B. Riley restated their buy rating on shares of HC2 Holdings, Inc. (NYSE:HCHC) in a research note released on Monday. They currently have a $11.50 price target on the technology company’s stock.

Separately, Zacks Investment Research cut shares of HC2 Holdings from a hold rating to a sell rating in a research note on Monday, November 13th.

Shares of HC2 Holdings (NYSE:HCHC) traded up $0.05 during midday trading on Monday, reaching $5.27. 132,900 shares of the company traded hands, compared to its average volume of 218,833. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 6.06. HC2 Holdings has a 12 month low of $4.30 and a 12 month high of $7.27.

HC2 Holdings (NYSE:HCHC) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.07). HC2 Holdings had a negative return on equity of 67.69% and a negative net margin of 6.13%. The company had revenue of $406.40 million during the quarter, compared to analysts’ expectations of $428.04 million. During the same period in the previous year, the firm posted ($0.20) EPS. HC2 Holdings’s revenue was down 1.6% compared to the same quarter last year. equities research analysts expect that HC2 Holdings will post -1.11 earnings per share for the current year.

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In other HC2 Holdings news, Director Robert V. Leffler, Jr. sold 20,000 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $5.00, for a total transaction of $100,000.00. Following the sale, the director now directly owns 19,779 shares in the company, valued at $98,895. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzi R. Herbst sold 5,303 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $4.99, for a total transaction of $26,461.97. Following the sale, the insider now owns 27,493 shares in the company, valued at $137,190.07. The disclosure for this sale can be found here. 16.00% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. increased its stake in shares of HC2 Holdings by 7.1% during the first quarter. American International Group Inc. now owns 20,563 shares of the technology company’s stock worth $127,000 after buying an additional 1,364 shares during the period. New York State Common Retirement Fund increased its stake in shares of HC2 Holdings by 5.6% during the second quarter. New York State Common Retirement Fund now owns 26,200 shares of the technology company’s stock worth $154,000 after buying an additional 1,399 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of HC2 Holdings by 7.1% during the first quarter. Goldman Sachs Group Inc. now owns 29,217 shares of the technology company’s stock worth $181,000 after buying an additional 1,931 shares during the period. Voya Investment Management LLC increased its stake in shares of HC2 Holdings by 29.2% during the second quarter. Voya Investment Management LLC now owns 20,115 shares of the technology company’s stock worth $118,000 after buying an additional 4,546 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of HC2 Holdings by 7.4% during the second quarter. California State Teachers Retirement System now owns 72,211 shares of the technology company’s stock worth $425,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 61.66% of the company’s stock.

About HC2 Holdings

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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