Paul Voigt Acquires 25,000 Shares of HC2 Holdings Inc (HCHC) Stock
HC2 Holdings Inc (NASDAQ:HCHC) insider Paul Voigt bought 25,000 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were purchased at an average price of $4.58 per share, for a total transaction of $114,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
HC2 Holdings Inc (NASDAQ:HCHC) opened at 4.53 on Thursday. HC2 Holdings Inc has a one year low of $3.25 and a one year high of $6.35. The firm’s market capitalization is $189.44 million. The company’s 50-day moving average is $4.78 and its 200-day moving average is $4.52.
Several hedge funds have recently made changes to their positions in HCHC. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of HC2 Holdings during the third quarter valued at approximately $262,000. Credit Suisse AG raised its stake in shares of HC2 Holdings by 8.2% in the third quarter. Credit Suisse AG now owns 29,573 shares of the company’s stock valued at $160,000 after buying an additional 2,235 shares in the last quarter. B. Riley Financial Inc. raised its stake in shares of HC2 Holdings by 44.6% in the third quarter. B. Riley Financial Inc. now owns 564,359 shares of the company’s stock valued at $3,075,000 after buying an additional 174,135 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of HC2 Holdings during the third quarter valued at about $265,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of HC2 Holdings during the third quarter valued at about $5,591,000.
A number of equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $9.00 target price on shares of HC2 Holdings in a report on Monday, October 17th. Zacks Investment Research downgraded shares of HC2 Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th.
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