Hudson Bay Credit Management LLC disclosed that they own 1.4% of HC2 Holdings Inc (NASDAQ:HCHC) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Monday, October 17th. The investor owns 594,521 shares of the stock worth approximately $3,067,728. The reporting parties listed on the disclosure included Hudson Bay Credit Management LLC, Hudson Bay Capital Management LP and Sander Gerber. The filing is available through EDGAR at this hyperlink.
A number of other hedge funds have also recently modified their holdings of HCHC. Nomura Holdings Inc. boosted its stake 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 in the last quarter. Bridgeway Capital Management Inc. boosted its stake in 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 bought a new stake in HC2 Holdings during the second quarter valued at approximately $6,289,000.
Shares of HC2 Holdings Inc (NASDAQ:HCHC) traded down 0.484% during trading on Monday, reaching $5.135. 155,525 shares of the company’s stock were exchanged. HC2 Holdings Inc has a 52-week low of $3.25 and a 52-week high of $7.97. The stock’s market cap is $181.96 million. The stock’s 50 day moving average price is $5.02 and its 200-day moving average price is $4.40.
HC2 Holdings (NASDAQ:HCHC) last announced its earnings results on Tuesday, August 9th. The company reported $0.02 EPS for the quarter. The company had revenue of $359.30 million for the quarter, compared to the consensus estimate of $280.98 million. On average, equities research analysts forecast that HC2 Holdings Inc will post ($1.17) EPS for the current year.
Several analysts have recently commented on the stock. B. Riley reissued a “buy” rating and set a $9.00 price target on shares of HC2 Holdings in a research note on Monday. Zacks Investment Research cut shares of HC2 Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 11th.
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