HC2 Holdings Inc (NASDAQ:HCHC) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price target of $9.00 for the company and are expecting that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also assigned HC2 Holdings an industry rank of 159 out of 265 based on the ratings given to related companies.
HCHC has been the subject of a number of analyst reports. B. Riley initiated coverage on shares of HC2 Holdings in a report on Monday, June 20th. They set a “buy” rating and a $8.50 target price for the company. Zacks Investment Research raised shares of HC2 Holdings from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Tuesday, August 23rd.
Institutional investors have recently made changes to their positions in the stock. Nomura Holdings Inc. raised its position in shares of HC2 Holdings by 100.0% in the second quarter. Nomura Holdings Inc. now owns 239,580 shares of the company’s stock valued at $1,030,000 after buying an additional 119,790 shares during the period. Bridgeway Capital Management Inc. raised its position in shares of HC2 Holdings by 29.9% in the second quarter. Bridgeway Capital Management Inc. now owns 393,029 shares of the company’s stock valued at $1,690,000 after buying an additional 90,429 shares during the period. Finally, Wingspan Investment Management LP purchased a new position in shares of HC2 Holdings during the second quarter valued at about $6,289,000.
Shares of HC2 Holdings (NASDAQ:HCHC) opened at 5.58 on Friday. HC2 Holdings has a 12-month low of $3.25 and a 12-month high of $7.97. The stock has a 50 day moving average price of $4.97 and a 200-day moving average price of $4.37. The stock’s market cap is $197.73 million.
HC2 Holdings (NASDAQ:HCHC) last released its earnings results on Tuesday, August 9th. The company reported $0.02 EPS for the quarter. The business had revenue of $359.30 million for the quarter, compared to analyst estimates of $280.98 million. Equities analysts anticipate that HC2 Holdings will post ($1.17) EPS for the current fiscal year.
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