HC2 Holdings Inc (HCHC) CEO Philip Falcone Buys 21,000 Shares of Stock
HC2 Holdings Inc (NASDAQ:HCHC) CEO Philip Falcone purchased 21,000 shares of HC2 Holdings stock in a transaction that occurred on Monday, November 14th. The shares were purchased at an average price of $4.53 per share, for a total transaction of $95,130.00. Following the transaction, the chief executive officer now directly owns 805,827 shares in the company, valued at approximately $3,650,396.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Philip Falcone also recently made the following trade(s):
- On Friday, November 11th, Philip Falcone purchased 31,200 shares of HC2 Holdings stock. The shares were purchased at an average price of $4.41 per share, for a total transaction of $137,592.00.
Shares of HC2 Holdings Inc (NASDAQ:HCHC) remained flat at $4.53 during trading on Thursday. The company’s market capitalization is $189.44 million. HC2 Holdings Inc has a 12-month low of $3.25 and a 12-month high of $6.35. The stock has a 50-day moving average of $4.78 and a 200-day moving average of $4.52.
A number of analysts have weighed in on HCHC shares. Zacks Investment Research upgraded shares of HC2 Holdings from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Tuesday, August 23rd. B. Riley reissued a “buy” rating and set a $9.00 target price on shares of HC2 Holdings in a research note on Tuesday, November 8th.
A number of large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in shares of HC2 Holdings during the third quarter valued at $108,000. Benchmark Capital Advisors acquired a new position in shares of HC2 Holdings during the third quarter valued at about $109,000. Acrospire Investment Management LLC acquired a new position in shares of HC2 Holdings during the third quarter valued at about $120,000. Emerald Acquisition Ltd. acquired a new position in shares of HC2 Holdings during the third quarter valued at about $139,000. Finally, Rhumbline Advisers raised its position in shares of HC2 Holdings by 1.9% in the third quarter. Rhumbline Advisers now owns 26,319 shares of the company’s stock valued at $143,000 after buying an additional 500 shares during the last quarter.
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