20,690 shares in the last quarter. Hedge funds and other institutional investors own 63.02% of the company’s stock.
HC2 Company Profile (NYSE:HCHC)
HC2 Holdings, Inc provides construction, marine services, energy, telecommunications, insurance, life sciences, broadcasting, and other services in the United States, the United Kingdom, and internationally. The company models, details, fabricates, and erects structural steel for commercial and industrial, and infrastructure construction projects, including building 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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