HC2 Holdings Inc (HCHC) Position Held by American Financial Group Inc.
American Financial Group Inc. continued to hold its stake in shares of HC2 Holdings Inc (NASDAQ:HCHC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,007,421 shares of the company’s stock at the end of the third quarter. American Financial Group Inc. owned about 2.84% of HC2 Holdings worth $5,490,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in HC2 Holdings by 396,958.5% in the third quarter. JPMorgan Chase & Co. now owns 861,617 shares of the company’s stock worth $4,696,000 after buying an additional 861,400 shares during the period. Nationwide Fund Advisors increased its stake in 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. Acadian Asset Management LLC purchased a new stake in HC2 Holdings during the third quarter worth $108,000. Nomura Holdings Inc. increased its stake in 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. Finally, Wingspan Investment Management LP purchased a new stake in HC2 Holdings during the second quarter worth $6,289,000.
Shares of HC2 Holdings Inc (NASDAQ:HCHC) remained flat at $4.76 on Tuesday. The company’s market cap is $199.05 million. HC2 Holdings Inc has a one year low of $3.25 and a one year high of $6.34. The company’s 50-day moving average price is $4.59 and its 200 day moving average price is $4.55.
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A number of research analysts recently weighed in on HCHC shares. Zacks Investment Research raised HC2 Holdings from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a research note on Tuesday, August 23rd. B. Riley reissued a “buy” rating and issued a $8.50 price objective on shares of HC2 Holdings in a research note on Tuesday, August 9th.
In other HC2 Holdings news, CFO Michael J. Sena acquired 10,000 shares of the company’s stock in a transaction on Monday, November 14th. The shares were purchased at an average price of $4.55 per share, for a total transaction of $45,500.00. Following the completion of the purchase, the chief financial officer now directly owns 163,194 shares of the company’s stock, valued at $742,532.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Philip Falcone acquired 21,000 shares of the company’s stock in a transaction on Monday, November 14th. The stock was acquired at an average price of $4.53 per share, for a total transaction of $95,130.00. Following the purchase, the chief executive officer now directly owns 805,827 shares of the company’s stock, valued at $3,650,396.31. The disclosure for this purchase can be found here.
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