HC2 Holdings Inc (HCHC) Stake Lessened by Bank of America Corp DE

Bank of America Corp DE lessened its stake in shares of HC2 Holdings Inc (NYSE:HCHC) by 52.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,448 shares of the technology company’s stock after selling 25,701 shares during the quarter. Bank of America Corp DE owned about 0.05% of HC2 worth $137,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Roumell Asset Management LLC raised its stake in shares of HC2 by 600.2% during the second quarter. Roumell Asset Management LLC now owns 295,255 shares of the technology company’s stock valued at $1,727,000 after acquiring an additional 253,088 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of HC2 by 51.9% during the second quarter. Renaissance Technologies LLC now owns 439,800 shares of the technology company’s stock valued at $2,573,000 after acquiring an additional 150,200 shares during the last quarter. MYDA Advisors LLC bought a new position in shares of HC2 during the second quarter valued at $366,000. BlackRock Inc. raised its stake in shares of HC2 by 15.2% during the second quarter. BlackRock Inc. now owns 2,246,847 shares of the technology company’s stock valued at $13,144,000 after acquiring an additional 296,743 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of HC2 by 14.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 87,819 shares of the technology company’s stock valued at $514,000 after acquiring an additional 11,019 shares during the last quarter. 57.30% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on HCHC shares. ValuEngine raised shares of HC2 from a “hold” rating to a “buy” rating in a research note on Monday, August 20th. Zacks Investment Research raised shares of HC2 from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Thursday, November 8th.

HCHC stock opened at $3.16 on Friday. The firm has a market cap of $142.38 million, a PE ratio of -3.19 and a beta of 1.23. HC2 Holdings Inc has a 52-week low of $2.96 and a 52-week high of $7.79. The company has a quick ratio of 3.35, a current ratio of 3.35 and a debt-to-equity ratio of 2.40.

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HC2 Profile

HC2 Holdings, Inc engages in the construction, marine services, energy, telecommunications, insurance, 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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Institutional Ownership by Quarter for HC2 (NYSE:HCHC)

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