HC2 Holdings Inc (HCHC) Shares Bought by OxFORD Asset Management LLP
OxFORD Asset Management LLP boosted its holdings in HC2 Holdings Inc (NASDAQ:HCHC) by 35.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,612 shares of the technology company’s stock after acquiring an additional 27,432 shares during the period. OxFORD Asset Management LLP owned 0.25% of HC2 Holdings worth $615,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised its stake in HC2 Holdings by 159.1% in the 1st quarter. Bank of America Corp DE now owns 17,065 shares of the technology company’s stock valued at $106,000 after acquiring an additional 10,479 shares during the period. SG Americas Securities LLC bought a new stake in HC2 Holdings in the 1st quarter valued at $108,000. American International Group Inc. raised its stake in HC2 Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 20,563 shares of the technology company’s stock valued at $127,000 after acquiring an additional 1,364 shares during the period. Alliancebernstein L.P. bought a new stake in HC2 Holdings in the 2nd quarter valued at $151,000. Finally, New York State Common Retirement Fund raised its stake in HC2 Holdings by 5.6% in the 2nd quarter. New York State Common Retirement Fund now owns 26,200 shares of the technology company’s stock valued at $154,000 after acquiring an additional 1,399 shares during the period.
Shares of HC2 Holdings Inc (HCHC) opened at 5.23 on Wednesday. The company’s market cap is $224.95 million. The company has a 50-day moving average price of $4.93 and a 200-day moving average price of $5.52. HC2 Holdings Inc has a 1-year low of $3.80 and a 1-year high of $7.27.
HC2 Holdings (NASDAQ:HCHC) last issued its quarterly earnings results on Wednesday, August 9th. The technology company reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.17). The company had revenue of $378.65 million during the quarter, compared to analyst estimates of $424.16 million. Equities research analysts expect that HC2 Holdings Inc will post ($1.00) earnings per share for the current fiscal year.
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HCHC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded HC2 Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. B. Riley restated a “buy” rating and issued a $10.50 price target on shares of HC2 Holdings in a research note on Tuesday, August 8th.
HC2 Holdings Company 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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