HC2 Holdings Inc (HCHC) Position Boosted by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its stake in HC2 Holdings Inc (NYSE:HCHC) by 14.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,819 shares of the technology company’s stock after acquiring an additional 11,019 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in HC2 were worth $514,000 at the end of the most recent reporting period.

Separately, Clear Harbor Asset Management LLC acquired a new position in HC2 in the second quarter valued at approximately $146,000. Institutional investors and hedge funds own 56.41% of the company’s stock.

Shares of HCHC opened at $5.33 on Friday. HC2 Holdings Inc has a 52-week low of $4.78 and a 52-week high of $7.79. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 4.16. The company has a market capitalization of $244.10 million, a price-to-earnings ratio of -5.39 and a beta of 1.06.

HC2 (NYSE:HCHC) last issued its quarterly earnings results on Wednesday, August 8th. The technology company reported ($0.69) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by ($0.24). HC2 had a net margin of 0.32% and a negative return on equity of 51.25%. The business had revenue of $496.78 million during the quarter, compared to analyst estimates of $454.23 million. Equities analysts predict that HC2 Holdings Inc will post -2.22 earnings per share for the current year.

HCHC has been the topic of several recent analyst reports. Zacks Investment Research raised HC2 from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. ValuEngine raised HC2 from a “hold” rating to a “buy” rating in a research note on Monday, August 20th.

HC2 Company 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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