Mittleman Brothers LLC Cuts Stake in HC2 Holdings Inc (HCHC)
Mittleman Brothers LLC cut its stake in shares of HC2 Holdings Inc (NASDAQ:HCHC) by 0.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,687,876 shares of the technology company’s stock after selling 7,447 shares during the period. HC2 Holdings makes up about 5.4% of Mittleman Brothers LLC’s holdings, making the stock its 7th biggest position. Mittleman Brothers LLC owned 4.00% of HC2 Holdings worth $9,925,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of HC2 Holdings by 24.6% during the first quarter. Vanguard Group Inc. now owns 1,363,811 shares of the technology company’s stock valued at $8,456,000 after buying an additional 269,259 shares in the last quarter. B. Riley Financial Inc. grew its holdings in shares of HC2 Holdings by 31.3% during the first quarter. B. Riley Financial Inc. now owns 667,650 shares of the technology company’s stock valued at $4,140,000 after buying an additional 159,263 shares in the last quarter. Menta Capital LLC grew its holdings in shares of HC2 Holdings by 12.2% during the first quarter. Menta Capital LLC now owns 531,442 shares of the technology company’s stock valued at $3,295,000 after buying an additional 57,776 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in HC2 Holdings by 109.9% in the first quarter. Dimensional Fund Advisors LP now owns 510,588 shares of the technology company’s stock valued at $3,166,000 after purchasing an additional 267,370 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC grew its stake in HC2 Holdings by 26.8% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 380,409 shares of the technology company’s stock valued at $2,359,000 after purchasing an additional 80,409 shares in the last quarter.
HCHC has been the topic of a number of recent research reports. B. Riley restated a “buy” rating and issued a $10.50 target price on shares of HC2 Holdings in a research note on Sunday, May 14th. Zacks Investment Research downgraded HC2 Holdings from a “hold” rating to a “sell” rating in a research note on Monday, May 15th.
Shares of HC2 Holdings Inc (HCHC) traded up 2.04% during mid-day trading on Monday, hitting $4.50. The company’s stock had a trading volume of 66,021 shares. HC2 Holdings Inc has a 1-year low of $3.80 and a 1-year high of $7.27. The company has a 50-day moving average price of $5.14 and a 200-day moving average price of $5.63. The stock’s market cap is $193.55 million.
HC2 Holdings (NASDAQ:HCHC) last announced its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.17. The firm had revenue of $378.65 million for the quarter, compared to analysts’ expectations of $424.16 million. Analysts predict that HC2 Holdings Inc will post ($1.00) EPS for the current fiscal year.
HC2 Holdings Profile
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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